The Boeing Company (NYSE:BA) Shares Sold by Dumont & Blake Investment Advisors LLC

Dumont & Blake Investment Advisors LLC reduced its stake in shares of The Boeing Company (NYSE:BA) by 51.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,505 shares of the aircraft producer’s stock after selling 5,773 shares during the quarter. Dumont & Blake Investment Advisors LLC’s holdings in Boeing were worth $837,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of BA. Lazari Capital Management Inc. boosted its holdings in Boeing by 55.7% during the second quarter. Lazari Capital Management Inc. now owns 23,216 shares of the aircraft producer’s stock worth $4,226,000 after buying an additional 8,309 shares in the last quarter. Czech National Bank boosted its stake in shares of Boeing by 8.4% during the 3rd quarter. Czech National Bank now owns 119,243 shares of the aircraft producer’s stock worth $18,130,000 after acquiring an additional 9,281 shares in the last quarter. BSN CAPITAL PARTNERS Ltd acquired a new stake in shares of Boeing during the 3rd quarter valued at about $11,237,000. Sanctuary Advisors LLC purchased a new position in shares of Boeing in the 2nd quarter valued at about $21,405,000. Finally, Williams Financial LLC acquired a new position in Boeing in the 2nd quarter worth about $1,637,000. 64.82% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on BA shares. Jefferies Financial Group cut their price target on shares of Boeing from $270.00 to $240.00 and set a “buy” rating for the company in a report on Monday, September 23rd. Robert W. Baird lowered their price objective on Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a report on Thursday. Stifel Nicolaus boosted their price objective on Boeing from $230.00 to $235.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Wells Fargo & Company decreased their target price on Boeing from $109.00 to $86.00 and set an “underweight” rating on the stock in a research report on Thursday. Finally, Susquehanna dropped their price target on Boeing from $210.00 to $200.00 and set a “positive” rating for the company in a research report on Thursday. Three analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $191.79.

Boeing Price Performance

Shares of NYSE:BA traded up $0.79 during midday trading on Friday, reaching $155.99. 278,136 shares of the company’s stock were exchanged, compared to its average volume of 8,090,733. The stock has a market cap of $95.76 billion, a price-to-earnings ratio of -43.72 and a beta of 1.57. The Boeing Company has a fifty-two week low of $146.02 and a fifty-two week high of $267.54. The firm’s 50 day simple moving average is $160.61 and its two-hundred day simple moving average is $172.01.

Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The firm had revenue of $17.84 billion during the quarter, compared to analyst estimates of $17.81 billion. During the same period in the prior year, the company posted ($3.26) EPS. The firm’s revenue for the quarter was down 1.5% on a year-over-year basis. Equities research analysts predict that The Boeing Company will post -5.35 earnings per share for the current fiscal year.

Boeing Company Profile

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.