Boeing Stock Sees Increased Institutional Investment
The Boeing Company's stock position was increased by Integrated Wealth Concepts LLC in the second quarter of this year. The fund purchased an additional 5,862 shares of BA stock during this period, which is a 16% increase from their previous holdings. As of the most recent SEC filing, Integrated Wealth Concepts LLC owned 42,417 shares of Boeing's stock, valued at $9,182,000.
This is not an isolated instance of increased investment in Boeing. Other institutional investors such as California State Teachers Retirement System and Bank of New York Mellon Corp also acquired new positions in the company during the second quarter. In total, these investors purchased over $4 billion worth of BA stock, with some acquiring stakes valued at hundreds of millions of dollars.
Despite this increased investment, Boeing's stock price has been somewhat stagnant, currently trading around $205 per share. However, analysts are still bullish on the company's prospects, with a consensus rating of 'Moderate Buy' and a target price of $272.58.