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

Dumont & Blake Investment Advisors LLC increased its stake in shares of The Boeing Company (NYSE:BA) by 36.4% in the 1st quarter, HoldingsChannel reports. The firm owned 5,774 shares of the aircraft producer’s stock after purchasing an additional 1,540 shares during the period. Dumont & Blake Investment Advisors LLC’s holdings in Boeing were worth $1,114,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Vermillion & White Wealth Management Group LLC purchased a new position in Boeing in the fourth quarter valued at $26,000. DiNuzzo Private Wealth Inc. acquired a new position in shares of Boeing during the 4th quarter worth about $28,000. Evolution Advisers Inc. purchased a new position in shares of Boeing in the 4th quarter valued at about $28,000. Vima LLC acquired a new stake in shares of Boeing during the 4th quarter worth about $34,000. Finally, Accent Capital Management LLC purchased a new stake in Boeing during the fourth quarter worth approximately $39,000. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on BA shares. Bank of America raised their price objective on shares of Boeing from $180.00 to $200.00 and gave the stock a “neutral” rating in a report on Thursday, June 13th. Baird R W upgraded shares of Boeing to a “strong-buy” rating in a research note on Monday, June 3rd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $225.00 price objective on shares of Boeing in a research note on Tuesday, June 25th. Melius Research reiterated a “hold” rating on shares of Boeing in a research report on Monday, April 1st. Finally, UBS Group decreased their target price on Boeing from $250.00 to $240.00 and set a “buy” rating for the company in a research report on Friday, June 7th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Boeing has a consensus rating of “Moderate Buy” and an average price target of $220.89.

Boeing Price Performance

NYSE:BA traded down $0.50 during trading hours on Friday, reaching $182.01. 5,899,850 shares of the company traded hands, compared to its average volume of 5,801,654. The firm’s 50-day moving average is $178.50 and its 200-day moving average is $198.42. The stock has a market cap of $111.73 billion, a P/E ratio of -51.27 and a beta of 1.55. The Boeing Company has a 1-year low of $159.70 and a 1-year high of $267.54.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, April 24th. The aircraft producer reported ($1.13) EPS for the quarter, topping analysts’ consensus estimates of ($1.43) by $0.30. The company had revenue of $16.57 billion for the quarter, compared to analysts’ expectations of $17.69 billion. As a group, research analysts predict that The Boeing Company will post -1.67 earnings per share for the current 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.