GE Aerospace (NYSE:GE) Shares Acquired by Dakota Wealth Management

Dakota Wealth Management lifted its holdings in GE Aerospace (NYSE:GE - Free Report) by 285.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 34,409 shares of the company's stock after acquiring an additional 25,485 shares during the period. Dakota Wealth Management's holdings in GE Aerospace were worth $6,887,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in GE. Copia Wealth Management lifted its stake in GE Aerospace by 14,200.0% in the first quarter. Copia Wealth Management now owns 143 shares of the company's stock worth $29,000 after purchasing an additional 142 shares during the last quarter. New Age Alpha Advisors LLC lifted its stake 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 purchasing an additional 84 shares during the last quarter. O Brien Wealth Partners LLC bought a new stake in GE Aerospace in the first quarter worth about $33,000. Sumitomo Mitsui Financial Group Inc. bought a new stake in GE Aerospace in the fourth quarter worth about $28,000. Finally, First Pacific Financial lifted its stake in GE Aerospace by 46.0% in the first quarter. First Pacific Financial now owns 165 shares of the company's stock worth $33,000 after purchasing an additional 52 shares during the last quarter. Institutional investors own 74.77% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on GE shares. Royal Bank Of Canada set a $275.00 price target on shares of GE Aerospace and gave the company an "outperform" rating in a research note on Tuesday, June 3rd. Northcoast Research downgraded shares of GE Aerospace from a "buy" rating to a "neutral" rating in a research note on Monday, May 19th. Wells Fargo & Company lifted their price target on shares of GE Aerospace from $212.00 to $222.00 and gave the company an "overweight" rating in a research note on Thursday, April 24th. UBS Group lifted their price target on shares of GE Aerospace from $207.00 to $216.00 and gave the company a "buy" rating in a research note on Wednesday, April 23rd. Finally, Citigroup reaffirmed a "buy" rating and set a $296.00 price target (up previously from $227.00) on shares of GE Aerospace in a research note on Monday. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $229.50.

Insiders Place Their Bets

In related news, SVP Mohamed Ali sold 1,602 shares of the business's stock in a transaction 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 completion of the transaction, the senior vice president directly owned 8,805 shares in the company, valued at $1,766,899.35. The trade was a 15.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Robert M. Giglietti sold 4,104 shares of the business's stock in a transaction on Thursday, April 24th. The shares were sold at an average price of $196.73, for a total transaction of $807,379.92. Following the transaction, the vice president owned 11,540 shares of the company's stock, valued at $2,270,264.20. This represents a 26.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.21% of the stock is owned by insiders.

GE Aerospace Stock Down 1.3%

GE stock traded down $3.45 during trading on Thursday, hitting $262.73. 11,179,499 shares of the company's stock traded hands, compared to its average volume of 5,617,062. The business has a fifty day simple moving average of $242.49 and a two-hundred day simple moving average of $210.45. The company has a quick ratio of 0.77, a current ratio of 1.08 and a debt-to-equity ratio of 0.90. GE Aerospace has a 1 year low of $150.20 and a 1 year high of $279.71. The firm has a market capitalization of $280.18 billion, a P/E ratio of 40.80, a PEG ratio of 3.17 and a beta of 1.37.

GE Aerospace (NYSE:GE - Get Free Report) last released its quarterly earnings results on Thursday, July 17th. The company reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.23. The business had revenue of $10.15 billion for the quarter, compared to analyst estimates of $9.49 billion. GE Aerospace had a net margin of 17.63% and a return on equity of 29.15%. The business's revenue for the quarter was up 21.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.20 earnings per share. Sell-side analysts anticipate that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Monday, July 7th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.55%. GE Aerospace's dividend payout ratio (DPR) is presently 22.40%.

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.