In today’s session Boeing Co (BA) registered an unusually high (530) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious BA increase. With 530 contracts traded and 13214 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: BA161216C00157500 closed last at: $0.5 or 56.3% up. About 445,201 shares traded hands. Boeing Co (NYSE:BA) has risen 11.69% since April 28, 2016 and is uptrending. It has outperformed by 5.77% the S&P500.
Analysts await Boeing Co (NYSE:BA) to report earnings on January, 25. They expect $2.32 EPS, up 45.00% or $0.72 from last year’s $1.6 per share. BA’s profit will be $1.42B for 16.40 P/E if the $2.32 EPS becomes a reality. After $3.51 actual EPS reported by Boeing Co for the previous quarter, Wall Street now forecasts -33.90% negative EPS growth.
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 -0.11% below today’s ($152.16) 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 “Neutral” rating by Buckingham Research on Thursday, February 18. The stock has “Buy” rating given by Argus Research on Thursday, April 28. The stock of Boeing Co (NYSE:BA) has “Buy” rating given on Monday, September 19 by Citigroup. The rating was maintained by Cowen & Co on Thursday, September 17 with “Outperform”. The rating was initiated by Morgan Stanley with “Overweight” on Thursday, June 23. The stock of Boeing Co (NYSE:BA) earned “Hold” rating by Standpoint Research on Monday, November 2. RBC Capital Markets maintained it with “Sector Perform” rating and $128 target price in Friday, February 12 report. Canaccord Genuity maintained the stock with “Buy” rating in Thursday, January 28 report. On Friday, February 12 the stock rating was downgraded by JP Morgan to “Neutral”. The stock has “Buy” rating given by Standpoint Research on Wednesday, August 26.
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 increased to 0.9 in 2016 Q2. Its up 0.19, from 0.71 in 2016Q1. The ratio improved, 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.
Linscomb Williams, a Texas-based fund reported 18,502 shares. Tocqueville Asset Limited Partnership accumulated 178,971 shares or 0.3% of the stock. Advantus Mngmt Inc accumulated 59,272 shares or 0.22% of the stock. Whittier Tru Company accumulated 0.69% or 119,861 shares. Fmr Ltd Liability Co owns 7.62 million shares or 0.14% of their US portfolio. Boston Ltd Co holds 0.02% or 5,133 shares in its portfolio. Monetary Management Grp Inc Inc Inc holds 1.07% of its portfolio in Boeing Co (NYSE:BA) for 17,785 shares. Moreover, Tci Wealth Inc has 0.35% invested in Boeing Co (NYSE:BA) for 4,904 shares. Cordasco Fin Ntwk owns 1,800 shares or 0.27% of their US portfolio. Blackrock Inv Mgmt Lc has 1.40 million shares for 0.23% of their US portfolio. Stanley has 0.1% invested in the company for 1,968 shares. Cibc Asset Mgmt Inc, a Ontario – Canada-based fund reported 59,670 shares. Virginia Retirement Systems Et Al accumulated 0.09% or 45,800 shares. Piershale Financial Grp holds 0.03% or 307 shares in its portfolio. Piedmont Inv Advsrs Ltd accumulated 0% or 169,441 shares.
Insider Transactions: Since August 1, 2016, the stock had 1 insider buy, and 7 selling transactions for $45.29 million net activity. Another trade for 1,871 shares valued at $250,508 was made by STEPHENSON RANDALL L on Monday, August 1. Another trade for 51,024 shares valued at $7.25M was made by Muilenburg Dennis A on Tuesday, November 1. 14,031 shares with value of $1.96 million were sold by Conner Raymond L. on Friday, November 4. Verbeck Robert E had sold 3,894 shares worth $519,008. $1.88M worth of shares were sold by Sands Diana L on Monday, August 1. Caret Leanne G sold 17,345 shares worth $2.47 million. Shares for $28.60M were sold by LUTTIG J MICHAEL.
The Boeing Company is an aerospace firm. The company has a market cap of $93.24 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 23.15 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: Reuters.com which released: “Boeing Co wins $558 million Pentagon contract” on November 30, 2016, also Foxbusiness.com published article titled: “Boeing Co. Gets Serious About Services”, Marketwatch.com published: “Boeing benefited from an illegal tax break, WTO says” on November 28, 2016. More interesting news about Boeing Co (NYSE:BA) was released by: Reuters.com and their article: “BRIEF-Boeing Co issues statement on WTO ruling on Washington state tax inc…” with publication date: November 28, 2016.
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