A Reversal for Boeing Co Is Not Near. Professional Options Traders Are Bullish

 A Reversal for Boeing Co Is Not Near. Professional Options Traders Are Bullish

In today’s session Boeing Co (BA) registered an unusually high (5,635) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious BA increase. With 5,635 contracts traded and 49624 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: BA161118C00135000 closed last at: $2.97 or 3.1% up. About 385,750 shares traded hands. Boeing Co (NYSE:BA) has risen 5.90% since March 16, 2016 and is uptrending. It has outperformed by 0.36% the S&P500.

Boeing Co (NYSE:BA) Ratings Coverage

Out of 14 analysts covering Boeing (NYSE:BA), 8 rate it a “Buy”, 1 “Sell”, while 5 “Hold”. This means 57% are positive. $180 is the highest target while $125 is the lowest. The $154.50 average target is 13.60% above today’s ($136) stock price. Boeing has been the topic of 23 analyst reports since August 26, 2015 according to StockzIntelligence Inc. The stock of Boeing Co (NYSE:BA) earned “Buy” rating by Standpoint Research on Thursday, January 14. The company was downgraded on Monday, November 2 by Standpoint Research. The firm has “Market Perform” rating by Wells Fargo given on Friday, December 18. RBC Capital Markets maintained the stock with “Sector Perform” rating in Friday, February 12 report. The rating was maintained by Argus Research on Thursday, April 28 with “Buy”. The stock has “Outperform” rating given by Robert W. Baird on Thursday, October 6. Barclays Capital maintained the shares of BA in a report on Thursday, October 6 with “Overweight” rating. Standpoint Research initiated the shares of BA in a report on Wednesday, August 26 with “Buy” rating. The firm has “Buy” rating by Citigroup given on Monday, September 19. On Friday, February 12 the stock rating was downgraded by JP Morgan to “Neutral”.

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 2016 Q2. 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.
Guardian Cap L P has 2,434 shares for 0.01% of their US portfolio. Bahl And Gaynor has invested 0% of its portfolio in Boeing Co (NYSE:BA). Moreover, Warren Averett Asset Mgmt Ltd Liability Com has 0.18% invested in Boeing Co (NYSE:BA) for 3,112 shares. Amica Pension Fund Board Of Trustees last reported 31,396 shares in the company. Geneva Advisors Ltd Liability Corporation holds 0.2% or 76,818 shares in its portfolio. Public Sector Pension Board has 113,451 shares for 0.16% of their US portfolio. The Massachusetts-based Martingale Asset L P has invested 0.47% in Boeing Co (NYSE:BA). Brave Asset Mgmt holds 1.53% of its portfolio in Boeing Co (NYSE:BA) for 17,613 shares. Gamco Invsts Et Al has 0.16% invested in the company for 186,495 shares. Marble Harbor Inv Counsel Ltd Liability Corp last reported 4,910 shares in the company. Chicago Equity Prns Ltd Liability Corp has 0.17% invested in the company for 44,490 shares. Frontier Invest Mngmt Communications accumulated 0.29% or 17,756 shares. Moreover, Jacobs Co Ca has 1.75% invested in Boeing Co (NYSE:BA) for 57,292 shares. Jones Financial Companies Lllp has 0% invested in the company for 5,085 shares. Dai Ichi Life Insurance has 0.26% invested in the company for 66,873 shares.

Insider Transactions: Since May 3, 2016, the stock had 2 insider purchases, and 7 selling transactions for $10.58 million net activity. $1.07M worth of shares were sold by Conner Raymond L. on Tuesday, May 3. On Tuesday, May 3 STEPHENSON RANDALL L bought $244,478 worth of the stock or 1,850 shares. Shares for $1.88M were sold by Sands Diana L on Monday, August 1. 8,700 Boeing Co (NYSE:BA) shares with value of $1.15 million were sold by Muilenburg Dennis A. $2.63M worth of Boeing Co (NYSE:BA) was sold by KEATING TIMOTHY JOHN on Thursday, May 5. 3,894 shares with value of $519,008 were sold by Verbeck Robert E on Monday, August 1. On Monday, May 16 Tracy John J sold $2.98M worth of the stock or 22,341 shares.

The Boeing Company is an aerospace firm. The company has a market cap of $85.54 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 24.98 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: Postandcourier.com which released: “China Southern Airlines to buy a dozen Dreamliners from Boeing Co.” on October 12, 2016, also Profitconfidential.com published article titled: “Boeing Co.: This a Huge Breakthrough for Boeing Stock”, Investorplace.com published: “Boeing Co (BA) Lands $18.6B Deal With Qatar Airways” on October 10, 2016. More interesting news about Boeing Co (NYSE:BA) was released by: Reuters.com and their article: “Boeing names new sales chief as John Wojick plans to retire” with publication date: October 14, 2016.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: , ,

Related posts

Leave a Comment