R. G. Niederhoffer Capital Management Inc Exits Position in Boeing Co (BA)

Boeing Co (BA) : R. G. Niederhoffer Capital Management Inc has sold out all of its stake in Boeing Co during the most recent quarter, according to the disclosure filed by the company on Aug 2, 2016 with the SEC. The investment management company has sold out 5,600 shares of Boeing Co which is valued at $738,472.

Other Hedge Funds, Including , Roanoke Asset Management Corp Ny reduced its stake in BA by selling 94 shares or 0.22% in the most recent quarter. The Hedge Fund company now holds 43,536 shares of BA which is valued at $5,741,092. Boeing Co makes up approx 2.53% of Roanoke Asset Management Corp Ny’s portfolio.Riggs Asset Managment reduced its stake in BA by selling 439 shares or 0.69% in the most recent quarter. The Hedge Fund company now holds 62,738 shares of BA which is valued at $8,385,561. Boeing Co makes up approx 4.28% of Riggs Asset Managment’s portfolio.Redwood Investments reduced its stake in BA by selling 93,663 shares or 99.91% in the most recent quarter. The Hedge Fund company now holds 83 shares of BA which is valued at $11,285.Alta Capital Management reduced its stake in BA by selling 189 shares or 7.8% in the most recent quarter. The Hedge Fund company now holds 2,234 shares of BA which is valued at $298,172. Boeing Co makes up approx 0.02% of Alta Capital Management’s portfolio.

Boeing Co opened for trading at $132.14 and hit $132.95 on the upside on Monday, eventually ending the session at $132.19, with a gain of 0.35% or 0.46 points. The heightened volatility saw the trading volume jump to 24,43,769 shares. Company has a market cap of $82,464 M.

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.

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. 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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