Boeing Stock Rises as Institutional Investors Modify Holdings
The Boeing Company (NYSE:BA) saw its stock rise by 0.7% after several institutional investors modified their holdings of the company's stock in the second quarter.
Birmingham Capital Management Co. Inc. AL, a new investor in The Boeing Company, acquired approximately 12,731 shares valued at $2,756,000, representing about 1.0% of its portfolio and making it the company's 28th largest holding.
Other hedge funds also increased their positions in the aircraft producer's stock during the quarter. XML Financial LLC grew its holdings by 0.5%, North Star Investment Management Corp. boosted its position by 1.6%, Strait & Sound Wealth Management LLC increased its holdings by 1.1%, B.O.S.S. Retirement Advisors LLC raised its stake by 1.4%, and PKS Advisory Services LLC added to its position by 2.5%.
The company has a market cap of $167.94 billion, with 64.82% owned by hedge funds and other institutional investors. Boeing's principal lines of business include Commercial Airplanes, Defense, Space & Security, and Boeing Global Services.