Iat Reinsurance Co Ltd. Lowers stake in Boeing Co (BA)

Boeing Co (BA) : Iat Reinsurance Co Ltd. reduced its stake in Boeing Co by 20.0% during the most recent quarter end. The investment management company now holds a total of 20,000 shares of Boeing Co which is valued at $2.6 Million after selling 5,000 shares in Boeing Co , the firm said in a disclosure report filed with the SEC on May 13, 2016.Boeing Co makes up approximately 1.78% of Iat Reinsurance Co Ltd.’s portfolio.

Other Hedge Funds, Including , Bridgewater Associates Lp boosted its stake in BA in the latest quarter, The investment management firm added 13,500 additional shares and now holds a total of 38,656 shares of Boeing Co which is valued at $5.1 Million. Boeing Co makes up approx 0.07% of Bridgewater Associates Lp’s portfolio.Korea Investment Corp reduced its stake in BA by selling 72,400 shares or 22.45% in the most recent quarter. The Hedge Fund company now holds 250,102 shares of BA which is valued at $33 Million. Boeing Co makes up approx 0.25% of Korea Investment Corp’s portfolio.Keybank National Associationoh boosted its stake in BA in the latest quarter, The investment management firm added 2,053 additional shares and now holds a total of 167,276 shares of Boeing Co which is valued at $22.1 Million. Boeing Co makes up approx 0.15% of Keybank National Associationoh’s portfolio.Cibc Asset Management Inc boosted its stake in BA in the latest quarter, The investment management firm added 6 additional shares and now holds a total of 60,030 shares of Boeing Co which is valued at $7.9 Million. Boeing Co makes up approx 0.06% of Cibc Asset Management Inc’s portfolio. Shamrock Asset Management sold out all of its stake in BA during the most recent quarter. The investment firm sold 233 shares of BA which is valued $31,050.

Boeing Co opened for trading at $128 and hit $129.78 on the upside on Wednesday, eventually ending the session at $128.86, with a gain of 1.07% or 1.36 points. The heightened volatility saw the trading volume jump to 46,56,748 shares. Company has a market cap of $82,085 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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