Atlanta Capital Group Lowers stake in Boeing Co (BA)

Boeing Co (BA) : Atlanta Capital Group reduced its stake in Boeing Co by 1.29% during the most recent quarter end. The investment management company now holds a total of 52,767 shares of Boeing Co which is valued at $6,975,270 after selling 690 shares in Boeing Co , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.Boeing Co makes up approximately 1.49% of Atlanta Capital Group’s portfolio.

Other Hedge Funds, Including , Pinnacle Holdings reduced its stake in BA by selling 42 shares or 0.26% in the most recent quarter. The Hedge Fund company now holds 15,985 shares of BA which is valued at $2,113,057. Boeing Co makes up approx 1.05% of Pinnacle Holdings’s portfolio.Los Angeles Capital Management Equity Research Inc reduced its stake in BA by selling 176,566 shares or 53.9% in the most recent quarter. The Hedge Fund company now holds 151,003 shares of BA which is valued at $20,083,399. Boeing Co makes up approx 0.16% of Los Angeles Capital Management Equity Research Inc’s portfolio.Brown Advisory Securities boosted its stake in BA in the latest quarter, The investment management firm added 59 additional shares and now holds a total of 2,950 shares of Boeing Co which is valued at $388,604. Boeing Co makes up approx 0.12% of Brown Advisory Securities’s portfolio.Umb Bank N Amo reduced its stake in BA by selling 731 shares or 0.49% in the most recent quarter. The Hedge Fund company now holds 147,847 shares of BA which is valued at $20,101,278. Boeing Co makes up approx 0.83% of Umb Bank N Amo’s portfolio.Baker Boyer National Bank boosted its stake in BA in the latest quarter, The investment management firm added 125 additional shares and now holds a total of 4,150 shares of Boeing Co which is valued at $539,957. Boeing Co makes up approx 2.41% of Baker Boyer National Bank’s portfolio.

Boeing Co closed down -0.28 points or -0.21% at $134.72 with 28,54,630 shares getting traded on Wednesday. Post opening the session at $134.85, the shares hit an intraday low of $134.111 and an intraday high of $134.99 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Boeing Co reported $-0.44 EPS for the quarter, missing the analyst consensus estimate by $ -2.68 based on the information available during the earnings call on Jul 27, 2016. Analyst had a consensus of $2.24. The company had revenue of $24755.00 million for the quarter, compared to analysts expectations of $24174.22 million. The company’s revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.62 EPS.

Many Wall Street Analysts have commented on Boeing Co. Company shares were Reiterated by Canaccord Genuity on Jul 28, 2016 to “Hold”, Firm has raised the Price Target to $ 144 from a previous price target of $140 .Morgan Stanley Initiated Boeing Co on Jun 23, 2016 to “Overweight”, Price Target of the shares are set at $153.

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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