The Boeing Company (NYSE:BA) Shares Acquired by Canandaigua National Bank & Trust Co.

Canandaigua National Bank & Trust Co. grew its holdings in The Boeing Company (NYSE:BA) by 59.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,100 shares of the aircraft producer’s stock after buying an additional 5,643 shares during the quarter. Canandaigua National Bank & Trust Co.’s holdings in Boeing were worth $2,914,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the business. Strategic Blueprint LLC grew its position in shares of Boeing by 8.7% in the fourth quarter. Strategic Blueprint LLC now owns 3,295 shares of the aircraft producer’s stock valued at $859,000 after purchasing an additional 264 shares during the period. U.S. Capital Wealth Advisors LLC increased its holdings in Boeing by 41.5% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 15,761 shares of the aircraft producer’s stock valued at $4,108,000 after buying an additional 4,622 shares during the last quarter. Orca Investment Management LLC grew its holdings in shares of Boeing by 5.5% during the fourth quarter. Orca Investment Management LLC now owns 3,772 shares of the aircraft producer’s stock valued at $983,000 after purchasing an additional 195 shares during the last quarter. One Charles Private Wealth Services LLC bought a new position in shares of Boeing during the fourth quarter valued at approximately $205,000. Finally, Morse Asset Management Inc grew its holdings in shares of Boeing by 65.0% during the third quarter. Morse Asset Management Inc now owns 7,999 shares of the aircraft producer’s stock valued at $1,533,000 after purchasing an additional 3,152 shares during the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BA has been the subject of a number of research analyst reports. Susquehanna restated a “positive” rating and issued a $230.00 target price on shares of Boeing in a research report on Wednesday, May 15th. Baird R W raised shares of Boeing to a “strong-buy” rating in a research note on Monday, June 3rd. StockNews.com downgraded shares of Boeing from a “hold” rating to a “sell” rating in a research note on Friday, April 26th. TD Cowen cut their target price on shares of Boeing from $275.00 to $230.00 and set an “outperform” rating on the stock in a research note on Monday, March 25th. Finally, Royal Bank of Canada cut their target price on shares of Boeing from $225.00 to $215.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 16th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $220.89.

Boeing Trading Down 2.2 %

BA traded down $3.94 during trading on Tuesday, hitting $174.45. The company had a trading volume of 3,825,439 shares, compared to its average volume of 8,622,760. The Boeing Company has a one year low of $159.70 and a one year high of $267.54. The firm’s 50-day moving average price is $177.38 and its 200 day moving average price is $202.05.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, April 24th. The aircraft producer reported ($1.13) EPS for the quarter, beating the consensus estimate of ($1.43) by $0.30. The company had revenue of $16.57 billion during the quarter, compared to the consensus estimate of $17.69 billion. As a group, research analysts anticipate that The Boeing Company will post -1.48 EPS for the current fiscal year.

About Boeing

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.