CapWealth Advisors LLC Sells 59,251 Shares of GE Aerospace (NYSE:GE)

CapWealth Advisors LLC trimmed its position in GE Aerospace (NYSE:GE - Free Report) by 36.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 104,456 shares of the company's stock after selling 59,251 shares during the period. GE Aerospace makes up approximately 2.3% of CapWealth Advisors LLC's investment portfolio, making the stock its 16th largest holding. CapWealth Advisors LLC's holdings in GE Aerospace were worth $20,907,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Stratos Investment Management LLC bought a new stake in shares of GE Aerospace in the first quarter valued at about $237,000. NTV Asset Management LLC lifted its holdings in shares of GE Aerospace by 1.1% in the first quarter. NTV Asset Management LLC now owns 7,940 shares of the company's stock valued at $1,589,000 after purchasing an additional 85 shares in the last quarter. Garrett Wealth Advisory Group LLC bought a new stake in shares of GE Aerospace in the first quarter valued at about $202,000. Highview Capital Management LLC DE lifted its holdings in shares of GE Aerospace by 1.9% in the first quarter. Highview Capital Management LLC DE now owns 6,352 shares of the company's stock valued at $1,271,000 after purchasing an additional 116 shares in the last quarter. Finally, China Universal Asset Management Co. Ltd. lifted its holdings in shares of GE Aerospace by 12.1% in the first quarter. China Universal Asset Management Co. Ltd. now owns 6,015 shares of the company's stock valued at $1,206,000 after purchasing an additional 647 shares in the last quarter. 74.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on GE shares. UBS Group boosted their price target on GE Aerospace from $207.00 to $216.00 and gave the company a "buy" rating in a report on Wednesday, April 23rd. Citigroup dropped their target price on GE Aerospace from $235.00 to $227.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Royal Bank Of Canada set a $275.00 target price on GE Aerospace and gave the stock an "outperform" rating in a report on Tuesday, June 3rd. Northcoast Research lowered GE Aerospace from a "buy" rating to a "neutral" rating in a report on Monday, May 19th. Finally, Wells Fargo & Company upped their target price on GE Aerospace from $212.00 to $222.00 and gave the stock an "overweight" rating in a report on Thursday, April 24th. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, GE Aerospace has an average rating of "Moderate Buy" and a consensus target price of $223.75.

GE Aerospace Stock Performance

NYSE:GE traded up $2.92 on Friday, hitting $255.49. The company's stock had a trading volume of 7,838,134 shares, compared to its average volume of 5,549,492. The company has a current ratio of 1.08, a quick ratio of 0.77 and a debt-to-equity ratio of 0.90. The stock has a fifty day moving average of $239.17 and a two-hundred day moving average of $208.52. The firm has a market capitalization of $272.45 billion, a P/E ratio of 39.73, a price-to-earnings-growth ratio of 3.05 and a beta of 1.37. GE Aerospace has a one year low of $150.20 and a one year high of $260.55.

GE Aerospace (NYSE:GE - Get Free Report) last released its quarterly earnings data 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 analyst estimates of $9.06 billion. GE Aerospace had a return on equity of 29.15% and a net margin of 17.63%. Research analysts predict that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Monday, July 7th will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 0.56%. GE Aerospace's dividend payout ratio is 22.40%.

Insider Activity at GE Aerospace

In other 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 transaction, the vice president owned 11,540 shares of the company's stock, valued at approximately $2,270,264.20. This 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 can be accessed through this link. Also, SVP Mohamed Ali sold 1,602 shares of the stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $200.67, for a total value of $321,473.34. Following the transaction, the senior vice president owned 8,805 shares in the company, valued at approximately $1,766,899.35. This trade represents a 15.39% decrease in their position. The disclosure for this sale can be found here. 0.21% of the stock is owned by corporate 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.