Dumont & Blake Investment Advisors LLC Purchases 167 Shares of The Boeing Company $BA

Dumont & Blake Investment Advisors LLC raised its position in shares of The Boeing Company (NYSE:BA) by 3.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,557 shares of the aircraft producer’s stock after purchasing an additional 167 shares during the period. Dumont & Blake Investment Advisors LLC’s holdings in Boeing were worth $1,164,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Harbor Asset Planning Inc. bought a new position in shares of Boeing in the second quarter worth $25,000. Piscataqua Savings Bank boosted its holdings in shares of Boeing by 1,712.5% in the second quarter. Piscataqua Savings Bank now owns 145 shares of the aircraft producer’s stock worth $30,000 after acquiring an additional 137 shares during the period. Monetary Management Group Inc. boosted its holdings in shares of Boeing by 33.3% in the first quarter. Monetary Management Group Inc. now owns 200 shares of the aircraft producer’s stock worth $34,000 after acquiring an additional 50 shares during the period. Keener Financial Planning LLC bought a new position in shares of Boeing in the second quarter worth $41,000. Finally, Columbia River Financial Group LLC bought a new position in shares of Boeing in the first quarter worth $50,000. 64.82% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $250.00 price target on shares of Boeing in a report on Monday, September 29th. Barclays lifted their price objective on Boeing from $210.00 to $255.00 and gave the company an “overweight” rating in a research note on Tuesday, July 29th. JPMorgan Chase & Co. lifted their price objective on Boeing from $230.00 to $251.00 and gave the company an “overweight” rating in a research note on Wednesday, July 30th. Morgan Stanley reissued an “equal weight” rating on shares of Boeing in a research note on Monday, July 28th. Finally, Susquehanna reissued a “positive” rating and set a $270.00 price objective on shares of Boeing in a research note on Monday, September 15th. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, two have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $240.20.

Boeing Stock Up 0.6%

NYSE BA opened at $213.09 on Friday. The stock’s 50-day simple moving average is $223.10 and its two-hundred day simple moving average is $207.83. The Boeing Company has a twelve month low of $128.88 and a twelve month high of $242.69. The company has a market capitalization of $161.13 billion, a price-to-earnings ratio of -12.91 and a beta of 1.47.

Boeing (NYSE:BA) last released its quarterly earnings results on Tuesday, July 29th. The aircraft producer reported ($1.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.92) by ($0.32). The business had revenue of $22.75 billion during the quarter, compared to analyst estimates of $20.13 billion. During the same quarter last year, the firm earned ($2.90) EPS. The firm’s quarterly revenue was up 34.9% on a year-over-year basis. On average, equities analysts expect that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Insider Transactions at Boeing

In other news, EVP David Christopher Raymond sold 3,771 shares of Boeing stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $229.94, for a total value of $867,103.74. Following the transaction, the executive vice president owned 35,873 shares in the company, valued at approximately $8,248,637.62. The trade was a 9.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mortimer J. Buckley acquired 2,200 shares of the firm’s stock in a transaction dated Tuesday, August 19th. The stock was bought at an average price of $226.10 per share, for a total transaction of $497,420.00. Following the acquisition, the director owned 2,200 shares of the company’s stock, valued at approximately $497,420. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.09% of the company’s stock.

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.