Dumont & Blake Investment Advisors LLC lowered its stake in Boeing Company (The) (NYSE:BA) by 23.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,550 shares of the aircraft producer’s stock after selling 1,680 shares during the period. Dumont & Blake Investment Advisors LLC’s holdings in Boeing Company (The) were worth $982,000 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. Howe & Rusling Inc. increased its position in Boeing Company (The) by 0.3% in the first quarter. Howe & Rusling Inc. now owns 2,898 shares of the aircraft producer’s stock valued at $512,000 after buying an additional 9 shares during the last quarter. Vicus Capital increased its position in shares of Boeing Company (The) by 1.0% in the first quarter. Vicus Capital now owns 1,382 shares of the aircraft producer’s stock worth $244,000 after buying an additional 14 shares in the last quarter. Stillwater Investment Management LLC increased its position in shares of Boeing Company (The) by 0.8% in the first quarter. Stillwater Investment Management LLC now owns 1,995 shares of the aircraft producer’s stock worth $353,000 after buying an additional 16 shares in the last quarter. Sonata Capital Group Inc. increased its position in shares of Boeing Company (The) by 0.3% in the first quarter. Sonata Capital Group Inc. now owns 4,999 shares of the aircraft producer’s stock worth $884,000 after buying an additional 16 shares in the last quarter. Finally, McNamara Financial Services Inc. increased its position in shares of Boeing Company (The) by 0.8% in the first quarter. McNamara Financial Services Inc. now owns 2,184 shares of the aircraft producer’s stock worth $386,000 after buying an additional 17 shares in the last quarter. Institutional investors own 73.02% of the company’s stock.
Boeing Company (BA) opened at 208.24 on Wednesday. The company has a 50-day moving average price of $197.32 and a 200-day moving average price of $180.45. Boeing Company has a 12-month low of $126.31 and a 12-month high of $209.72. The firm has a market capitalization of $125.69 billion, a PE ratio of 25.66 and a beta of 1.12.
Boeing Company (The) (NYSE:BA) last issued its quarterly earnings data on Wednesday, April 26th. The aircraft producer reported $2.01 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.91 by $0.10. Boeing Company (The) had a net margin of 5.52% and a return on equity of 495.68%. The business had revenue of $20.98 billion during the quarter, compared to analysts’ expectations of $21.27 billion. During the same period last year, the company posted $1.74 EPS. The company’s revenue was down 7.3% on a year-over-year basis. On average, analysts predict that Boeing Company will post $9.39 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 11th will be paid a dividend of $1.42 per share. The ex-dividend date is Wednesday, August 9th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.73%. Boeing Company (The)’s dividend payout ratio (DPR) is 69.61%.
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A number of research analysts have recently issued reports on the company. Zacks Investment Research downgraded Boeing Company (The) from a “buy” rating to a “hold” rating in a report on Thursday, July 13th. Vetr downgraded Boeing Company (The) from a “buy” rating to a “hold” rating and set a $205.82 price target on the stock. in a report on Tuesday, July 4th. ValuEngine upgraded Boeing Company (The) from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Barclays PLC lifted their price target on Boeing Company (The) from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Monday, May 22nd. Finally, Gabelli reiterated a “buy” rating on shares of Boeing Company (The) in a report on Friday, April 7th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $183.45.
In other Boeing Company (The) news, SVP Timothy John Keating sold 32,500 shares of Boeing Company (The) stock in a transaction that occurred on Friday, May 5th. The shares were sold at an average price of $184.51, for a total value of $5,996,575.00. Following the completion of the sale, the senior vice president now directly owns 107,437 shares of the company’s stock, valued at approximately $19,823,200.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP J Michael Luttig sold 7,986 shares of Boeing Company (The) stock in a transaction that occurred on Tuesday, May 2nd. The stock was sold at an average price of $183.78, for a total transaction of $1,467,667.08. Following the completion of the sale, the executive vice president now directly owns 39,251 shares of the company’s stock, valued at $7,213,548.78. The disclosure for this sale can be found here. Over the last three months, insiders have sold 63,403 shares of company stock valued at $11,666,138. Corporate insiders own 0.28% of the company’s stock.
Boeing Company (The) Company Profile
The Boeing Company is an aerospace company. The Company’s segments include Commercial Airplanes; Defense, Space & Security (BDS), such as Boeing Military Aircraft (BMA), Network & Space Systems (N&SS) and Global Services & Support (GS&S), and Boeing Capital (BCC). The Commercial Airplanes segment develops, produces and markets commercial jet aircraft and provides related support services, to the commercial airline industry.
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