Equitable Trust Co. Has $2.88 Million Stock Holdings in BAE Systems plc (OTCMKTS:BAESY)

Equitable Trust Co. trimmed its holdings in BAE Systems plc (OTCMKTS:BAESY - Free Report) by 24.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,382 shares of the aerospace company's stock after selling 14,383 shares during the quarter. Equitable Trust Co.'s holdings in BAE Systems were worth $2,880,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its holdings in 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 in the last quarter. Atlas Capital Advisors LLC lifted its holdings in shares of BAE Systems by 68.9% in the second quarter. Atlas Capital Advisors LLC now owns 4,044 shares of the aerospace company's stock valued at $270,000 after buying an additional 1,650 shares during the period. Rhumbline Advisers lifted its position in shares of BAE Systems by 29.3% in the 2nd quarter. Rhumbline Advisers now owns 4,593 shares of the aerospace company's stock valued at $307,000 after acquiring an additional 1,042 shares in the last quarter. Finally, Confluence Investment Management LLC purchased a new position in BAE Systems during the 2nd quarter worth approximately $682,000. 0.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

BAE Systems Trading Down 0.4 %

Shares of BAESY traded down $0.30 during mid-day trading on Friday, reaching $71.66. The company had a trading volume of 391,173 shares, compared to its average volume of 122,069. The company's 50-day moving average is $68.05 and its 200-day moving average is $68.22. BAE Systems plc has a twelve month low of $51.72 and a twelve month high of $72.81.

BAE Systems Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Monday, December 9th. Stockholders 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.

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.