Dumont & Blake Investment Advisors LLC reduced its stake in shares of Boeing Company (The) (NYSE:BA) by 23.2% during the first quarter, according to its most recent Form 13F filing with the SEC. 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 SEC filing.
Other large investors also recently modified their holdings of the company. Cigna Investments Inc. New purchased a new position in shares of Boeing Company (The) during the fourth quarter worth approximately $3,339,000. CHURCHILL MANAGEMENT Corp increased its stake in Boeing Company (The) by 100.7% in the first quarter. CHURCHILL MANAGEMENT Corp now owns 38,289 shares of the aircraft producer’s stock worth $6,772,000 after buying an additional 19,213 shares during the last quarter. GLG LLC bought a new stake in Boeing Company (The) during the fourth quarter worth $4,988,000. American National Bank increased its stake in Boeing Company (The) by 30.6% in the first quarter. American National Bank now owns 28,410 shares of the aircraft producer’s stock worth $5,025,000 after buying an additional 6,661 shares during the last quarter. Finally, Alyeska Investment Group L.P. bought a new stake in Boeing Company (The) during the fourth quarter worth $8,027,000. Institutional investors and hedge funds own 73.04% of the company’s stock.
Boeing Company (NYSE:BA) opened at 241.27 on Friday. The stock has a market capitalization of $145.63 billion, a price-to-earnings ratio of 29.73 and a beta of 1.12. The stock’s 50 day moving average is $204.97 and its 200-day moving average is $183.62. Boeing Company has a 52-week low of $126.31 and a 52-week high of $242.68. Boeing Company (The) also saw some unusual options trading activity on Wednesday. Traders bought 33,951 put options on the company. This is an increase of approximately 454% compared to the typical daily volume of 6,133 put options.
Boeing Company (The) (NYSE:BA) last posted its earnings results on Wednesday, July 26th. The aircraft producer reported $2.55 EPS for the quarter, beating the Zacks’ consensus estimate of $2.32 by $0.23. Boeing Company (The) had a net margin of 7.84% and a return on equity of 2,185.10%. The company had revenue of $22.74 billion for the quarter, compared to analysts’ expectations of $22.97 billion. During the same quarter in the prior year, the company posted ($0.44) earnings per share. Boeing Company (The)’s revenue for the quarter was down 8.1% compared to the same quarter last year. Equities research analysts anticipate that Boeing Company will post $9.80 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 11th will be given a dividend of $1.42 per share. The ex-dividend date is Wednesday, August 9th. This represents a $5.68 annualized dividend and a dividend yield of 2.35%. Boeing Company (The)’s dividend payout ratio is presently 49.74%.
A number of analysts recently weighed in on the company. Credit Suisse Group restated a “sell” rating on shares of Boeing Company (The) in a report on Friday. Buckingham Research upgraded Boeing Company (The) from an “underperform” rating to a “neutral” rating in a report on Friday. TheStreet upgraded Boeing Company (The) from a “c+” rating to a “b” rating in a report on Wednesday. Vertical Research reiterated a “hold” rating and set a $242.00 price target (up from $187.00) on shares of Boeing Company (The) in a report on Thursday. Finally, Sanford C. Bernstein set a $274.00 price target on Boeing Company (The) and gave the stock a “buy” rating in a report on Thursday. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and fourteen have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $214.78.
In related news, SVP Bertrand Marc Allen sold 15,470 shares of the firm’s stock in a transaction that occurred on Tuesday, May 2nd. The shares were sold at an average price of $183.62, for a total value of $2,840,601.40. Following the sale, the senior vice president now owns 43,801 shares of the company’s stock, valued at $8,042,739.62. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Gregory L. Hyslop sold 5,047 shares of the firm’s stock in a transaction that occurred on Wednesday, May 3rd. The shares were sold at an average price of $182.83, for a total transaction of $922,743.01. Following the completion of the sale, the senior vice president now directly owns 8,829 shares in the company, valued at approximately $1,614,206.07. The disclosure for this sale can be found here. Insiders have sold 63,403 shares of company stock worth $11,666,138 in the last three months. Corporate insiders own 0.28% of the company’s stock.
About Boeing Company (The)
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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