GE Aerospace (NYSE:GE) Shares Purchased by Elyxium Wealth LLC

Elyxium Wealth LLC raised its stake in shares of GE Aerospace (NYSE:GE - Free Report) by 233.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,078 shares of the company's stock after buying an additional 2,854 shares during the quarter. Elyxium Wealth LLC's holdings in GE Aerospace were worth $816,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of GE. New Age Alpha Advisors LLC increased its stake in shares of GE Aerospace by 133.3% during the 4th quarter. New Age Alpha Advisors LLC now owns 147 shares of the company's stock valued at $25,000 after acquiring an additional 84 shares during the last quarter. Sumitomo Mitsui Financial Group Inc. acquired a new position in shares of GE Aerospace in the 4th quarter valued at about $28,000. Putney Financial Group LLC acquired a new stake in GE Aerospace during the 4th quarter worth approximately $28,000. Copia Wealth Management raised its stake in shares of GE Aerospace by 14,200.0% in the 1st quarter. Copia Wealth Management now owns 143 shares of the company's stock valued at $29,000 after acquiring an additional 142 shares during the period. Finally, First Pacific Financial lifted its holdings in shares of GE Aerospace by 46.0% during the 1st quarter. First Pacific Financial now owns 165 shares of the company's stock valued at $33,000 after acquiring an additional 52 shares in the last quarter. Institutional investors and hedge funds own 74.77% of the company's stock.

Insider Activity

In related news, SVP Mohamed Ali sold 1,602 shares of the business's 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 completion of the sale, the senior vice president owned 8,805 shares of the company's stock, valued at approximately $1,766,899.35. The trade was a 15.39% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Robert M. Giglietti sold 4,104 shares of the firm'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 in the company, valued at $2,270,264.20. This represents a 26.23% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.21% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Citigroup reiterated a "buy" rating and set a $296.00 price objective (up previously from $227.00) on shares of GE Aerospace in a research note on Monday, July 14th. Wall Street Zen upgraded GE Aerospace from a "hold" rating to a "buy" rating in a research note on Friday. Wells Fargo & Company lifted their price objective on GE Aerospace from $212.00 to $222.00 and gave the stock an "overweight" rating in a report on Thursday, April 24th. UBS Group increased their target price on GE Aerospace from $300.00 to $321.00 and gave the company a "buy" rating in a research note on Friday. Finally, Northcoast Research downgraded shares of GE Aerospace from a "buy" rating to a "neutral" rating in a research report on Monday, May 19th. One analyst has rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $240.33.

GE Aerospace Stock Performance

GE opened at $263.49 on Friday. GE Aerospace has a 1-year low of $150.20 and a 1-year high of $272.80. The company has a market capitalization of $280.98 billion, a price-to-earnings ratio of 36.75, a price-to-earnings-growth ratio of 3.09 and a beta of 1.37. The business has a 50 day moving average price of $244.37 and a two-hundred day moving average price of $212.06. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.04 and a quick ratio of 0.77.

GE Aerospace (NYSE:GE - Get Free Report) last announced its quarterly earnings data on Thursday, July 17th. The company reported $1.66 EPS for the quarter, beating analysts' consensus estimates of $1.43 by $0.23. The company had revenue of $10.15 billion during the quarter, compared to the consensus estimate of $9.49 billion. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%. The company's quarterly revenue was up 21.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.20 EPS. Research analysts predict that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Announces Dividend

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 given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 0.55%. GE Aerospace's payout ratio is presently 20.08%.

About GE Aerospace

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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