Signaturefd Lowers stake in Boeing Co (BA)

Boeing Co (BA) : Signaturefd reduced its stake in Boeing Co by 1.26% during the most recent quarter end. The investment management company now holds a total of 16,737 shares of Boeing Co which is valued at $2.2 Million after selling 213 shares in Boeing Co , the firm said in a disclosure report filed with the SEC on May 12, 2016.Boeing Co makes up approximately 0.38% of Signaturefd’s portfolio.

Other Hedge Funds, Including , First City Capital Management reduced its stake in BA by selling 150 shares or 6.48% in the most recent quarter. The Hedge Fund company now holds 2,164 shares of BA which is valued at $285,908. Boeing Co makes up approx 0.19% of First City Capital Management’s portfolio.Sumitomo Mitsui Asset Management Company Ltd boosted its stake in BA in the latest quarter, The investment management firm added 1,595 additional shares and now holds a total of 76,020 shares of Boeing Co which is valued at $10 Million. Boeing Co makes up approx 0.31% of Sumitomo Mitsui Asset Management Company Ltd’s portfolio. Penserra Capital Management added BA to its portfolio by purchasing 942 company shares during the most recent quarter which is valued at $124,457. Boeing Co makes up approx 0.02% of Penserra Capital Management’s portfolio. Goss Wealth Management sold out all of its stake in BA during the most recent quarter. The investment firm sold 13,187 shares of BA which is valued $1.8 Million.

Boeing Co closed down -0.69 points or -0.54% at $127.39 with 32,97,732 shares getting traded on Friday. Post opening the session at $129.13, the shares hit an intraday low of $127.2117 and an intraday high of $129.25 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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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