Aggressive’ Bullish Options Activity Seen in Boeing Co

 Aggressive' Bullish Options Activity Seen in Boeing Co

In today’s session Boeing Co (BA) registered an unusually high (303) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious BA increase. With 303 contracts traded and 2734 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: BA161021C00138000 closed last at: $0.26 or 10.3% down. About 1.69M shares traded hands. Boeing Co (NYSE:BA) has risen 12.58% since March 3, 2016 and is uptrending. It has outperformed by 4.24% the S&P500.

Analysts await Boeing Co (NYSE:BA) to report earnings on October, 19. They expect $2.44 earnings per share, down 3.17% or $0.08 from last year’s $2.52 per share. BA’s profit will be $1.55B for 13.82 P/E if the $2.44 EPS becomes a reality. After $-0.44 actual earnings per share reported by Boeing Co for the previous quarter, Wall Street now forecasts -654.55% EPS growth.

Boeing Co (NYSE:BA) Ratings Coverage

Out of 13 analysts covering Boeing (NYSE:BA), 7 rate it a “Buy”, 1 “Sell”, while 5 “Hold”. This means 54% are positive. Boeing has been the topic of 22 analyst reports since August 26, 2015 according to StockzIntelligence Inc. Morgan Stanley initiated Boeing Co (NYSE:BA) on Thursday, June 23 with “Overweight” rating. The firm earned “Sector Perform” rating on Friday, February 12 by RBC Capital Markets. The rating was maintained by RBC Capital Markets on Thursday, April 28 with “Sector Perform”. Robert W. Baird initiated it with “Outperform” rating and $161 target price in Thursday, October 6 report. The stock has “Market Perform” rating given by Wells Fargo on Friday, December 18. As per Monday, September 19, the company rating was maintained by Citigroup. RBC Capital Markets maintained Boeing Co (NYSE:BA) rating on Thursday, October 22. RBC Capital Markets has “Sector Perform” rating and $149.0 price target. Cowen & Co maintained Boeing Co (NYSE:BA) on Thursday, September 17 with “Outperform” rating. The firm has “Neutral” rating given on Thursday, February 18 by Buckingham Research. The stock has “Sector Perform” rating given by RBC Capital Markets on Thursday, January 28.

According to Zacks Investment Research, “The Boeing Company is one of the world’s major aerospace firms. The company operates in three principal segments: commercial airplanes; military aircraft and missiles; and space and communications.”

Insitutional Activity: The institutional sentiment decreased to 0.71 in Q2 2016. Its down 0.24, from 0.95 in 2016Q1. The ratio is negative, as 88 funds sold all Boeing Co shares owned while 523 reduced positions. 59 funds bought stakes while 373 increased positions. They now own 456.77 million shares or 9.02% less from 502.06 million shares in 2016Q1.
Geode Cap Mngmt Ltd Liability Corp reported 5.38 million shares or 0.38% of all its holdings. Lumbard & Kellner Ltd Liability Corporation has 2.04% invested in the company for 21,365 shares. The Connecticut-based Aqr Cap Mgmt Ltd Liability Co has invested 0.29% in Boeing Co (NYSE:BA). Heritage Invsts last reported 115,504 shares in the company. Moreover, Lucus Advsr Ltd Liability has 0.29% invested in Boeing Co (NYSE:BA) for 2,700 shares. Cadence Bank Na, a Texas-based fund reported 2,828 shares. Joel Isaacson & Comm Llc, a New York-based fund reported 3,361 shares. Gemmer Asset Mngmt Limited Co holds 657 shares or 0.05% of its portfolio. Nationwide Fund Advsrs, a Pennsylvania-based fund reported 286,232 shares. Levy Harkins Company Inc owns 135,341 shares or 7.95% of their US portfolio. General, a Connecticut-based fund reported 372,562 shares. Moreover, Bragg Financial Advisors Inc has 0.14% invested in Boeing Co (NYSE:BA) for 5,776 shares. Next Fin Gru has 0.38% invested in the company for 9,229 shares. Sequoia Advsrs Ltd Liability Corp holds 0.07% or 2,022 shares in its portfolio. Teacher Retirement Systems Of Texas, a Texas-based fund reported 315,057 shares.

Insider Transactions: Since May 3, 2016, the stock had 2 insider buys, and 7 sales for $10.58 million net activity. Verbeck Robert E had sold 3,894 shares worth $519,008. 6,279 shares with value of $836,130 were sold by FANCHER SCOTT W on Friday, May 13. The insider KEATING TIMOTHY JOHN sold 20,000 shares worth $2.63M. Conner Raymond L. also sold $1.07M worth of Boeing Co (NYSE:BA) on Tuesday, May 3. $1.88 million worth of Boeing Co (NYSE:BA) was sold by Sands Diana L on Monday, August 1. Muilenburg Dennis A sold $1.15M worth of Boeing Co (NYSE:BA) on Tuesday, May 3. The insider STEPHENSON RANDALL L bought 1,850 shares worth $244,478.

The Boeing Company is an aerospace firm. The company has a market cap of $85.66 billion. The Firm operates in five divisions: Commercial airplanes; Defense, Space & Security business, such as Boeing Military Aircraft (BMA), Network & Space Systems (N&SS) and Global Services & Support (GS&S), and Boeing Capital (BCC). It has a 24.76 P/E ratio. The Company’s Commercial Airplanes segment develops, produces and markets commercial jet aircraft, which provides related support services to the commercial airline industry.

BA Company Profile

The Boeing Company, incorporated on July 19, 1934, is an aerospace firm. The Firm operates in five divisions: Commercial airplanes; Defense, Space & Security (BDS), such as Boeing Military Aircraft (BMA), Network & Space Systems (N&SS) and Global Services & Support (GS&S), and Boeing Capital (BCC). The Company’s unallocated activities are Engineering, Operations & Technology (EO&T) and Shared Services Group (SSG). The Company’s EO&T provides Boeing with technical and functional capabilities, which include information technology, research and development, test and evaluation, technology strategy development, environmental remediation management and intellectual property management.

More important recent Boeing Co (NYSE:BA) news were published by: Profitconfidential.com which released: “Boeing Co.: This a Huge Breakthrough for Boeing Stock” on October 05, 2016, also Reuters.com published article titled: “Boeing delivers fewer planes in third quarter, orders fall”, Fool.com published: “3 Things The Boeing Company Needs to Do to Reach Its 2016 Order Target” on October 02, 2016. More interesting news about Boeing Co (NYSE:BA) was released by: Bloomberg.com and their article: “Boeing CEO Vows to Beat Musk to Mars” with publication date: October 04, 2016.

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