Dumont & Blake Investment Advisors LLC Cuts Holdings in Boeing Co (BA)
Dumont & Blake Investment Advisors LLC decreased its position in Boeing Co (NYSE:BA) by 9.5% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 4,106 shares of the aircraft producer’s stock after selling 430 shares during the period. Dumont & Blake Investment Advisors LLC’s holdings in Boeing were worth $1,527,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Argent Trust Co grew its position in shares of Boeing by 5.1% in the 4th quarter. Argent Trust Co now owns 5,625 shares of the aircraft producer’s stock valued at $1,659,000 after buying an additional 271 shares during the last quarter. Financial Gravity Wealth Inc. purchased a new position in shares of Boeing in the 1st quarter valued at $463,000. A.R.T. Advisors LLC grew its position in shares of Boeing by 62.7% in the 1st quarter. A.R.T. Advisors LLC now owns 72,900 shares of the aircraft producer’s stock valued at $23,902,000 after buying an additional 28,100 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Boeing by 21.3% in the 1st quarter. The Manufacturers Life Insurance Company now owns 784,670 shares of the aircraft producer’s stock valued at $257,278,000 after buying an additional 137,798 shares during the last quarter. Finally, Ostrum Asset Management purchased a new position in shares of Boeing in the 1st quarter valued at $2,866,000. Hedge funds and other institutional investors own 70.13% of the company’s stock.
In other news, SVP Jenette E. Ramos sold 1,640 shares of the firm’s stock in a transaction on Friday, November 9th. The shares were sold at an average price of $367.52, for a total value of $602,732.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Diana L. Sands sold 5,000 shares of the firm’s stock in a transaction on Monday, October 29th. The stock was sold at an average price of $350.07, for a total transaction of $1,750,350.00. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by company insiders.
Shares of Boeing stock opened at $317.70 on Wednesday. Boeing Co has a 1 year low of $264.53 and a 1 year high of $394.28. The company has a current ratio of 1.10, a quick ratio of 0.32 and a debt-to-equity ratio of 8.07. The firm has a market cap of $182.26 billion, a price-to-earnings ratio of 20.91, a price-to-earnings-growth ratio of 1.60 and a beta of 1.30.
Boeing (NYSE:BA) last released its earnings results on Wednesday, October 24th. The aircraft producer reported $3.58 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.47 by $0.11. Boeing had a net margin of 10.36% and a negative return on equity of 4,176.41%. The company had revenue of $25.15 billion during the quarter, compared to analysts’ expectations of $23.84 billion. During the same quarter last year, the business earned $2.72 EPS. The business’s revenue was up 3.8% on a year-over-year basis. On average, research analysts forecast that Boeing Co will post 15.05 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 7th. Stockholders of record on Friday, November 9th will be paid a $1.71 dividend. This represents a $6.84 annualized dividend and a dividend yield of 2.15%. The ex-dividend date is Thursday, November 8th. Boeing’s dividend payout ratio (DPR) is presently 56.81%.
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The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services worldwide. The company operates in four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.
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