Eagle Ridge Investment Management adds Boeing Co (BA) to its portfolio

Boeing Co (BA) : Eagle Ridge Investment Management added new position in Boeing Co during the most recent quarter end. The investment management firm now holds 6,286 shares of Boeing Co which is valued at $823,780 , the company said in a statement filed on Apr 21, 2016 with the SEC.Boeing Co makes up approximately 0.19% of Eagle Ridge Investment Management’s portfolio.

Boeing Co opened for trading at $133.2 and hit $137.89 on the upside on Wednesday, eventually ending the session at $137.08, with a gain of 2.88% or 3.84 points. The heightened volatility saw the trading volume jump to 69,30,830 shares. Company has a market cap of $90,816 M.

Other Hedge Funds, Including , Gw Henssler Associates Ltd reduced its stake in BA by selling 8,268 shares or 18.42% in the most recent quarter. The Hedge Fund company now holds 36,614 shares of BA which is valued at $4,798,265. Boeing Co makes up approx 0.56% of Gw Henssler Associates Ltd’s portfolio.Independent Portfolio Consultants reduced its stake in BA by selling 575 shares or 63.19% in the most recent quarter. The Hedge Fund company now holds 335 shares of BA which is valued at $43,929. Boeing Co makes up approx 0.01% of Independent Portfolio Consultants’s portfolio.Guinness Asset Management Ltd boosted its stake in BA in the latest quarter, The investment management firm added 5,670 additional shares and now holds a total of 20,000 shares of Boeing Co which is valued at $2,622,600. Boeing Co makes up approx 0.78% of Guinness Asset Management Ltd’s portfolio.Creative Planning boosted its stake in BA in the latest quarter, The investment management firm added 2,963 additional shares and now holds a total of 111,661 shares of Boeing Co which is valued at $14,282,559. Boeing Co makes up approx 0.11% of Creative Planning’s portfolio.

On the company’s financial health, Boeing Co reported $1.74 EPS for the quarter, missing the analyst consensus estimate by $ -0.10 based on the information available during the earnings call on Apr 27, 2016. Analyst had a consensus of $1.84. The company had revenue of $22632.00 million for the quarter, compared to analysts expectations of $21497.36 million. The company’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.97 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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