Beech Hill Advisors buys $3,782,365 stake in Boeing Co (BA)

Boeing Co (BA) : Beech Hill Advisors scooped up 25,200 additional shares in Boeing Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 20, 2016. The investment management firm now holds a total of 28,862 shares of Boeing Co which is valued at $3,782,365.Boeing Co makes up approximately 2.93% of Beech Hill Advisors’s portfolio.

Boeing Co opened for trading at $131.09 and hit $131.83 on the upside on Friday, eventually ending the session at $131.05, with a gain of 0.24% or 0.31 points. The heightened volatility saw the trading volume jump to 38,58,140 shares. Company has a market cap of $86,821 M.

Other Hedge Funds, Including , Umb Bank N Amo boosted its stake in BA in the latest quarter, The investment management firm added 1,621 additional shares and now holds a total of 148,578 shares of Boeing Co which is valued at $19,471,147. Boeing Co makes up approx 0.82% of Umb Bank N Amo’s portfolio.Btr Capital Management Inc reduced its stake in BA by selling 3,700 shares or 38.54% in the most recent quarter. The Hedge Fund company now holds 5,900 shares of BA which is valued at $773,667. Boeing Co makes up approx 0.18% of Btr Capital Management Inc’s portfolio. Simplex Trading sold out all of its stake in BA during the most recent quarter. The investment firm sold 29,422 shares of BA which is valued $3,858,107. Brookstone Capital Management sold out all of its stake in BA during the most recent quarter. The investment firm sold 2,610 shares of BA which is valued $342,249.

On the company’s financial health, Boeing Co reported $1.60 EPS for the quarter, beating the analyst consensus estimate by $ 0.33 according to the earnings call on Jan 27, 2016. Analyst had a consensus of $1.27. The company had revenue of $23573.00 million for the quarter, compared to analysts expectations of $23553.07 million. The company’s revenue was down -3.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $2.31 EPS.

Many Wall Street Analysts have commented on Boeing Co. Boeing Co was Downgraded by BofA/Merrill to ” Underperform” on Apr 20, 2016. Shares were Downgraded by Canaccord Genuity on Mar 3, 2016 to ” Hold” and Lowered the Price Target to $ 135 from a previous price target of $150 .Boeing Co was Upgraded by Buckingham Research to ” Neutral” on Feb 18, 2016.

The Boeing Company together with its subsidiaries is an aerospace company. The Company operates through five segments: Commercial Airplanes Boeing Military Aircraft (BMA) Network & Space Systems (N&SS) Global Services & Support (GS&S) and Boeing Capital (BCC). The Defense Space & Security (BDS) business includes BMA N&SS and GS&S. The Commercial Airplanes segment develops produces and markets commercial jet aircraft and provides related support services. The BMA segment is engaged in the research development production and modification of manned and unmanned military aircraft and weapons systems for global strike. The N&SS segment is engaged in the research development production and modification of the products and related services. The GS&S segment provides a range of support solutions. The BCC segment’s portfolio consists of equipment under operating leases finance leases notes and other receivables assets held for sale or re-lease and investments.

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