1,961 Shares in The Boeing Company (NYSE:BA) Acquired by Jacksonville Wealth Management LLC

Jacksonville Wealth Management LLC purchased a new position in The Boeing Company (NYSE:BA) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,961 shares of the aircraft producer’s stock, valued at approximately $347,000.

A number of other large investors have also modified their holdings of the stock. Sugar Maple Asset Management LLC purchased a new stake in Boeing during the 4th quarter worth about $27,000. RPg Family Wealth Advisory LLC purchased a new stake in shares of Boeing in the 3rd quarter valued at approximately $28,000. Cedar Wealth Management LLC acquired a new stake in shares of Boeing in the 3rd quarter valued at $30,000. Planning Capital Management Corp lifted its position in shares of Boeing by 741.0% during the 3rd quarter. Planning Capital Management Corp now owns 328 shares of the aircraft producer’s stock worth $50,000 after purchasing an additional 289 shares during the last quarter. Finally, Albion Financial Group UT grew its stake in shares of Boeing by 116.1% during the fourth quarter. Albion Financial Group UT now owns 296 shares of the aircraft producer’s stock worth $52,000 after purchasing an additional 159 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Price Performance

BA stock opened at $175.95 on Friday. The Boeing Company has a 12 month low of $137.03 and a 12 month high of $214.63. The firm has a market capitalization of $108.77 billion, a PE ratio of -13.64 and a beta of 1.52. The company’s 50 day simple moving average is $166.42 and its 200-day simple moving average is $164.56.

Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The business had revenue of $17.84 billion during the quarter, compared to the consensus estimate of $17.81 billion. During the same period in the previous year, the business earned ($3.26) EPS. The business’s revenue was down 1.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that The Boeing Company will post -16.39 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on BA. Deutsche Bank Aktiengesellschaft raised their price target on Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, January 2nd. Northcoast Research upgraded shares of Boeing from a “sell” rating to a “neutral” rating in a research note on Thursday, December 12th. Robert W. Baird dropped their price target on Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. TD Cowen decreased their price objective on Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Finally, Barclays raised Boeing from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $190.00 to $210.00 in a report on Monday, January 6th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $192.11.

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.