Jessup Wealth Management Inc Has $585,000 Stake in The Boeing Company (NYSE:BA)

Jessup Wealth Management Inc raised its holdings in shares of The Boeing Company (NYSE:BA - Free Report) by 96.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,431 shares of the aircraft producer's stock after acquiring an additional 1,684 shares during the period. Jessup Wealth Management Inc's holdings in Boeing were worth $585,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in BA. American National Bank & Trust increased its stake in shares of Boeing by 474.1% during the first quarter. American National Bank & Trust now owns 155 shares of the aircraft producer's stock valued at $26,000 after acquiring an additional 128 shares during the period. REAP Financial Group LLC increased its stake in shares of Boeing by 60.2% during the fourth quarter. REAP Financial Group LLC now owns 173 shares of the aircraft producer's stock valued at $31,000 after acquiring an additional 65 shares during the period. Dogwood Wealth Management LLC increased its stake in shares of Boeing by 167.2% during the fourth quarter. Dogwood Wealth Management LLC now owns 179 shares of the aircraft producer's stock valued at $32,000 after acquiring an additional 112 shares during the period. Solstein Capital LLC acquired a new position in shares of Boeing during the fourth quarter valued at approximately $33,000. Finally, Heck Capital Advisors LLC acquired a new position in shares of Boeing during the fourth quarter valued at approximately $33,000. Institutional investors own 64.82% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently commented on BA shares. Melius upgraded shares of Boeing from a "hold" rating to a "buy" rating in a research note on Monday, March 24th. TD Securities lowered shares of Boeing to a "cautious" rating in a research report on Thursday, May 22nd. Bank of America upgraded shares of Boeing from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $185.00 to $260.00 in a research report on Monday, June 2nd. Melius Research set a $204.00 price objective on Boeing in a research report on Monday, March 24th. Finally, Rothschild & Co Redburn upgraded Boeing from a "neutral" rating to a "buy" rating and set a $275.00 price objective for the company in a research report on Friday, June 27th. Four equities research analysts have rated the stock with a sell rating, three have given a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $215.77.

Boeing Price Performance

Shares of BA stock traded up $2.50 on Monday, hitting $218.42. The company's stock had a trading volume of 5,799,998 shares, compared to its average volume of 9,482,294. The Boeing Company has a fifty-two week low of $128.88 and a fifty-two week high of $218.80. The firm's fifty day moving average price is $202.13 and its 200-day moving average price is $181.45. The stock has a market capitalization of $164.69 billion, a price-to-earnings ratio of -12.19 and a beta of 1.41.

Boeing (NYSE:BA - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.39) by $0.90. The business had revenue of $19.50 billion during the quarter, compared to analyst estimates of $19.57 billion. During the same period in the previous year, the firm posted ($1.13) EPS. The firm's revenue for the quarter was up 17.7% on a year-over-year basis. Analysts predict that The Boeing Company will post -2.58 EPS for the current fiscal year.

Insider Activity at Boeing

In related news, EVP Jeffrey S. Shockey sold 3,205 shares of Boeing stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $202.87, for a total value of $650,198.35. Following the completion of the sale, the executive vice president owned 20,513 shares of the company's stock, valued at approximately $4,161,472.31. The trade was a 13.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Brendan J. Nelson sold 640 shares of Boeing stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $206.28, for a total transaction of $132,019.20. Following the completion of the sale, the senior vice president directly owned 13,258 shares of the company's stock, valued at approximately $2,734,860.24. The trade was a 4.60% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,744 shares of company stock valued at $1,511,370. Insiders own 0.09% of the company's stock.

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.