Dumont & Blake Investment Advisors LLC Reduces Holdings in The Boeing Company (NYSE:BA)

Dumont & Blake Investment Advisors LLC trimmed its position in shares of The Boeing Company (NYSE:BAFree Report) by 5.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,234 shares of the aircraft producer’s stock after selling 250 shares during the quarter. Dumont & Blake Investment Advisors LLC’s holdings in Boeing were worth $1,104,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in BA. Bollard Group LLC grew its stake in Boeing by 10.6% during the 2nd quarter. Bollard Group LLC now owns 469 shares of the aircraft producer’s stock worth $99,000 after buying an additional 45 shares during the last quarter. Trust Co. of Vermont lifted its position in Boeing by 1.0% during the 3rd quarter. Trust Co. of Vermont now owns 4,389 shares of the aircraft producer’s stock worth $841,000 after acquiring an additional 45 shares during the period. Benchmark Financial Wealth Advisors LLC lifted its position in Boeing by 2.7% during the 4th quarter. Benchmark Financial Wealth Advisors LLC now owns 1,785 shares of the aircraft producer’s stock worth $465,000 after acquiring an additional 47 shares during the period. Waverly Advisors LLC lifted its holdings in shares of Boeing by 0.6% in the 4th quarter. Waverly Advisors LLC now owns 8,015 shares of the aircraft producer’s stock valued at $1,527,000 after buying an additional 49 shares during the period. Finally, WealthPlan Investment Management LLC lifted its holdings in shares of Boeing by 1.0% in the 4th quarter. WealthPlan Investment Management LLC now owns 4,716 shares of the aircraft producer’s stock valued at $1,229,000 after buying an additional 49 shares during the period. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Benchmark reaffirmed a “buy” rating and set a $250.00 price objective on shares of Boeing in a report on Tuesday, March 26th. William Blair assumed coverage on Boeing in a research report on Tuesday, December 12th. They issued an “outperform” rating for the company. The Goldman Sachs Group lowered their price objective on Boeing from $268.00 to $257.00 and set a “buy” rating for the company in a research report on Monday, March 25th. Edward Jones downgraded Boeing from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Finally, Citigroup lowered their price target on Boeing from $263.00 to $252.00 and set a “buy” rating for the company in a research report on Thursday, March 28th. Nine research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $241.53.

Get Our Latest Stock Report on BA

Boeing Stock Performance

Shares of NYSE:BA traded down $3.39 during trading on Wednesday, hitting $184.65. The company’s stock had a trading volume of 5,069,329 shares, compared to its average volume of 10,156,667. The company has a market capitalization of $112.66 billion, a PE ratio of -51.06, a PEG ratio of 47.58 and a beta of 1.52. The Boeing Company has a fifty-two week low of $176.25 and a fifty-two week high of $267.54. The stock’s 50-day moving average price is $198.80 and its two-hundred day moving average price is $209.32.

Boeing (NYSE:BAGet Free Report) last announced its quarterly earnings data on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share for the quarter, beating the consensus estimate of ($0.72) by $0.25. The firm had revenue of $22.02 billion during the quarter, compared to the consensus estimate of $21.14 billion. The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period in the prior year, the firm earned ($1.75) earnings per share. On average, equities analysts predict that The Boeing Company will post 1 earnings per share for the current fiscal year.

About Boeing

(Free Report)

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through Commercial Airplanes; Defense, Space & Security; and Global Services segments.

See Also

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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