Boeing Co (BA) : Cannell Peter B Co Inc reduced its stake in Boeing Co by 4.66% during the most recent quarter end. The investment management company now holds a total of 524,795 shares of Boeing Co which is valued at $69,850,215 after selling 25,660 shares in Boeing Co , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Boeing Co makes up approximately 2.43% of Cannell Peter B Co Inc’s portfolio.
Other Hedge Funds, Including , Boston Financial Mangement boosted its stake in BA in the latest quarter, The investment management firm added 4,074 additional shares and now holds a total of 8,249 shares of Boeing Co which is valued at $1,097,942. Boeing Co makes up approx 0.09% of Boston Financial Mangement’s portfolio. Santa Barbara Asset Management sold out all of its stake in BA during the most recent quarter. The investment firm sold 929,562 shares of BA which is valued $123,724,702.Private Capital Management Inc reduced its stake in BA by selling 450 shares or 7.35% in the most recent quarter. The Hedge Fund company now holds 5,675 shares of BA which is valued at $747,568. Boeing Co makes up approx 0.70% of Private Capital Management Inc’s portfolio.State Of New Jersey Common Pension Fund D boosted its stake in BA in the latest quarter, The investment management firm added 390,000 additional shares and now holds a total of 590,000 shares of Boeing Co which is valued at $77,803,300. Boeing Co makes up approx 0.34% of State Of New Jersey Common Pension Fund D’s portfolio.First Citizens Bank Trust Co reduced its stake in BA by selling 3,781 shares or 7.48% in the most recent quarter. The Hedge Fund company now holds 46,738 shares of BA which is valued at $6,247,001. Boeing Co makes up approx 0.54% of First Citizens Bank Trust Co’s portfolio.
Boeing Co closed down -0.85 points or -0.63% at $134.14 with 34,81,863 shares getting traded on Tuesday. Post opening the session at $135.32, the shares hit an intraday low of $133.6414 and an intraday high of $136.37 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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.