Dumont & Blake Investment Advisors LLC Purchases 1,540 Shares of The Boeing Company (NYSE:BA)

Dumont & Blake Investment Advisors LLC boosted its position in shares of The Boeing Company (NYSE:BA) by 36.4% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,774 shares of the aircraft producer’s stock after buying an additional 1,540 shares during the quarter. Dumont & Blake Investment Advisors LLC’s holdings in Boeing were worth $1,114,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in BA. Strategic Blueprint LLC lifted its stake in Boeing by 8.7% in the fourth quarter. Strategic Blueprint LLC now owns 3,295 shares of the aircraft producer’s stock worth $859,000 after acquiring an additional 264 shares during the period. U.S. Capital Wealth Advisors LLC boosted its stake in shares of Boeing by 41.5% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 15,761 shares of the aircraft producer’s stock valued at $4,108,000 after purchasing an additional 4,622 shares in the last quarter. Orca Investment Management LLC increased its position in shares of Boeing by 5.5% during the fourth quarter. Orca Investment Management LLC now owns 3,772 shares of the aircraft producer’s stock valued at $983,000 after buying an additional 195 shares during the period. One Charles Private Wealth Services LLC bought a new position in Boeing in the fourth quarter worth about $205,000. Finally, J.W. Cole Advisors Inc. lifted its holdings in Boeing by 5.8% in the fourth quarter. J.W. Cole Advisors Inc. now owns 29,133 shares of the aircraft producer’s stock worth $7,594,000 after buying an additional 1,596 shares during the period. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Stock Performance

NYSE BA traded down $0.50 on Friday, hitting $182.01. 5,899,850 shares of the stock were exchanged, compared to its average volume of 5,801,654. The Boeing Company has a 52-week low of $159.70 and a 52-week high of $267.54. The firm has a market capitalization of $111.73 billion, a P/E ratio of -51.27 and a beta of 1.55. The stock has a fifty day moving average price of $178.50 and a two-hundred day moving average price of $198.42.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, April 24th. The aircraft producer reported ($1.13) earnings per share (EPS) for the quarter, beating 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. Sell-side analysts expect that The Boeing Company will post -1.67 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

BA has been the topic of a number of recent research reports. UBS Group cut their target price on Boeing from $250.00 to $240.00 and set a “buy” rating on the stock in a research note on Friday, June 7th. Argus lowered Boeing from a “buy” rating to a “hold” rating in a research report on Tuesday, April 30th. Sanford C. Bernstein dropped their target price on shares of Boeing from $230.00 to $215.00 and set an “outperform” rating on the stock in a report on Monday, June 3rd. Royal Bank of Canada lowered their price target on Boeing from $225.00 to $215.00 and set an “outperform” rating on the stock in a report on Tuesday, April 16th. Finally, Citigroup cut their price objective on Boeing from $252.00 to $224.00 and set a “buy” rating for the company in a report on Thursday, April 25th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $220.89.

About Boeing

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.