Boeing Target of Unusually Large Options Trading (NYSE:BA)

The Boeing Company (NYSE:BA) saw unusually large options trading on Friday. Stock traders acquired 159,248 call options on the stock. This represents an increase of 29% compared to the average volume of 123,070 call options.

Wall Street Analyst Weigh In

BA has been the topic of several analyst reports. Melius Research set a $204.00 target price on Boeing in a report on Monday, March 24th. Wall Street Zen cut Boeing from a “hold” rating to a “sell” rating in a report on Saturday, May 17th. Morgan Stanley set a $200.00 price target on Boeing and gave the stock an “equal weight” rating in a report on Thursday, June 12th. Cowen restated a “buy” rating on shares of Boeing in a report on Wednesday, May 7th. Finally, The Goldman Sachs Group set a $212.00 price target on Boeing and gave the stock a “buy” rating in a report on Thursday, June 12th. Four analysts have rated the stock with a sell rating, three have issued a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $215.77.

Insider Transactions at Boeing

In other news, EVP Jeffrey S. Shockey sold 3,205 shares of the business’s stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $202.87, for a total transaction of $650,198.35. Following the sale, the executive vice president now directly owns 20,513 shares in the company, valued at approximately $4,161,472.31. The trade was a 13.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Brendan J. Nelson sold 640 shares of the company’s stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $206.28, for a total value of $132,019.20. Following the completion of the sale, the senior vice president now owns 13,258 shares in the company, valued at $2,734,860.24. The trade was a 4.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,744 shares of company stock worth $1,511,370. Insiders own 0.09% of the company’s stock.

Institutional Investors Weigh In On Boeing

Several large investors have recently made changes to their positions in the business. Howe & Rusling Inc. increased its holdings in Boeing by 4.8% in the 1st quarter. Howe & Rusling Inc. now owns 1,648 shares of the aircraft producer’s stock worth $281,000 after acquiring an additional 76 shares during the last quarter. Optima Capital LLC increased its holdings in Boeing by 18.6% in the 1st quarter. Optima Capital LLC now owns 1,843 shares of the aircraft producer’s stock worth $314,000 after acquiring an additional 289 shares during the last quarter. Osterweis Capital Management Inc. increased its holdings in Boeing by 31.8% in the 1st quarter. Osterweis Capital Management Inc. now owns 109,881 shares of the aircraft producer’s stock worth $18,740,000 after acquiring an additional 26,522 shares during the last quarter. Integrity Wealth Advisors Inc. increased its holdings in Boeing by 36.2% in the 1st quarter. Integrity Wealth Advisors Inc. now owns 8,217 shares of the aircraft producer’s stock worth $1,401,000 after acquiring an additional 2,186 shares during the last quarter. Finally, Modern Wealth Management LLC increased its holdings in Boeing by 22.8% in the 1st quarter. Modern Wealth Management LLC now owns 37,638 shares of the aircraft producer’s stock worth $6,419,000 after acquiring an additional 7,000 shares during the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Boeing Price Performance

Shares of Boeing stock opened at $214.56 on Friday. Boeing has a 1 year low of $128.88 and a 1 year high of $218.80. The firm has a market cap of $161.78 billion, a PE ratio of -11.97 and a beta of 1.43. The stock has a fifty day moving average price of $197.85 and a 200-day moving average price of $179.88.

Boeing (NYSE:BA) last announced its earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.39) by $0.90. The business had revenue of $19.50 billion for the quarter, compared to analysts’ expectations of $19.57 billion. During the same period in the prior year, the business earned ($1.13) earnings per share. The company’s revenue for the quarter was up 17.7% compared to the same quarter last year. As a group, equities analysts anticipate that Boeing will post -2.58 EPS for the current fiscal year.

Boeing Company Profile

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through Commercial Airplanes; Defense, Space & Security; and Global Services segments.