Jessup Wealth Management Inc Buys Shares of 1,747 The Boeing Company (NYSE:BA)

Jessup Wealth Management Inc bought a new stake in shares of The Boeing Company (NYSE:BA - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 1,747 shares of the aircraft producer's stock, valued at approximately $309,000.

Several other hedge funds have also bought and sold shares of the stock. Bryn Mawr Capital Management LLC lifted its position in Boeing by 57.4% during the fourth quarter. Bryn Mawr Capital Management LLC now owns 5,489 shares of the aircraft producer's stock valued at $972,000 after purchasing an additional 2,002 shares during the last quarter. Fagan Associates Inc. lifted its holdings in shares of Boeing by 9.9% in the 4th quarter. Fagan Associates Inc. now owns 32,425 shares of the aircraft producer's stock worth $5,739,000 after acquiring an additional 2,929 shares during the last quarter. Keene & Associates Inc. lifted its holdings in shares of Boeing by 51.1% in the 4th quarter. Keene & Associates Inc. now owns 3,562 shares of the aircraft producer's stock worth $630,000 after acquiring an additional 1,205 shares during the last quarter. Alberta Investment Management Corp bought a new stake in shares of Boeing in the 4th quarter worth approximately $3,052,000. Finally, Strata Wealth Advisors LLC bought a new stake in shares of Boeing in the 4th quarter worth approximately $217,000. 64.82% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on BA. Citigroup boosted their price objective on shares of Boeing from $207.00 to $210.00 and gave the stock a "buy" rating in a report on Monday, February 10th. Northcoast Research upgraded shares of Boeing from a "sell" rating to a "neutral" rating in a report on Thursday, December 12th. Susquehanna boosted their price objective on shares of Boeing from $200.00 to $205.00 and gave the stock a "positive" rating in a report on Wednesday, January 29th. Barclays upgraded shares of Boeing from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $190.00 to $210.00 in a report on Monday, January 6th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Boeing from $184.00 to $215.00 and gave the company a "buy" rating in a report on Thursday, January 2nd. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Boeing has a consensus rating of "Moderate Buy" and an average target price of $195.16.

Boeing Price Performance

BA stock traded down $3.56 during trading on Friday, hitting $177.32. 7,174,517 shares of the stock traded hands, compared to its average volume of 7,725,874. The Boeing Company has a 1 year low of $137.03 and a 1 year high of $208.10. The firm's 50 day moving average is $176.58 and its two-hundred day moving average is $164.32. The stock has a market cap of $133.00 billion, a price-to-earnings ratio of -9.69 and a beta of 1.52.

Boeing (NYSE:BA - Get Free Report) last announced its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same quarter in the prior year, the firm earned ($0.47) EPS. As a group, analysts anticipate that The Boeing Company will post -2.32 EPS for the current fiscal year.

Boeing Profile

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.