Shelton Capital Management Lowers stake in Boeing Co (BA)

Boeing Co (BA) : Shelton Capital Management reduced its stake in Boeing Co by 2.79% during the most recent quarter end. The investment management company now holds a total of 30,650 shares of Boeing Co which is valued at $4,041,816 after selling 880 shares in Boeing Co , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Boeing Co makes up approximately 0.35% of Shelton Capital Management’s portfolio.

Other Hedge Funds, Including , Tradition Capital Management reduced its stake in BA by selling 1,641 shares or 3.43% in the most recent quarter. The Hedge Fund company now holds 46,151 shares of BA which is valued at $6,085,932. Boeing Co makes up approx 1.98% of Tradition Capital Management’s portfolio. Filament sold out all of its stake in BA during the most recent quarter. The investment firm sold 2,355 shares of BA which is valued $314,769.Beech Hill Advisors reduced its stake in BA by selling 75 shares or 0.26% in the most recent quarter. The Hedge Fund company now holds 28,787 shares of BA which is valued at $3,878,185. Boeing Co makes up approx 2.52% of Beech Hill Advisors’s portfolio.Regentatlantic Capital reduced its stake in BA by selling 1,430 shares or 6.77% in the most recent quarter. The Hedge Fund company now holds 19,682 shares of BA which is valued at $2,651,559. Boeing Co makes up approx 0.25% of Regentatlantic Capital’s portfolio.Capstone Asset Management Co reduced its stake in BA by selling 2,955 shares or 11.51% in the most recent quarter. The Hedge Fund company now holds 22,727 shares of BA which is valued at $2,957,010. Boeing Co makes up approx 0.09% of Capstone Asset Management Co’s portfolio.

Boeing Co closed down -0.66 points or -0.50% at $131.21 with 30,09,006 shares getting traded on Thursday. Post opening the session at $132, the shares hit an intraday low of $130.955 and an intraday high of $132.55 and the price fluctuated in this range throughout the day.Shares ended Thursday 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.

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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