Curian Capital Lowers stake in Boeing Co (BA)

Boeing Co (BA) : Curian Capital reduced its stake in Boeing Co by 64.96% during the most recent quarter end. The investment management company now holds a total of 58,323 shares of Boeing Co which is valued at $7,587,239 after selling 108,122 shares in Boeing Co , the firm said in a disclosure report filed with the SEC on Jul 6, 2016.Boeing Co makes up approximately 0.54% of Curian Capital’s portfolio.

Other Hedge Funds, Including , Indiana Trust Investment Management Co reduced its stake in BA by selling 45 shares or 0.68% in the most recent quarter. The Hedge Fund company now holds 6,607 shares of BA which is valued at $838,891. Boeing Co makes up approx 0.44% of Indiana Trust Investment Management Co’s portfolio.Toth Financial Advisory Corp reduced its stake in BA by selling 6,171 shares or 52.07% in the most recent quarter. The Hedge Fund company now holds 5,680 shares of BA which is valued at $736,639. Boeing Co makes up approx 0.22% of Toth Financial Advisory Corp’s portfolio.Cullinan Associates Inc boosted its stake in BA in the latest quarter, The investment management firm added 500 additional shares and now holds a total of 28,501 shares of Boeing Co which is valued at $3,696,295. Boeing Co makes up approx 0.30% of Cullinan Associates Inc’s portfolio.

Boeing Co opened for trading at $130.84 and hit $133.25 on the upside on Monday, eventually ending the session at $132.04, with a gain of 1.50% or 1.95 points. The heightened volatility saw the trading volume jump to 39,29,870 shares. Company has a market cap of $84,111 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.

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