Bristol Gate Capital Partners buys $27.2 Million stake in Boeing Co (BA)

Boeing Co (BA) : Bristol Gate Capital Partners scooped up 40,411 additional shares in Boeing Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 206,238 shares of Boeing Co which is valued at $27.2 Million.Boeing Co makes up approximately 5.14% of Bristol Gate Capital Partners’s portfolio.

Other Hedge Funds, Including , Comerica Bank reduced its stake in BA by selling 112 shares or 0.05% in the most recent quarter. The Hedge Fund company now holds 225,389 shares of BA which is valued at $29.8 Million. Boeing Co makes up approx 0.27% of Comerica Bank’s portfolio.Hedeker Wealth Management Group reduced its stake in BA by selling 2,054 shares or 6.53% in the most recent quarter. The Hedge Fund company now holds 29,423 shares of BA which is valued at $3.9 Million. Boeing Co makes up approx 3.66% of Hedeker Wealth Management Group’s portfolio.Commonwealth Of Pennsylvania Public School Empls Retrmt Sys boosted its stake in BA in the latest quarter, The investment management firm added 5,066 additional shares and now holds a total of 46,213 shares of Boeing Co which is valued at $6.1 Million. Boeing Co makes up approx 0.13% of Commonwealth Of Pennsylvania Public School Empls Retrmt Sys’s portfolio.Alerus Investment Advisors Corp boosted its stake in BA in the latest quarter, The investment management firm added 1,718 additional shares and now holds a total of 36,132 shares of Boeing Co which is valued at $4.8 Million. Boeing Co makes up approx 0.84% of Alerus Investment Advisors Corp’s portfolio.Diversified Trust Co boosted its stake in BA in the latest quarter, The investment management firm added 2,818 additional shares and now holds a total of 24,986 shares of Boeing Co which is valued at $3.3 Million. Boeing Co makes up approx 0.47% of Diversified Trust Co’s portfolio.

Boeing Co opened for trading at $131.63 and hit $134.41 on the upside on Monday, eventually ending the session at $134.14, with a gain of 1.53% or 2.02 points. The heightened volatility saw the trading volume jump to 31,65,440 shares. Company has a market cap of $85,449 M.

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. Company shares were Reiterated by RBC Capital Mkts on Apr 28, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 132 from a previous price target of $128 .Company shares were Reiterated by Canaccord Genuity on Apr 28, 2016 to “Hold”, Firm has raised the Price Target to $ 140 from a previous price target of $135 .Boeing Co was Downgraded by BofA/Merrill to ” Underperform” on Apr 20, 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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