Is Boeing Co’s Fuel For Real? The Stock Was Bought By Option Traders

 Is Boeing Co's Fuel For Real? The Stock Was Bought By Option Traders

In today’s session Boeing Co (BA) registered an unusually high (1,502) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the June, 2017 call, expecting serious BA increase. With 1,502 contracts traded and 674 open interest for the Jun, 17 contract, it seems this is a quite bullish bet. The option with symbol: BA170616C00160000 closed last at: $2.55 or 22.7% down. About 616,879 shares traded hands. Boeing Co (NYSE:BA) has risen 9.27% since March 29, 2016 and is uptrending. It has outperformed by 5.79% the S&P500.

Boeing Co (NYSE:BA) Ratings Coverage

Out of 14 analysts covering Boeing (NYSE:BA), 7 rate it a “Buy”, 2 “Sell”, while 5 “Hold”. This means 50% are positive. $180 is the highest target while $125 is the lowest. The $152 average target is 6.29% above today’s ($143.01) stock price. Boeing has been the topic of 24 analyst reports since August 26, 2015 according to StockzIntelligence Inc. The stock of Boeing Co (NYSE:BA) earned “Sector Perform” rating by RBC Capital Markets on Thursday, September 3. As per Thursday, January 28, the company rating was maintained by RBC Capital Markets. The rating was downgraded by Standpoint Research to “Hold” on Monday, November 2. RBC Capital Markets maintained the shares of BA in a report on Friday, February 12 with “Sector Perform” rating. Standpoint Research initiated Boeing Co (NYSE:BA) on Wednesday, August 26 with “Buy” rating. The rating was upgraded by Buckingham Research on Thursday, February 18 to “Neutral”. Argus Research maintained Boeing Co (NYSE:BA) on Thursday, April 28 with “Buy” rating. RBC Capital Markets maintained it with “Sector Perform” rating and $149.0 target price in Thursday, October 22 report. The stock of Boeing Co (NYSE:BA) has “Buy” rating given on Monday, September 19 by Citigroup. The stock has “Overweight” rating given by Morgan Stanley on Thursday, June 23.

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 turned 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.
Icon Advisers Incorporated holds 0.09% of its portfolio in Boeing Co (NYSE:BA) for 10,700 shares. Ngam Advsr Lp holds 29,484 shares or 0.05% of its portfolio. Atwood Palmer Incorporated accumulated 15 shares or 0% of the stock. Toronto Dominion Commercial Bank holds 19,495 shares or 0.01% of its portfolio. Moreover, Institutional Cap Limited Liability has 0.99% invested in Boeing Co (NYSE:BA) for 622,702 shares. Dekabank Deutsche Girozentrale, a Germany-based fund reported 174,214 shares. Kings Point Cap Mngmt accumulated 65,210 shares or 2.17% of the stock. The Korea-based National Pension has invested 0.41% in Boeing Co (NYSE:BA). Parsec Fincl Mgmt Inc accumulated 1,926 shares or 0.02% of the stock. Moreover, Roanoke Asset Management Ny has 2.62% invested in Boeing Co (NYSE:BA) for 43,536 shares. Asset Mngmt Inc accumulated 0.26% or 9,904 shares. First Allied Advisory Ser owns 95,076 shares or 0.69% of their US portfolio. The Illinois-based Busey Tru has invested 0.11% in Boeing Co (NYSE:BA). American Insur Tx holds 131,450 shares or 1% of its portfolio. Chatham Grp Inc last reported 1.63% of its portfolio in the stock.

Insider Transactions: Since May 3, 2016, the stock had 1 insider purchase, and 5 sales for $8.60 million net activity. $836,130 worth of Boeing Co (NYSE:BA) shares were sold by FANCHER SCOTT W. Shares for $1.15 million were sold by Muilenburg Dennis A on Tuesday, May 3. $250,508 worth of shares were bought by STEPHENSON RANDALL L on Monday, August 1. KEATING TIMOTHY JOHN also sold $2.63M worth of Boeing Co (NYSE:BA) shares. Another trade for 8,109 shares valued at $1.07 million was sold by Conner Raymond L.. Verbeck Robert E sold 3,894 shares worth $519,008. $1.88M worth of Boeing Co (NYSE:BA) was sold by Sands Diana L on Monday, August 1.

The Boeing Company is an aerospace firm. The company has a market cap of $88.08 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 21.75 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 notable recent Boeing Co (NYSE:BA) news were published by: Fool.com which released: “Boeing Co. Earnings: Cash Flow Keeps Rising” on October 26, 2016, also Fool.com with their article: “Can Airbus Surpass Boeing Co.’s Aircraft Production?” published on October 24, 2016, Investorplace.com published: “Should You Buy the Dow? Boeing Co (BA) Stock” on October 25, 2016. More interesting news about Boeing Co (NYSE:BA) were released by: Investorplace.com and their article: “Boeing Co Shares Fall Despite a Boost to Future Earnings (BA)” published on October 26, 2016 as well as Profitconfidential.com‘s news article titled: “Boeing Co.: This a Huge Breakthrough for Boeing Stock” with publication date: October 05, 2016.

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