Cetera Investment Advisers Sells 7,086 Shares of GE Aerospace (NYSE:GE)

Cetera Investment Advisers lessened its holdings in GE Aerospace (NYSE:GE - Free Report) by 2.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 262,282 shares of the company's stock after selling 7,086 shares during the quarter. Cetera Investment Advisers' holdings in GE Aerospace were worth $43,746,000 at the end of the most recent quarter.

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

GE Aerospace Trading Down 0.0 %

Shares of GE Aerospace stock opened at $208.92 on Wednesday. GE Aerospace has a 1-year low of $150.20 and a 1-year high of $214.21. The company's fifty day simple moving average is $194.61 and its 200-day simple moving average is $187.31. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81. The stock has a market capitalization of $222.79 billion, a PE ratio of 34.88, a P/E/G 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 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.20. GE Aerospace had a return on equity of 22.19% and a net margin of 14.31%. The company had revenue of $9.94 billion for the quarter, compared to the consensus estimate of $9.06 billion. As a group, equities analysts anticipate that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Increases Dividend

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

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. 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. JPMorgan Chase & Co. lifted 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. Citigroup lowered 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. Wells Fargo & Company lifted their price objective on GE Aerospace from $212.00 to $222.00 and gave the stock an "overweight" rating in a report on Thursday, April 24th. Finally, Redburn Atlantic began coverage on shares of GE Aerospace in a research note on Tuesday, February 18th. They set a "buy" rating and a $250.00 target price on the stock. One research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $216.92.

Insiders Place Their Bets

In other GE Aerospace news, VP Robert M. Giglietti sold 4,104 shares of the company's 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 in the company, valued at $2,270,264.20. This represents a 26.23 % decrease in their position. The transaction was disclosed in a document filed 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 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 sale, the senior vice president now owns 8,805 shares in the company, valued at approximately $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 company insiders.

GE Aerospace 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.

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