GE Aerospace (NYSE:GE) Shares Bought by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. grew its holdings in GE Aerospace (NYSE:GE - Free Report) by 7.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,109 shares of the company's stock after acquiring an additional 1,529 shares during the period. Coldstream Capital Management Inc.'s holdings in GE Aerospace were worth $3,687,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Capital Analysts LLC increased its holdings in shares of GE Aerospace by 73.9% during the 4th quarter. Capital Analysts LLC now owns 560 shares of the company's stock valued at $93,000 after purchasing an additional 238 shares in the last quarter. Lord Abbett & CO. LLC increased its holdings in GE Aerospace by 188.3% in the fourth quarter. Lord Abbett & CO. LLC now owns 683,858 shares of the company's stock valued at $114,061,000 after buying an additional 446,689 shares in the last quarter. Rothschild Capital Partners LLC acquired a new position in shares of GE Aerospace in the fourth quarter worth about $297,000. Banco Bilbao Vizcaya Argentaria S.A. boosted its stake in shares of GE Aerospace by 25.7% during the 4th quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 47,892 shares of the company's stock worth $7,988,000 after acquiring an additional 9,786 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. grew its position in shares of GE Aerospace by 27.6% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 948,298 shares of the company's stock valued at $158,167,000 after acquiring an additional 205,407 shares during the period. Institutional investors and hedge funds own 74.77% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on GE. UBS Group upped their price objective on shares of GE Aerospace from $207.00 to $216.00 and gave the stock a "buy" rating in a research report on Wednesday, April 23rd. Northcoast Research raised GE Aerospace from a "neutral" rating to a "buy" rating and set a $205.00 target price for the company in a research note on Wednesday, April 9th. Wells Fargo & Company raised their price target on shares of GE Aerospace from $212.00 to $222.00 and gave the stock an "overweight" rating in a report on Thursday, April 24th. Deutsche Bank Aktiengesellschaft decreased their price objective on GE Aerospace from $235.00 to $228.00 and set a "buy" rating on the stock in a report on Thursday, January 2nd. Finally, Citigroup decreased their price target on GE Aerospace from $235.00 to $227.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. One equities research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $216.92.

GE Aerospace Stock Up 1.4 %

Shares of GE traded up $2.91 during midday trading on Thursday, hitting $204.45. The company had a trading volume of 1,890,301 shares, compared to its average volume of 5,359,477. GE Aerospace has a 1 year low of $150.20 and a 1 year high of $214.21. The firm has a market capitalization of $218.02 billion, a P/E ratio of 34.15, 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 quick ratio of 0.81 and a current ratio of 1.09. The company's 50-day simple moving average is $194.04 and its 200-day simple moving average is $186.92.

GE Aerospace (NYSE:GE - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The company reported $1.49 EPS for the quarter, topping 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 net margin of 14.31% and a return on equity of 22.19%. As a group, sell-side analysts expect that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 25th. Investors 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. The ex-dividend date was Monday, March 10th. This represents a $1.44 annualized dividend and a yield of 0.70%. GE Aerospace's payout ratio is presently 22.40%.

Insider Activity at GE Aerospace

In other GE Aerospace news, VP Robert M. Giglietti sold 4,104 shares of GE Aerospace stock in a transaction that occurred 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 transaction, the vice president now owns 11,540 shares of the company's stock, valued at $2,270,264.20. The trade was a 26.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.21% of the company's stock.

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.