Brave Asset Management Inc buys $2,342,529 stake in Boeing Co (BA)

Boeing Co (BA) : Brave Asset Management Inc scooped up 3,938 additional shares in Boeing Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 17,613 shares of Boeing Co which is valued at $2,342,529.Boeing Co makes up approximately 1.53% of Brave Asset Management Inc’s portfolio.

Other Hedge Funds, Including , Dimensional Fund Advisors Lp reduced its stake in BA by selling 21,140 shares or 1.63% in the most recent quarter. The Hedge Fund company now holds 1,272,894 shares of BA which is valued at $168,263,858. Boeing Co makes up approx 0.09% of Dimensional Fund Advisors Lp’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. Loudon Investment Management added BA to its portfolio by purchasing 1,680 company shares during the most recent quarter which is valued at $221,306. Boeing Co makes up approx 0.17% of Loudon Investment Management’s portfolio.Security National Trust Co reduced its stake in BA by selling 55 shares or 0.84% in the most recent quarter. The Hedge Fund company now holds 6,467 shares of BA which is valued at $863,150. Boeing Co makes up approx 0.31% of Security National Trust Co’s portfolio.Gulf International Bank (uk) Ltd reduced its stake in BA by selling 2,442 shares or 1.27% in the most recent quarter. The Hedge Fund company now holds 190,557 shares of BA which is valued at $24,793,371. Boeing Co makes up approx 0.41% of Gulf International Bank (uk) Ltd’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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