Coastline Trust Co Acquires 5,938 Shares of GE Aerospace (NYSE:GE)

Coastline Trust Co boosted its stake in shares of GE Aerospace (NYSE:GE - Free Report) by 101.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,772 shares of the company's stock after acquiring an additional 5,938 shares during the quarter. Coastline Trust Co's holdings in GE Aerospace were worth $1,963,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Virtu Financial LLC bought a new position in shares of GE Aerospace in the 3rd quarter worth approximately $3,400,000. Westside Investment Management Inc. lifted its position in GE Aerospace by 6.0% during the third quarter. Westside Investment Management Inc. now owns 1,245 shares of the company's stock valued at $235,000 after buying an additional 70 shares during the period. Diamant Asset Management Inc. boosted its holdings in shares of GE Aerospace by 2.7% during the 3rd quarter. Diamant Asset Management Inc. now owns 6,098 shares of the company's stock valued at $1,150,000 after buying an additional 158 shares in the last quarter. Morse Asset Management Inc grew its stake in shares of GE Aerospace by 30.2% in the 3rd quarter. Morse Asset Management Inc now owns 18,616 shares of the company's stock worth $3,511,000 after buying an additional 4,320 shares during the last quarter. Finally, SkyView Investment Advisors LLC boosted its holdings in GE Aerospace by 1.9% in the third quarter. SkyView Investment Advisors LLC now owns 12,240 shares of the company's stock worth $2,308,000 after acquiring an additional 232 shares in the last quarter. 74.77% of the stock is currently owned by institutional investors.

GE Aerospace Price Performance

Shares of NYSE GE traded up $5.20 during midday trading on Wednesday, reaching $194.38. 4,413,273 shares of the stock traded hands, compared to its average volume of 5,468,186. The company's 50 day moving average is $195.11 and its 200 day moving average is $186.48. GE Aerospace has a one year low of $150.20 and a one year high of $214.21. The stock has a market capitalization of $208.63 billion, a PE ratio of 32.45, a P/E/G ratio of 2.59 and a beta of 1.04. 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 (NYSE:GE - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.20. The firm had revenue of $9.94 billion for the quarter, compared to analysts' expectations of $9.06 billion. GE Aerospace had a net margin of 14.31% and a return on equity of 22.19%. On average, equities research analysts anticipate that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 10th will be paid a dividend of $0.36 per share. The ex-dividend date of this dividend is Monday, March 10th. 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 0.74%. GE Aerospace's payout ratio is currently 24.04%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Bank of America upped their price target 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. Wells Fargo & Company increased their target price on GE Aerospace from $203.00 to $212.00 and gave the company an "overweight" rating in a research note on Tuesday, April 15th. UBS Group boosted their price target on GE Aerospace from $207.00 to $216.00 and gave the stock a "buy" rating in a research note on Wednesday. Royal Bank of Canada restated an "outperform" rating and set a $220.00 target price on shares of GE Aerospace in a research note on Wednesday. Finally, Citigroup dropped their target price on shares of GE Aerospace from $235.00 to $227.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. One equities research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $213.40.

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.