Banco Bilbao Vizcaya Argentaria S.A. Buys 9,786 Shares of GE Aerospace (NYSE:GE)

Banco Bilbao Vizcaya Argentaria S.A. raised its stake in GE Aerospace (NYSE:GE - Free Report) by 25.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 47,892 shares of the company's stock after purchasing an additional 9,786 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in GE Aerospace were worth $7,988,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of GE. New Age Alpha Advisors LLC lifted its holdings in shares of GE Aerospace by 133.3% during the 4th quarter. New Age Alpha Advisors LLC now owns 147 shares of the company's stock worth $25,000 after acquiring an additional 84 shares during the period. Hager Investment Management Services LLC bought a new position in shares of GE Aerospace during the 4th quarter worth about $27,000. Sumitomo Mitsui Financial Group Inc. acquired a new position in GE Aerospace in the fourth quarter valued at about $28,000. Sugar Maple Asset Management LLC bought a new stake in GE Aerospace during the fourth quarter worth about $29,000. Finally, CBIZ Investment Advisory Services LLC acquired a new stake in shares of GE Aerospace during the fourth quarter worth approximately $29,000. 74.77% of the stock is owned by institutional investors.

Insider Activity

In related news, VP Robert M. Giglietti sold 4,104 shares of the firm's stock in a transaction dated Thursday, April 24th. The stock was sold at an average price of $196.73, for a total value of $807,379.92. Following the sale, the vice president now directly owns 11,540 shares of the company's stock, valued at $2,270,264.20. This trade represents a 26.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.21% of the company's stock.

Wall Street Analyst Weigh In

GE has been the topic of a number of research analyst reports. Redburn Atlantic assumed coverage on GE Aerospace in a research report on Tuesday, February 18th. They set a "buy" rating and a $250.00 price target on the stock. Northcoast Research raised GE Aerospace from a "neutral" rating to a "buy" rating and set a $205.00 price target on the stock in a research note on Wednesday, April 9th. Deutsche Bank Aktiengesellschaft cut their price target on GE Aerospace from $235.00 to $228.00 and set a "buy" rating on the stock in a research note on Thursday, January 2nd. Wells Fargo & Company raised their price objective on GE Aerospace from $212.00 to $222.00 and gave the stock an "overweight" rating in a research note on Thursday, April 24th. Finally, Bank of America raised their price objective on GE Aerospace from $200.00 to $225.00 and gave the company a "buy" rating in a report on Monday, January 27th. One research analyst has rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $216.92.

GE Aerospace Stock Performance

Shares of GE traded down $0.15 during trading hours on Tuesday, hitting $200.71. The company's stock had a trading volume of 1,238,294 shares, compared to its average volume of 5,373,637. The business has a 50 day simple moving average of $194.18 and a two-hundred day simple moving average of $186.72. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81. GE Aerospace has a 52-week low of $150.20 and a 52-week high of $214.21. The company has a market cap of $214.04 billion, a price-to-earnings ratio of 33.47, a PEG ratio of 2.59 and a beta of 1.04.

GE Aerospace (NYSE:GE - Get Free Report) last released 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 during the quarter, compared to analyst estimates 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 expect that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Monday, March 10th were paid a dividend of $0.36 per share. This is a boost from GE Aerospace's previous quarterly dividend of $0.28. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date was Monday, March 10th. GE Aerospace's dividend payout ratio (DPR) is 22.40%.

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.