The Boeing Company (NYSE:BA) Shares Purchased by Wulff Hansen & CO.

Wulff Hansen & CO. boosted its stake in shares of The Boeing Company (NYSE:BA) by 15,039.0% in the second quarter, HoldingsChannel.com reports. The fund owned 967,383 shares of the aircraft producer’s stock after purchasing an additional 960,993 shares during the period. Boeing makes up about 0.9% of Wulff Hansen & CO.’s investment portfolio, making the stock its 24th biggest position. Wulff Hansen & CO.’s holdings in Boeing were worth $176,073,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Boeing by 2.5% in the 1st quarter. Vanguard Group Inc. now owns 49,724,770 shares of the aircraft producer’s stock valued at $9,596,383,000 after purchasing an additional 1,222,816 shares during the last quarter. Capital Research Global Investors lifted its stake in shares of Boeing by 35.5% in the fourth quarter. Capital Research Global Investors now owns 16,880,647 shares of the aircraft producer’s stock worth $4,400,109,000 after buying an additional 4,425,964 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in Boeing by 23.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,823,006 shares of the aircraft producer’s stock worth $2,560,466,000 after acquiring an additional 1,884,850 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in Boeing by 1.4% during the second quarter. Massachusetts Financial Services Co. MA now owns 7,619,126 shares of the aircraft producer’s stock worth $1,386,757,000 after acquiring an additional 106,513 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in Boeing by 1.1% in the 4th quarter. Northern Trust Corp now owns 5,003,262 shares of the aircraft producer’s stock worth $1,304,150,000 after purchasing an additional 52,081 shares in the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on BA. Stifel Nicolaus increased their price target on Boeing from $230.00 to $235.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Wells Fargo & Company reaffirmed an “underweight” rating and issued a $119.00 target price (down from $185.00) on shares of Boeing in a research note on Tuesday, September 3rd. Bank of America boosted their price target on shares of Boeing from $180.00 to $200.00 and gave the company a “neutral” rating in a research report on Thursday, June 13th. UBS Group cut their price objective on shares of Boeing from $250.00 to $240.00 and set a “buy” rating for the company in a research report on Friday, June 7th. Finally, Baird R W raised shares of Boeing to a “strong-buy” rating in a research note on Monday, June 3rd. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $211.29.

Boeing Trading Down 0.8 %

Boeing stock opened at $155.54 on Tuesday. The firm has a market capitalization of $95.48 billion, a P/E ratio of -43.81 and a beta of 1.57. The stock’s fifty day simple moving average is $173.49 and its 200-day simple moving average is $178.70. The Boeing Company has a twelve month low of $154.02 and a twelve month high of $267.54.

Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share for the quarter, missing the consensus estimate of ($1.00) by ($1.90). The business had revenue of $16.87 billion during the quarter, compared to the consensus estimate of $17.35 billion. During the same quarter last year, the business posted ($0.82) EPS. Boeing’s revenue for the quarter was down 14.6% compared to the same quarter last year. Sell-side analysts predict that The Boeing Company will post -4.26 earnings per share for the current year.

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.