Zweig Advisers Lowers stake in Boeing Co (BA)

Boeing Co (BA) : Zweig Advisers reduced its stake in Boeing Co by 2.38% during the most recent quarter end. The investment management company now holds a total of 82,000 shares of Boeing Co which is valued at $12,299,180 after selling 2,000 shares in Boeing Co , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Boeing Co makes up approximately 2.10% of Zweig Advisers’s portfolio.

Other Hedge Funds, Including , Tlp Group added BA to its portfolio by purchasing 960 company shares during the most recent quarter which is valued at $143,990. Boeing Co makes up approx 0.11% of Tlp Group’s portfolio.Teacher Retirement System Of Texas boosted its stake in BA in the latest quarter, The investment management firm added 17,895 additional shares and now holds a total of 332,952 shares of Boeing Co which is valued at $46,460,122. Boeing Co makes up approx 0.34% of Teacher Retirement System Of Texas’s portfolio.Tci Wealth Advisors reduced its stake in BA by selling 100 shares or 2.04% in the most recent quarter. The Hedge Fund company now holds 4,804 shares of BA which is valued at $676,163. Boeing Co makes up approx 0.38% of Tci Wealth Advisors’s portfolio.Private Wealth Partners reduced its stake in BA by selling 360 shares or 0.69% in the most recent quarter. The Hedge Fund company now holds 52,075 shares of BA which is valued at $6,978,050. Boeing Co makes up approx 1.71% of Private Wealth Partners’s portfolio.

Boeing Co opened for trading at $145.18 and hit $146.6 on the upside on Monday, eventually ending the session at $146.35, with a gain of 0.70% or 1.02 points. The heightened volatility saw the trading volume jump to 22,14,419 shares. Company has a market cap of $90,322 M.

On the company’s financial health, Boeing Co reported $3.51 EPS for the quarter, beating the analyst consensus estimate by $ 0.89 according to the earnings call on Oct 26, 2016. Analyst had a consensus of $2.62. The company had revenue of $23898.00 million for the quarter, compared to analysts expectations of $23600.13 million. The company’s revenue was down -7.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $2.52 EPS.

Many Wall Street Analysts have commented on Boeing Co. Standpoint Research Downgraded Boeing Co on Oct 26, 2016 to ” Sell”, Price Target of the shares are set at $125.

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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