Boeing Sees Institutional Buying Amid Production and Defense Backlog

CIBC World Market Inc., an institutional investor, acquired 233,302 shares of Boeing stock in its most recent SEC disclosure for the second quarter. This purchase was valued at approximately $50.5 million.

Vanguard Group Inc. increased its stake in Boeing by 5.1% during the fourth quarter and now owns 70,989,438 shares worth around $15.4 billion. Other investors, including Bank of New York Mellon Corp, Deutsche Bank AG, Mitsubishi UFJ Asset Management Co. Ltd., and Alyeska Investment Group L.P., also acquired new positions in Boeing during the second quarter.

The institutional ownership of Boeing stands at 64.82%. The company's stock price opened at $214.20 on Monday with a market capitalization of $169.3 billion. Its PE ratio is 92.73, and it has a beta of 1.21.