Wulff Hansen & CO. Purchases 960,993 Shares of The Boeing Company (NYSE:BA)

Wulff Hansen & CO. lifted its position in The Boeing Company (NYSE:BA) by 15,039.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 967,383 shares of the aircraft producer’s stock after acquiring an additional 960,993 shares during the quarter. Boeing accounts for approximately 0.9% of Wulff Hansen & CO.’s investment portfolio, making the stock its 24th largest holding. Wulff Hansen & CO. owned approximately 0.16% of Boeing worth $176,073,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in BA. Citizens Financial Group Inc. RI raised its holdings in shares of Boeing by 11.0% in the 2nd quarter. Citizens Financial Group Inc. RI now owns 31,252 shares of the aircraft producer’s stock valued at $5,688,000 after purchasing an additional 3,101 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Boeing by 8.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,277,289 shares of the aircraft producer’s stock worth $232,479,000 after buying an additional 98,973 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in Boeing by 1.4% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 7,619,126 shares of the aircraft producer’s stock valued at $1,386,757,000 after acquiring an additional 106,513 shares in the last quarter. Keene & Associates Inc. increased its holdings in shares of Boeing by 12.4% in the 2nd quarter. Keene & Associates Inc. now owns 2,313 shares of the aircraft producer’s stock valued at $421,000 after acquiring an additional 255 shares during the period. Finally, Brown Brothers Harriman & Co. raised its position in shares of Boeing by 435.8% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 27,295 shares of the aircraft producer’s stock worth $4,968,000 after acquiring an additional 22,201 shares in the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Boeing Trading Down 0.8 %

Shares of BA stock opened at $155.54 on Tuesday. The Boeing Company has a twelve month low of $154.02 and a twelve month high of $267.54. The stock has a 50 day moving average of $173.49 and a 200 day moving average of $178.70. The stock has a market cap of $95.48 billion, a P/E ratio of -43.81 and a beta of 1.57.

Boeing (NYSE:BA) last posted its earnings results on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.00) by ($1.90). The company had revenue of $16.87 billion for the quarter, compared to analysts’ expectations of $17.35 billion. Boeing’s revenue for the quarter was down 14.6% on a year-over-year basis. During the same period in the prior year, the company posted ($0.82) EPS. On average, research analysts predict that The Boeing Company will post -4.26 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on BA. Sanford C. Bernstein dropped their price objective on Boeing from $222.00 to $207.00 and set an “outperform” rating on the stock in a research report on Monday, August 5th. Susquehanna reaffirmed a “positive” rating and issued a $230.00 price objective on shares of Boeing in a research report on Wednesday, August 14th. Stifel Nicolaus increased their target price on shares of Boeing from $230.00 to $235.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. UBS Group cut their price target on shares of Boeing from $250.00 to $240.00 and set a “buy” rating on the stock in a report on Friday, June 7th. Finally, Bank of America increased their price objective on Boeing from $180.00 to $200.00 and gave the company a “neutral” rating in a report on Thursday, June 13th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $211.29.

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.