Dumont Blake Investment Advisors Lowers stake in Boeing Co (BA)

Boeing Co (BA) : Dumont Blake Investment Advisors reduced its stake in Boeing Co by 1.65% during the most recent quarter end. The investment management company now holds a total of 7,440 shares of Boeing Co which is valued at $975,012 after selling 125 shares in Boeing Co , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.Boeing Co makes up approximately 0.50% of Dumont Blake Investment Advisors’s portfolio.

Boeing Co opened for trading at $133.2 and hit $137.89 on the upside on Wednesday, eventually ending the session at $137.08, with a gain of 2.88% or 3.84 points. The heightened volatility saw the trading volume jump to 69,30,830 shares. Company has a market cap of $90,816 M.

Other Hedge Funds, Including , Guinness Atkinson Asset Management Inc boosted its stake in BA in the latest quarter, The investment management firm added 3,200 additional shares and now holds a total of 41,940 shares of Boeing Co which is valued at $5,499,592. Boeing Co makes up approx 3.37% of Guinness Atkinson Asset Management Inc’s portfolio.Lynch Associatesin boosted its stake in BA in the latest quarter, The investment management firm added 1,850 additional shares and now holds a total of 11,340 shares of Boeing Co which is valued at $1,487,014. Boeing Co makes up approx 0.70% of Lynch Associatesin’s portfolio.Central Bank Trust Co reduced its stake in BA by selling 222 shares or 41.26% in the most recent quarter. The Hedge Fund company now holds 316 shares of BA which is valued at $41,437. Boeing Co makes up approx 0.01% of Central Bank Trust Co’s portfolio.Vigilant Capital Management reduced its stake in BA by selling 75 shares or 9.72% in the most recent quarter. The Hedge Fund company now holds 697 shares of BA which is valued at $89,153. Boeing Co makes up approx 0.02% of Vigilant Capital Management’s portfolio.

On the company’s financial health, Boeing Co reported $1.74 EPS for the quarter, missing the analyst consensus estimate by $ -0.10 based on the information available during the earnings call on Apr 27, 2016. Analyst had a consensus of $1.84. The company had revenue of $22632.00 million for the quarter, compared to analysts expectations of $21497.36 million. The company’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.97 EPS.

Many Wall Street Analysts have commented on Boeing Co. Boeing Co was Downgraded by BofA/Merrill to ” Underperform” on Apr 20, 2016. Shares were Downgraded by Canaccord Genuity on Mar 3, 2016 to ” Hold” and Lowered the Price Target to $ 135 from a previous price target of $150 .Boeing Co was Upgraded by Buckingham Research to ” Neutral” on Feb 18, 2016.

The Boeing Company together with its subsidiaries is an aerospace company. The Company operates through five segments: Commercial Airplanes Boeing Military Aircraft (BMA) Network & Space Systems (N&SS) Global Services & Support (GS&S) and Boeing Capital (BCC). The Defense Space & Security (BDS) business includes BMA N&SS and GS&S. The Commercial Airplanes segment develops produces and markets commercial jet aircraft and provides related support services. The BMA segment is engaged in the research development production and modification of manned and unmanned military aircraft and weapons systems for global strike. The N&SS segment is engaged in the research development production and modification of the products and related services. The GS&S segment provides a range of support solutions. The BCC segment’s portfolio consists of equipment under operating leases finance leases notes and other receivables assets held for sale or re-lease and investments.

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