Vise Technologies Inc. Invests $1.90 Million in The Boeing Company $BA

Vise Technologies Inc. bought a new stake in The Boeing Company (NYSE:BA) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 9,072 shares of the aircraft producer’s stock, valued at approximately $1,901,000.

Several other hedge funds also recently modified their holdings of BA. Harbor Asset Planning Inc. purchased a new position in Boeing during the 2nd quarter worth $25,000. Piscataqua Savings Bank raised its holdings in shares of Boeing by 1,712.5% in the second quarter. Piscataqua Savings Bank now owns 145 shares of the aircraft producer’s stock valued at $30,000 after purchasing an additional 137 shares during the last quarter. Decker Retirement Planning Inc. bought a new position in shares of Boeing during the second quarter valued at about $35,000. IMG Wealth Management Inc. boosted its holdings in Boeing by 159.4% during the second quarter. IMG Wealth Management Inc. now owns 179 shares of the aircraft producer’s stock worth $38,000 after purchasing an additional 110 shares during the last quarter. Finally, Legacy Investment Solutions LLC purchased a new position in Boeing during the second quarter worth about $39,000. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Stock Performance

Shares of Boeing stock opened at $195.23 on Wednesday. The stock has a market capitalization of $148.39 billion, a P/E ratio of -14.27 and a beta of 1.44. The Boeing Company has a 52-week low of $128.88 and a 52-week high of $242.69. The stock’s 50-day simple moving average is $215.00 and its 200 day simple moving average is $214.64.

Boeing (NYSE:BA) last posted its earnings results on Wednesday, October 29th. The aircraft producer reported ($7.47) earnings per share for the quarter, missing the consensus estimate of ($0.51) by ($6.96). The firm had revenue of $23.27 billion for the quarter, compared to analysts’ expectations of $21.61 billion. During the same period last year, the firm earned ($10.44) EPS. The firm’s quarterly revenue was up 30.4% on a year-over-year basis. Equities research analysts forecast that The Boeing Company will post -2.58 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. UBS Group reiterated a “buy” rating on shares of Boeing in a research note on Thursday, October 30th. Sanford C. Bernstein lifted their price target on Boeing from $249.00 to $282.00 and gave the stock an “outperform” rating in a report on Thursday, October 2nd. Barclays boosted their price objective on Boeing from $210.00 to $255.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 29th. Morgan Stanley reaffirmed an “equal weight” rating on shares of Boeing in a research report on Monday, July 28th. Finally, Zacks Research cut Boeing from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 29th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have assigned a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $241.05.

Insider Activity at Boeing

In other news, EVP Uma M. Amuluru sold 1,366 shares of Boeing stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $197.66, for a total value of $270,003.56. Following the completion of the transaction, the executive vice president directly owned 14,656 shares in the company, valued at approximately $2,896,904.96. The trade was a 8.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mortimer J. Buckley acquired 2,200 shares of the firm’s stock in a transaction that occurred on Tuesday, August 19th. The shares were bought at an average price of $226.10 per share, for a total transaction of $497,420.00. Following the completion of the purchase, the director owned 2,200 shares in the company, valued at $497,420. This trade represents a ? increase in their position. The SEC filing for this purchase provides additional information. 0.09% of the stock is currently owned by company insiders.

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.