Boeing Sees Surge in Institutional Investment as Share Price Rises
The Boeing Company (NYSE:BA) has seen significant institutional investment in its shares. Franklin Street Advisors Inc. NC, for example, boosted its position by 33.4% during the second quarter. The firm purchased an additional 22,315 shares, bringing its total holdings to 89,084 shares valued at $19,284,000.
This is not an isolated incident, as several other institutional investors and hedge funds have also increased their stakes in Boeing. Revolve Wealth Partners LLC, for instance, bought a new stake in the company's stock during the 4th quarter with a value of approximately $201,000.
The Boeing Company's share price has been steadily increasing over the past few days. On Monday, the stock opened at $234.48 and has a market cap of $185.33 billion. The company's debt-to-equity ratio is 6.77, and its current ratio is 1.14.