Shorts On Watch: A Reversal for Boeing Company (NYSE:BA) Is Near. The Stock Has Decrease in Shorts

November 25, 2016 - By Hazel Jackson   ·   0 Comments

Shorts On Watch: A Reversal for Boeing Company (NYSE:BA) Is Near. The Stock Has Decrease in Shorts

The stock of Boeing Company (NYSE:BA) registered a decrease of 2.04% in short interest. BA’s total short interest was 23.22M shares in November as published by FINRA. Its down 2.04% from 23.71 million shares, reported previously. With 4.51M shares average volume, it will take short sellers 5 days to cover their BA’s short positions. The short interest to Boeing Company’s float is 3.99%. About 702 shares traded hands. Boeing Co (NYSE:BA) has risen 14.26% since April 22, 2016 and is uptrending. It has outperformed by 8.85% the S&P500.

The Boeing Company is an aerospace firm. The company has a market cap of $92.55 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 22.78 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.

Insitutional Activity: The institutional sentiment increased to 0.9 in 2016 Q2. Its up 0.19, from 0.71 in 2016Q1. The ratio increased, 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.
Pictet North America Advisors Sa has 5,000 shares for 0.15% of their US portfolio. U S Global accumulated 10,251 shares or 0.75% of the stock. Ameritas Invest Prns owns 18,945 shares or 0.16% of their US portfolio. Moreover, Wellington Mngmt Llp has 0.17% invested in Boeing Co (NYSE:BA) for 5.19M shares. Clearbridge Invs Limited Liability owns 547,181 shares or 0.08% of their US portfolio. Moreover, Gabelli Funds Limited Liability Corporation has 0.21% invested in Boeing Co (NYSE:BA) for 274,200 shares. Exane Derivatives reported 1,948 shares or 0% of all its holdings. Moreover, First Natl Bank has 0.33% invested in Boeing Co (NYSE:BA) for 26,522 shares. Columbia Asset Mngmt accumulated 20,462 shares or 0.95% of the stock. Pioneer Investment Mgmt has 0% invested in the company for 2,308 shares. Moreover, Jpmorgan Chase And has 0.02% invested in Boeing Co (NYSE:BA) for 611,717 shares. Segall Bryant & Hamill Limited Liability holds 21,689 shares or 0.07% of its portfolio. Northpointe Cap Ltd Limited Liability Company, a Michigan-based fund reported 14,747 shares. Warren Averett Asset Ltd Company has 0.18% invested in the company for 3,112 shares. Alphamark Advsr has 0.01% invested in the company for 125 shares.

Insider Transactions: Since August 1, 2016, the stock had 1 insider buy, and 7 insider sales for $45.29 million net activity. LUTTIG J MICHAEL had sold 200,754 shares worth $28.60M on Monday, October 31. Verbeck Robert E sold $519,008 worth of Boeing Co (NYSE:BA) on Monday, August 1. Another trade for 14,151 shares valued at $1.88M was sold by Sands Diana L. $250,508 worth of shares were bought by STEPHENSON RANDALL L on Monday, August 1. Caret Leanne G sold 17,345 shares worth $2.47M. Smith Gregory D sold 20,000 shares worth $2.87 million. Shares for $1.96 million were sold by Conner Raymond L..

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. Boeing has been the topic of 24 analyst reports since August 26, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained the stock with “Sector Perform” rating in Friday, February 12 report. Standpoint Research upgraded the stock to “Buy” rating in Thursday, January 14 report. The stock of Boeing Co (NYSE:BA) earned “Sector Perform” rating by RBC Capital Markets on Thursday, September 3. The rating was maintained by RBC Capital Markets on Thursday, January 28 with “Sector Perform”. The rating was downgraded by Wells Fargo on Friday, December 18 to “Market Perform”. The firm has “Overweight” rating given on Thursday, June 23 by Morgan Stanley. The firm earned “Outperform” rating on Thursday, September 17 by Cowen & Co. The rating was upgraded by Buckingham Research to “Neutral” on Thursday, February 18. The stock of Boeing Co (NYSE:BA) earned “Sector Perform” rating by RBC Capital Markets on Thursday, October 22. The firm has “Hold” rating given on Monday, November 2 by Standpoint Research.

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: Bloomberg.com which released: “Boeing Vows to Enhance Cash Bounty Even If 777 Output Gets Cut” on October 26, 2016, also Latimes.com with their article: “Boeing will move 1600 Huntington Beach jobs to Los Angeles County” published on November 15, 2016, Bizjournals.com published: “Boeing names new commercial CEO” on November 21, 2016. More interesting news about Boeing Co (NYSE:BA) were released by: Fool.com and their article: “5 Things Boeing Co. Management Wants You to Know” published on November 01, 2016 as well as Profitconfidential.com‘s news article titled: “Boeing Co: Here’s Why Boeing Stock Could Climb in 2017” with publication date: November 10, 2016.

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By Hazel Jackson

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