Principal Street Partners LLC Has $1.18 Million Stake in BAE Systems plc (OTCMKTS:BAESY)

Principal Street Partners LLC increased its position in shares of BAE Systems plc (OTCMKTS:BAESY - Free Report) by 99.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,628 shares of the aerospace company's stock after purchasing an additional 8,769 shares during the period. Principal Street Partners LLC's holdings in BAE Systems were worth $1,178,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Altrius Capital Management Inc grew its holdings in shares of BAE Systems by 2.3% during the third quarter. Altrius Capital Management Inc now owns 109,506 shares of the aerospace company's stock worth $7,266,000 after purchasing an additional 2,470 shares during the last quarter. Confluence Investment Management LLC bought a new stake in shares of BAE Systems during the second quarter worth $682,000. Rhumbline Advisers grew its holdings in shares of BAE Systems by 29.3% during the second quarter. Rhumbline Advisers now owns 4,593 shares of the aerospace company's stock worth $307,000 after purchasing an additional 1,042 shares during the last quarter. Atlas Capital Advisors LLC grew its holdings in shares of BAE Systems by 68.9% during the second quarter. Atlas Capital Advisors LLC now owns 4,044 shares of the aerospace company's stock worth $270,000 after purchasing an additional 1,650 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of BAE Systems by 20.8% during the second quarter. GAMMA Investing LLC now owns 1,870 shares of the aerospace company's stock worth $125,000 after purchasing an additional 322 shares during the last quarter. 0.21% of the stock is currently owned by institutional investors.

BAE Systems Stock Down 0.3 %

Shares of OTCMKTS:BAESY traded down $0.22 during mid-day trading on Tuesday, reaching $65.09. 182,675 shares of the stock were exchanged, compared to its average volume of 252,803. BAE Systems plc has a one year low of $51.72 and a one year high of $72.81. The stock's 50 day simple moving average is $67.58 and its 200-day simple moving average is $68.08.

BAE Systems Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Monday, December 9th. Investors of record on Friday, October 25th will be issued a dividend of $0.6333 per share. The ex-dividend date of this dividend is Friday, October 25th.

Wall Street Analyst Weigh In

Separately, Citigroup raised BAE Systems from a "neutral" rating to a "buy" rating in a research note on Monday, July 29th.

BAE Systems Profile

BAE Systems plc provides defense, aerospace, and security solutions worldwide. The company operates through five segments: Electronic Systems, Platforms & Services, Air, Maritime, and Cyber & Intelligence. The Electronic Systems segment offers electronic warfare systems, navigation systems, electro-optical sensors, military and commercial digital engine and flight controls, precision guidance and seeker solutions, military communication systems and data links, persistent surveillance capabilities, space electronics, and electric drive propulsion systems.