Naples Global Advisors buys $3,188,950 stake in Boeing Co (BA)

Boeing Co (BA) : Naples Global Advisors scooped up 5,437 additional shares in Boeing Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 13, 2016. The investment management firm now holds a total of 24,319 shares of Boeing Co which is valued at $3,188,950.Boeing Co makes up approximately 1.32% of Naples Global Advisors’s portfolio.

Boeing Co opened for trading at $130.64 and hit $132.25 on the upside on Monday, eventually ending the session at $131.97, with a gain of 0.64% or 0.84 points. The heightened volatility saw the trading volume jump to 30,56,130 shares. Company has a market cap of $87,431 M.

Other Hedge Funds, Including , Kanaly Trust Co reduced its stake in BA by selling 5,528 shares or 53.86% in the most recent quarter. The Hedge Fund company now holds 4,736 shares of BA which is valued at $621,032. Boeing Co makes up approx 0.12% of Kanaly Trust Co’s portfolio.Fjarde Ap-fonden Fourth Swedish National Pension Fund boosted its stake in BA in the latest quarter, The investment management firm added 16,908 additional shares and now holds a total of 145,738 shares of Boeing Co which is valued at $19,110,624. Boeing Co makes up approx 0.44% of Fjarde Ap-fonden Fourth Swedish National Pension Fund’s portfolio.Elm Advisors reduced its stake in BA by selling 75 shares or 4.44% in the most recent quarter. The Hedge Fund company now holds 1,615 shares of BA which is valued at $211,775. Boeing Co makes up approx 0.20% of Elm Advisors’s portfolio.Community Trust Investment Co boosted its stake in BA in the latest quarter, The investment management firm added 52,371 additional shares and now holds a total of 133,052 shares of Boeing Co which is valued at $17,018,681. Boeing Co makes up approx 2.20% of Community Trust Investment Co’s portfolio.

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. 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. Boeing Co was Downgraded by JP Morgan to ” Neutral” on Feb 12, 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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