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

Wulff Hansen & CO. lowered its position in The Boeing Company (NYSE:BA) by 16.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,315 shares of the aircraft producer’s stock after selling 1,075 shares during the quarter. Wulff Hansen & CO.’s holdings in Boeing were worth $967,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Capital Research Global Investors increased its position in Boeing by 35.5% in the 4th quarter. Capital Research Global Investors now owns 16,880,647 shares of the aircraft producer’s stock valued at $4,400,109,000 after acquiring an additional 4,425,964 shares during the period. Wellington Management Group LLP lifted its holdings in Boeing by 563.9% in the fourth quarter. Wellington Management Group LLP now owns 3,439,093 shares of the aircraft producer’s stock worth $896,434,000 after purchasing an additional 2,921,043 shares during the period. Price T Rowe Associates Inc. MD grew its position in Boeing by 23.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,823,006 shares of the aircraft producer’s stock valued at $2,560,466,000 after buying an additional 1,884,850 shares in the last quarter. Global Assets Advisory LLC bought a new stake in shares of Boeing during the 1st quarter worth about $272,312,000. Finally, Vanguard Group Inc. boosted its holdings in shares of Boeing by 2.5% in the first quarter. Vanguard Group Inc. now owns 49,724,770 shares of the aircraft producer’s stock valued at $9,596,383,000 after acquiring an additional 1,222,816 shares in the last quarter. Institutional investors own 64.82% of the company’s stock.

Boeing Stock Performance

BA stock opened at $156.30 on Tuesday. The stock has a market cap of $95.95 billion, a P/E ratio of -44.03 and a beta of 1.57. The firm has a 50 day simple moving average of $170.76 and a 200 day simple moving average of $177.08. The Boeing Company has a 52 week low of $151.65 and a 52 week high of $267.54.

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

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Baird R W raised Boeing to a “strong-buy” rating in a research note on Monday, June 3rd. Stifel Nicolaus lifted their target price on Boeing from $230.00 to $235.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Susquehanna reissued a “positive” rating and issued a $230.00 price target on shares of Boeing in a report on Wednesday, August 14th. UBS Group lowered their price objective on shares of Boeing from $250.00 to $240.00 and set a “buy” rating on the stock in a research note on Friday, June 7th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $225.00 target price on shares of Boeing in a research note on Tuesday, June 25th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $212.89.

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.