Ensign Peak Advisors Inc Sells 25,840 Shares of GE Aerospace (NYSE:GE)

Ensign Peak Advisors Inc reduced its position in GE Aerospace (NYSE:GE - Free Report) by 1.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,661,728 shares of the company's stock after selling 25,840 shares during the quarter. Ensign Peak Advisors Inc owned 0.15% of GE Aerospace worth $277,160,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in GE. Principal Financial Group Inc. lifted 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 buying an additional 48,543 shares during the period. Fulton Bank N.A. raised its position in shares of GE Aerospace by 217.4% in the 4th quarter. Fulton Bank N.A. now owns 5,888 shares of the company's stock worth $982,000 after acquiring an additional 4,033 shares in the last quarter. Baker Tilly Wealth Management LLC lifted its stake in shares of GE Aerospace by 7.1% during the 4th quarter. Baker Tilly Wealth Management LLC now owns 2,459 shares of the company's stock worth $410,000 after purchasing an additional 163 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in GE Aerospace by 0.9% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 551,171 shares of the company's stock valued at $91,930,000 after purchasing an additional 4,828 shares in the last quarter. Finally, ST Germain D J Co. Inc. grew its stake in GE Aerospace by 20.6% in the fourth quarter. ST Germain D J Co. Inc. now owns 9,693 shares of the company's stock valued at $1,617,000 after purchasing an additional 1,656 shares during the last quarter. 74.77% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at GE Aerospace

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

GE Aerospace Stock Performance

NYSE GE opened at $214.64 on Friday. The stock has a market capitalization of $228.89 billion, a price-to-earnings ratio of 35.83, a PEG ratio of 2.59 and a beta of 1.31. The stock has a 50-day moving average of $194.92 and a 200 day moving average of $187.61. The company has a current ratio of 1.09, a quick ratio of 0.81 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 $216.80.

GE Aerospace (NYSE:GE - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The company reported $1.49 earnings per share for the quarter, topping 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 business had revenue of $9.94 billion during the quarter, compared to the consensus estimate of $9.06 billion. Sell-side analysts anticipate that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Monday, March 10th were given a $0.36 dividend. 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. This represents a $1.44 annualized dividend and a dividend yield of 0.67%. GE Aerospace's dividend payout ratio (DPR) is 22.40%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. UBS Group increased their price target on GE Aerospace from $207.00 to $216.00 and gave the company a "buy" rating in a research note on Wednesday, April 23rd. Royal Bank of Canada reissued an "outperform" rating and set a $220.00 target price on shares of GE Aerospace in a research report on Wednesday, April 23rd. Citigroup cut their price target on shares of GE Aerospace from $235.00 to $227.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Northcoast Research raised 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, Wells Fargo & Company increased their price objective on GE Aerospace from $212.00 to $222.00 and gave the company an "overweight" rating in a report on Thursday, April 24th. One analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $216.92.

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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