Boeing Sees Unusually Large Options Volume (BA)
Boeing Co (NYSE:BA) saw some unusual options trading on Monday. Investors bought 3,271 call options on the stock. This represents an increase of approximately 261% compared to the typical daily volume of 905 call options.
Boeing (NYSE:BA) opened at 185.25 on Thursday. Boeing has a 12-month low of $122.35 and a 12-month high of $187.21. The company has a market cap of $111.81 billion, a price-to-earnings ratio of 22.83 and a beta of 1.08. The stock has a 50 day moving average price of $181.33 and a 200-day moving average price of $168.14.
Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, April 26th. The aircraft producer reported $2.01 EPS for the quarter, topping analysts’ consensus estimates of $1.91 by $0.10. Boeing had a return on equity of 239.48% and a net margin of 5.18%. The firm had revenue of $20.98 billion for the quarter, compared to analysts’ expectations of $21.27 billion. During the same period in the previous year, the firm posted $1.74 EPS. The business’s revenue for the quarter was down 7.3% compared to the same quarter last year. On average, analysts predict that Boeing will post $9.39 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 2nd. Stockholders of record on Friday, May 12th will be given a $1.42 dividend. The ex-dividend date of this dividend is Wednesday, May 10th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 3.07%. Boeing’s dividend payout ratio is currently 74.25%.
Several brokerages recently commented on BA. Cowen and Company restated an “outperform” rating and set a $215.00 target price on shares of Boeing in a research report on Thursday, May 11th. Canaccord Genuity reiterated a “hold” rating and issued a $170.00 price target on shares of Boeing in a report on Thursday, April 27th. Deutsche Bank AG increased their price target on Boeing from $205.00 to $210.00 and gave the stock a “buy” rating in a report on Friday, April 28th. Goldman Sachs Group Inc reiterated a “sell” rating and issued a $134.00 price target on shares of Boeing in a report on Thursday, April 27th. Finally, Royal Bank of Canada increased their price target on Boeing from $138.00 to $146.00 and gave the stock an “underperform” rating in a report on Thursday, April 27th. Six equities research analysts have rated the stock with a sell rating, six have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $167.52.
In related news, EVP J Michael Luttig sold 7,986 shares of the company’s stock in a transaction dated Tuesday, May 2nd. The stock was sold at an average price of $183.78, for a total transaction of $1,467,667.08. Following the sale, the executive vice president now owns 39,251 shares in the company, valued at approximately $7,213,548.78. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Bertrand Marc Allen sold 15,470 shares of the company’s stock in a transaction dated Tuesday, May 2nd. The shares were sold at an average price of $183.62, for a total value of $2,840,601.40. Following the sale, the senior vice president now owns 43,801 shares in the company, valued at approximately $8,042,739.62. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 63,403 shares of company stock worth $11,666,138. 0.58% of the stock is owned by corporate insiders.
Several hedge funds have recently modified their holdings of BA. Stockman Asset Management boosted its stake in shares of Boeing by 40.0% in the third quarter. Stockman Asset Management now owns 2,586 shares of the aircraft producer’s stock worth $341,000 after buying an additional 739 shares in the last quarter. BerganKDV Wealth Management LLC boosted its stake in shares of Boeing by 8.9% in the third quarter. BerganKDV Wealth Management LLC now owns 5,559 shares of the aircraft producer’s stock worth $732,000 after buying an additional 455 shares in the last quarter. SkyBridge Capital II LLC boosted its stake in shares of Boeing by 10.5% in the third quarter. SkyBridge Capital II LLC now owns 109,102 shares of the aircraft producer’s stock worth $14,373,000 after buying an additional 10,411 shares in the last quarter. Mathes Company Inc. boosted its stake in shares of Boeing by 33.2% in the third quarter. Mathes Company Inc. now owns 26,286 shares of the aircraft producer’s stock worth $3,463,000 after buying an additional 6,555 shares in the last quarter. Finally, Savant Capital LLC boosted its stake in shares of Boeing by 0.9% in the third quarter. Savant Capital LLC now owns 7,133 shares of the aircraft producer’s stock worth $940,000 after buying an additional 66 shares in the last quarter. 74.66% of the stock is currently owned by hedge funds and other institutional investors.
Boeing Company Profile
The Boeing Company is an aerospace company. The Company’s segments include 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 Commercial Airplanes segment develops, produces and markets commercial jet aircraft and provides related support services, to the commercial airline industry.
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