GE Aerospace (NYSE:GE) Shares Bought by Sava Infond d.o.o.

Sava Infond d.o.o. raised its stake in shares of GE Aerospace (NYSE:GE - Free Report) by 69.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 25,060 shares of the company's stock after acquiring an additional 10,250 shares during the period. GE Aerospace makes up 1.0% of Sava Infond d.o.o.'s investment portfolio, making the stock its 23rd biggest holding. Sava Infond d.o.o.'s holdings in GE Aerospace were worth $5,016,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GE. Brighton Jones LLC increased its position in GE Aerospace by 25.3% during the 4th quarter. Brighton Jones LLC now owns 12,008 shares of the company's stock worth $2,003,000 after purchasing an additional 2,421 shares during the period. Revolve Wealth Partners LLC grew its holdings in shares of GE Aerospace by 7.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,251 shares of the company's stock worth $375,000 after acquiring an additional 150 shares during the period. Pinnacle Financial Partners Inc grew its holdings in shares of GE Aerospace by 3.4% in the 4th quarter. Pinnacle Financial Partners Inc now owns 7,213 shares of the company's stock worth $1,203,000 after acquiring an additional 235 shares during the period. Olympiad Research LP acquired a new stake in shares of GE Aerospace in the 4th quarter worth approximately $242,000. Finally, Wealthspire Advisors LLC grew its holdings in shares of GE Aerospace by 7.6% in the 4th quarter. Wealthspire Advisors LLC now owns 21,066 shares of the company's stock worth $3,514,000 after acquiring an additional 1,483 shares during the period. 74.77% of the stock is owned by hedge funds and other institutional investors.

GE Aerospace Trading Up 1.4%

Shares of GE traded up $3.50 during trading hours on Friday, hitting $254.50. The stock had a trading volume of 26,986,431 shares, compared to its average volume of 5,495,058. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.77 and a current ratio of 1.08. The firm has a market cap of $271.39 billion, a P/E ratio of 39.58, a P/E/G ratio of 3.03 and a beta of 1.38. The company's fifty day simple moving average is $228.63 and its 200 day simple moving average is $202.77. GE Aerospace has a 12-month low of $150.20 and a 12-month 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 EPS for the quarter, beating the consensus estimate of $1.29 by $0.20. GE Aerospace had a return on equity of 29.15% and a net margin of 17.63%. The company had revenue of $9.94 billion for the quarter, compared to analyst estimates of $9.06 billion. Equities research analysts forecast that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Monday, July 7th will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 0.57%. GE Aerospace's dividend payout ratio (DPR) is presently 22.40%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Northcoast Research cut GE Aerospace from a "buy" rating to a "neutral" rating in a report on Monday, May 19th. Wells Fargo & Company upped their price target on GE Aerospace from $212.00 to $222.00 and gave the stock an "overweight" rating in a report on Thursday, April 24th. Royal Bank Of Canada set a $275.00 price target on GE Aerospace and gave the stock an "outperform" rating in a report on Tuesday, June 3rd. Citigroup lowered their price target on GE Aerospace from $235.00 to $227.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Finally, UBS Group upped their price target on GE Aerospace from $207.00 to $216.00 and gave the stock a "buy" rating in a report on Wednesday, April 23rd. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $221.15.

Insider Buying and Selling at GE Aerospace

In other GE Aerospace news, VP Robert M. Giglietti sold 4,104 shares of the firm's stock in a transaction dated 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 now directly owns 11,540 shares of the company's stock, valued at $2,270,264.20. This trade represents a 26.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Mohamed Ali sold 1,602 shares of the firm's stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $200.67, for a total value of $321,473.34. Following the completion of the transaction, the senior vice president now directly owns 8,805 shares in the company, valued at $1,766,899.35. This trade represents a 15.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.21% of the stock is currently 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.