Jessup Wealth Management Inc Makes New Investment in The Boeing Company (NYSE:BA)

Jessup Wealth Management Inc acquired a new position in The Boeing Company (NYSE:BA) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,747 shares of the aircraft producer’s stock, valued at approximately $309,000.

Other institutional investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC raised its holdings in shares of Boeing by 90.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 71,090 shares of the aircraft producer’s stock valued at $10,809,000 after purchasing an additional 33,695 shares during the period. Calton & Associates Inc. bought a new position in shares of Boeing in the third quarter valued at $270,000. Sequoia Financial Advisors LLC increased its position in shares of Boeing by 10.4% during the third quarter. Sequoia Financial Advisors LLC now owns 23,217 shares of the aircraft producer’s stock worth $3,530,000 after acquiring an additional 2,179 shares in the last quarter. Eastern Bank boosted its stake in Boeing by 154.0% during the 3rd quarter. Eastern Bank now owns 12,120 shares of the aircraft producer’s stock valued at $1,843,000 after purchasing an additional 7,348 shares during the last quarter. Finally, Waldron Private Wealth LLC raised its stake in shares of Boeing by 9.3% in the third quarter. Waldron Private Wealth LLC now owns 5,431 shares of the aircraft producer’s stock worth $826,000 after purchasing an additional 461 shares during the last quarter. 64.82% of the stock is owned by institutional investors.

Boeing Price Performance

NYSE:BA opened at $186.20 on Thursday. The Boeing Company has a 1 year low of $137.03 and a 1 year high of $208.10. The company has a market cap of $139.66 billion, a P/E ratio of -10.16 and a beta of 1.52. The stock’s fifty day moving average price is $176.32 and its two-hundred day moving average price is $164.20.

Boeing (NYSE:BA) last announced its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same quarter in the previous year, the company posted ($0.47) earnings per share. On average, analysts expect that The Boeing Company will post -2.32 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on BA shares. Morgan Stanley decreased their price target on Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a report on Thursday, October 24th. Benchmark restated a “buy” rating and set a $250.00 price target on shares of Boeing in a report on Thursday, October 24th. Robert W. Baird dropped their target price on shares of Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft increased their price target on Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, January 2nd. Finally, Sanford C. Bernstein lowered Boeing from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $195.00 to $169.00 in a research report on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $195.16.

Boeing Company 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.