Boeing Co (BA) : Concorde Asset Management scooped up 417 additional shares in Boeing Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 20, 2016. The investment management firm now holds a total of 5,761 shares of Boeing Co which is valued at $768,921.Boeing Co makes up approximately 0.74% of Concorde Asset Management’s portfolio.
Other Hedge Funds, Including , Murphy Capital Management Inc reduced its stake in BA by selling 1,594 shares or 2.88% in the most recent quarter. The Hedge Fund company now holds 53,721 shares of BA which is valued at $7,237,293. Boeing Co makes up approx 1.09% of Murphy Capital Management Inc’s portfolio.Vigilant Capital Management reduced its stake in BA by selling 122 shares or 17.5% in the most recent quarter. The Hedge Fund company now holds 575 shares of BA which is valued at $77,464. Boeing Co makes up approx 0.01% of Vigilant Capital Management’s portfolio.Balasa Dinverno Foltz reduced its stake in BA by selling 277 shares or 5.97% in the most recent quarter. The Hedge Fund company now holds 4,359 shares of BA which is valued at $581,621. Boeing Co makes up approx 0.10% of Balasa Dinverno Foltz’s portfolio.
Boeing Co opened for trading at $134.55 and hit $135.18 on the upside on Wednesday, eventually ending the session at $134.72, with a gain of 0.04% or 0.06 points. The heightened volatility saw the trading volume jump to 26,69,692 shares. Company has a market cap of $85,818 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.
Investors should note that on Jun 27, 2016, Boeing Co announced a cash dividend of $1.0900. The company’s management has announced Aug 10, 2016 as the ex-dividend date and fixed the record date on Aug 12, 2016. The payable date has been fixed on Sep 2, 2016.
Many Wall Street Analysts have commented on Boeing Co. Morgan Stanley Initiated Boeing Co on Jun 23, 2016 to “Overweight”, Price Target of the shares are set at $153.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 .
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.