GE Aerospace (NYSE:GE) Shares Acquired by Aptus Capital Advisors LLC

Aptus Capital Advisors LLC raised its position in GE Aerospace (NYSE:GE - Free Report) by 20.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,158 shares of the company's stock after purchasing an additional 2,451 shares during the period. Aptus Capital Advisors LLC's holdings in GE Aerospace were worth $2,364,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of GE. Franklin Resources Inc. increased its position in GE Aerospace by 206.5% during the third quarter. Franklin Resources Inc. now owns 1,444,466 shares of the company's stock worth $278,247,000 after buying an additional 973,135 shares during the period. Principal Financial Group Inc. raised its holdings in GE Aerospace by 3.8% during the third quarter. Principal Financial Group Inc. now owns 1,323,553 shares of the company's stock worth $249,596,000 after purchasing an additional 48,543 shares in the last quarter. CWA Asset Management Group LLC lifted its holdings in GE Aerospace by 14.0% in the fourth quarter. CWA Asset Management Group LLC now owns 4,828 shares of the company's stock valued at $805,000 after acquiring an additional 594 shares during the period. Neville Rodie & Shaw Inc. grew its holdings in shares of GE Aerospace by 1.4% in the 4th quarter. Neville Rodie & Shaw Inc. now owns 84,783 shares of the company's stock worth $14,141,000 after acquiring an additional 1,201 shares during the period. Finally, Fortem Financial Group LLC grew its stake in GE Aerospace by 2.0% in the 4th quarter. Fortem Financial Group LLC now owns 3,378 shares of the company's stock valued at $563,000 after acquiring an additional 66 shares during the last quarter. 74.77% of the stock is owned by hedge funds and other institutional investors.

GE Aerospace Stock Up 0.6 %

Shares of GE Aerospace stock traded up $1.30 during trading hours on Wednesday, hitting $209.90. 3,873,965 shares of the company's stock traded hands, compared to its average volume of 5,357,611. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.88. GE Aerospace has a twelve month low of $150.20 and a twelve month high of $214.21. The stock has a 50 day simple moving average of $194.61 and a 200-day simple moving average of $187.31. The company has a market cap of $223.83 billion, a PE ratio of 35.04, a PEG ratio of 2.59 and a beta of 1.31.

GE Aerospace (NYSE:GE - Get Free Report) last released its earnings results on Tuesday, April 22nd. The company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.29 by $0.20. The company had revenue of $9.94 billion during the quarter, compared to analysts' expectations of $9.06 billion. GE Aerospace had a return on equity of 22.19% and a net margin of 14.31%. Equities research analysts anticipate that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Increases Dividend

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

Insiders Place Their Bets

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

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Citigroup cut their price objective on shares of GE Aerospace from $235.00 to $227.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Bank of America raised their price target on GE Aerospace from $200.00 to $225.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. Royal Bank of Canada reissued an "outperform" rating and issued a $220.00 target price on shares of GE Aerospace in a research report on Wednesday, April 23rd. Northcoast Research raised shares of GE Aerospace from a "neutral" rating to a "buy" rating and set a $205.00 price target for the company in a research report on Wednesday, April 9th. Finally, Redburn Atlantic started coverage on GE Aerospace in a report on Tuesday, February 18th. They set a "buy" rating and a $250.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, GE Aerospace presently has an average rating of "Moderate Buy" and an average price target of $216.92.

GE Aerospace Company Profile

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.