Wulff Hansen & CO. Trims Position in The Boeing Company (NYSE:BA)

Wulff Hansen & CO. lowered its holdings in The Boeing Company (NYSE:BA) by 16.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,315 shares of the aircraft producer’s stock after selling 1,075 shares during the period. Wulff Hansen & CO.’s holdings in Boeing were worth $967,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Vermillion & White Wealth Management Group LLC acquired a new position in shares of Boeing in the 4th quarter valued at $26,000. Kiely Wealth Advisory Group Inc. acquired a new position in Boeing in the second quarter valued at $33,000. Vima LLC purchased a new stake in Boeing during the fourth quarter valued at about $34,000. Hobbs Group Advisors LLC acquired a new stake in Boeing during the second quarter worth about $34,000. Finally, McClarren Financial Advisors Inc. raised its holdings in shares of Boeing by 451.4% in the 1st quarter. McClarren Financial Advisors Inc. now owns 193 shares of the aircraft producer’s stock worth $37,000 after purchasing an additional 158 shares during the period. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Boeing Price Performance

Shares of BA opened at $156.30 on Tuesday. The Boeing Company has a 12-month low of $151.65 and a 12-month high of $267.54. The business’s fifty day moving average price is $170.76 and its 200 day moving average price is $177.08. The stock has a market capitalization of $95.95 billion, a PE ratio of -44.03 and a beta of 1.57.

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 period in the previous year, the business earned ($0.82) earnings per share. The business’s revenue for the quarter was down 14.6% on a year-over-year basis. As a group, research analysts anticipate that The Boeing Company will post -4.26 earnings per share for the current fiscal year.

Analyst Ratings Changes

BA has been the subject of a number of research analyst reports. Susquehanna reissued a “positive” rating and set a $230.00 target price on shares of Boeing in a research report on Wednesday, August 14th. UBS Group reduced their target price 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. Robert W. Baird decreased their price target on shares of Boeing from $300.00 to $240.00 and set an “outperform” rating for the company in a research report on Monday, June 3rd. Stifel Nicolaus raised their price objective on Boeing from $230.00 to $235.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $225.00 target price on shares of Boeing in a research report on Tuesday, June 25th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $212.89.

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.