GE Aerospace (NYSE:GE) Shares Acquired by Alkeon Capital Management LLC

Alkeon Capital Management LLC increased its position in shares of GE Aerospace (NYSE:GE - Free Report) by 133.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 700,000 shares of the company's stock after purchasing an additional 400,000 shares during the quarter. Alkeon Capital Management LLC owned 0.07% of GE Aerospace worth $116,753,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of GE. Alyeska Investment Group L.P. boosted its stake in shares of GE Aerospace by 2,642.3% during the 4th quarter. Alyeska Investment Group L.P. now owns 190,673 shares of the company's stock worth $31,802,000 after acquiring an additional 183,720 shares in the last quarter. Alteri Wealth LLC acquired a new position in shares of GE Aerospace during the 4th quarter worth approximately $437,000. Aptus Capital Advisors LLC lifted its position in shares of GE Aerospace by 20.9% during the 4th quarter. Aptus Capital Advisors LLC now owns 14,158 shares of the company's stock valued at $2,364,000 after buying an additional 2,451 shares in the last quarter. Aristotle Atlantic Partners LLC acquired a new stake in GE Aerospace in the 4th quarter valued at $4,408,000. Finally, Aspire Growth Partners LLC purchased a new stake in GE Aerospace in the 4th quarter worth $238,000. Institutional investors and hedge funds own 74.77% of the company's stock.

GE Aerospace Stock Up 0.6 %

GE traded up $1.17 on Monday, hitting $208.87. 4,176,179 shares of the company were exchanged, compared to its average volume of 5,369,825. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88. The company has a market cap of $222.74 billion, a price-to-earnings ratio of 34.87, a price-to-earnings-growth ratio of 2.59 and a beta of 1.31. The firm has a 50-day moving average price of $194.31 and a two-hundred day moving average price of $187.04. GE Aerospace has a twelve month low of $150.20 and a twelve month high of $214.21.

GE Aerospace (NYSE:GE - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The company reported $1.49 EPS for the quarter, beating analysts' consensus estimates of $1.29 by $0.20. The company had revenue of $9.94 billion for the quarter, compared to the consensus estimate of $9.06 billion. GE Aerospace had a net margin of 14.31% and a return on equity of 22.19%. On average, equities analysts predict that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Monday, March 10th were issued a $0.36 dividend. This is a boost from GE Aerospace's previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Monday, March 10th. This represents a $1.44 annualized dividend and a dividend yield of 0.69%. GE Aerospace's dividend payout ratio is presently 22.40%.

Insider Activity at GE Aerospace

In other news, SVP Mohamed Ali sold 1,602 shares of the firm's stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $200.67, for a total transaction of $321,473.34. Following the transaction, the senior vice president now directly owns 8,805 shares in the company, valued at approximately $1,766,899.35. This trade represents a 15.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Robert M. Giglietti sold 4,104 shares of the stock in a transaction on Thursday, April 24th. The stock was sold at an average price of $196.73, for a total transaction of $807,379.92. Following the sale, the vice president now owns 11,540 shares of the company's stock, valued at approximately $2,270,264.20. This represents a 26.23 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.21% of the company's stock.

Analyst Ratings Changes

GE has been the subject of a number of research reports. Bank of America boosted their target price on shares of GE Aerospace from $200.00 to $225.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. JPMorgan Chase & Co. boosted their target price on GE Aerospace from $190.00 to $210.00 and gave the stock an "overweight" rating in a report on Friday, January 24th. UBS Group lifted their price objective on GE Aerospace from $207.00 to $216.00 and gave the stock a "buy" rating in a research report on Wednesday, April 23rd. Wells Fargo & Company upped their target price on GE Aerospace from $212.00 to $222.00 and gave the company an "overweight" rating in a report on Thursday, April 24th. Finally, Citigroup reduced their price target on GE Aerospace from $235.00 to $227.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. One analyst has rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $216.92.

About GE Aerospace

GE Aerospace (also known as General Electric) is a company that specializes in providing aerospace products and services. It operates through two reportable segments: Commercial Engines and Services and Defense and Propulsion Technologies. It offers jet and turboprop engines, as well as integrated systems for commercial, military, business, and general aviation aircraft.