What Next for Boeing Co Stock After Today’s Bullish Options Activity?

 What Next for Boeing Co Stock After Today's Bullish Options Activity?

In today’s session Boeing Co (BA) registered an unusually high (581) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the February, 2017 call, expecting serious BA increase. With 581 contracts traded and 11934 open interest for the Feb, 17 contract, it seems this is a quite bullish bet. The option with symbol: BA170217C00150000 closed last at: $2.87 or 2.1% up. About 1.78 million shares traded hands. Boeing Co (NYSE:BA) has risen 13.46% since April 8, 2016 and is uptrending. It has outperformed by 7.81% 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 2.79% above today’s ($147.87) stock price. Boeing has been the topic of 24 analyst reports since August 26, 2015 according to StockzIntelligence Inc. The company was maintained on Thursday, January 28 by RBC Capital Markets. Canaccord Genuity maintained the stock with “Buy” rating in Thursday, January 28 report. The stock of Boeing Co (NYSE:BA) has “Hold” rating given on Monday, November 2 by Standpoint Research. The firm has “Buy” rating by Argus Research given on Thursday, April 28. The firm has “Buy” rating by Standpoint Research given on Thursday, January 14. The firm has “Neutral” rating given on Friday, February 12 by JP Morgan. Morgan Stanley initiated it with “Overweight” rating and $153 target price in Thursday, June 23 report. The stock has “Sell” rating given by Standpoint Research on Wednesday, October 26. The firm has “Buy” rating by Citigroup given on Monday, September 19. Cowen & Co maintained Boeing Co (NYSE:BA) rating on Thursday, September 17. Cowen & Co has “Outperform” rating and $175 price target.

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.
Tci Wealth Advisors Incorporated accumulated 4,904 shares or 0.35% of the stock. First National Bank Sioux Falls holds 0.14% of its portfolio in Boeing Co (NYSE:BA) for 351 shares. Peoples Financial Svcs Corporation accumulated 13,464 shares or 1.08% of the stock. State Street Corp accumulated 26.55 million shares or 0.37% of the stock. Gould Asset Lc Ca accumulated 3,301 shares or 0.23% of the stock. Catawba Management Va holds 0.73% or 23,177 shares in its portfolio. Louisiana State Employees Retirement System holds 39,300 shares or 0.27% of its portfolio. Moreover, First Business Fin Svcs has 0.14% invested in Boeing Co (NYSE:BA) for 4,106 shares. Janus Cap Management Lc has 6.90M shares for 0.76% of their US portfolio. Cibc Asset Management Inc last reported 0.06% of its portfolio in the stock. The Tennessee-based Wunderlich Managemnt has invested 1.2% in Boeing Co (NYSE:BA). Mathes, a New York-based fund reported 19,731 shares. Hotchkis & Wiley Cap Ltd Liability Corp holds 1.25M shares or 0.69% of its portfolio. Canandaigua State Bank & has 9,435 shares for 0.35% of their US portfolio. Schwab Charles Inv has 0.4% invested in the company for 2.43M shares.

Insider Transactions: Since May 13, 2016, the stock had 1 insider purchase, and 8 insider sales for $48.28 million net activity. Tracy John J also sold $2.98 million worth of Boeing Co (NYSE:BA) shares. 51,024 shares were sold by Muilenburg Dennis A, worth $7.25 million. FANCHER SCOTT W sold $836,130 worth of stock or 6,279 shares. LUTTIG J MICHAEL also sold $28.60M worth of Boeing Co (NYSE:BA) on Monday, October 31. STEPHENSON RANDALL L bought $250,508 worth of stock. Another trade for 14,151 shares valued at $1.88 million was sold by Sands Diana L. 14,031 shares were sold by Conner Raymond L., worth $1.96M on Friday, November 4.

The Boeing Company is an aerospace firm. The company has a market cap of $93.12 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 22.49 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: Profitconfidential.com which released: “Boeing Co: Here’s Why Boeing Stock Could Climb in 2017” on November 10, 2016, also Fool.com with their article: “5 Things Boeing Co. Management Wants You to Know” published on November 01, 2016, Fool.com published: “Boeing Co. Earnings: Cash Flow Keeps Rising” on October 26, 2016. More interesting news about Boeing Co (NYSE:BA) were released by: Fool.com and their article: “Can Airbus Surpass Boeing Co.’s Aircraft Production?” published on October 24, 2016 as well as Bloomberg.com‘s news article titled: “Boeing’s Retiring Boomers Underscore U.S. Manufacturing Plight” with publication date: November 07, 2016.

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