GE Aerospace (NYSE:GE) Stock Holdings Lifted by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC lifted its holdings in GE Aerospace (NYSE:GE - Free Report) by 7.7% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 250,218 shares of the company's stock after purchasing an additional 17,952 shares during the period. GE Aerospace makes up 0.9% of Kingsview Wealth Management LLC's holdings, making the stock its 20th biggest holding. Kingsview Wealth Management LLC's holdings in GE Aerospace were worth $50,081,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its stake in shares of 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 lifted its holdings in shares of GE Aerospace by 7.1% during 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. Proficio Capital Partners LLC lifted its holdings in shares of GE Aerospace by 62.2% during the 4th quarter. Proficio Capital Partners LLC now owns 3,327 shares of the company's stock worth $555,000 after acquiring an additional 1,276 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of GE Aerospace during the 4th quarter worth about $849,000. Finally, Axxcess Wealth Management LLC increased its position in GE Aerospace by 0.7% during the 4th quarter. Axxcess Wealth Management LLC now owns 12,536 shares of the company's stock worth $2,091,000 after purchasing an additional 93 shares in the last quarter. Hedge funds and other institutional investors own 74.77% of the company's stock.

Analyst Ratings Changes

GE has been the subject of several recent research reports. Royal Bank Of Canada increased their price objective on shares of GE Aerospace from $275.00 to $300.00 and gave the company an "outperform" rating in a research report on Friday. Northcoast Research downgraded shares of GE Aerospace from a "buy" rating to a "neutral" rating in a research report on Monday, May 19th. UBS Group increased their price objective on shares of GE Aerospace from $300.00 to $321.00 and gave the company a "buy" rating in a research report on Friday. Citigroup reaffirmed a "buy" rating and issued a $296.00 price objective (up previously from $227.00) on shares of GE Aerospace in a research report on Monday. Finally, Wells Fargo & Company raised their price target on shares of GE Aerospace from $212.00 to $222.00 and gave the stock an "overweight" rating in a research report on Thursday, April 24th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat.com, GE Aerospace presently has an average rating of "Moderate Buy" and an average target price of $240.33.

GE Aerospace Stock Performance

GE stock traded up $3.21 during mid-day trading on Friday, reaching $263.49. The company had a trading volume of 8,605,410 shares, compared to its average volume of 5,646,118. The company has a quick ratio of 0.77, a current ratio of 1.08 and a debt-to-equity ratio of 0.90. The stock has a market capitalization of $280.98 billion, a P/E ratio of 40.98, a P/E/G ratio of 3.19 and a beta of 1.37. GE Aerospace has a one year low of $150.20 and a one year high of $272.80. The stock's 50-day simple moving average is $243.40 and its two-hundred day simple moving average is $211.08.

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

GE Aerospace Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Investors of record on Monday, July 7th will be paid 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 is currently 22.40%.

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 shares were sold at an average price of $200.67, for a total transaction of $321,473.34. Following the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Robert M. Giglietti sold 4,104 shares of GE Aerospace stock in a transaction dated Thursday, April 24th. The shares were sold at an average price of $196.73, for a total transaction of $807,379.92. Following the sale, the vice president owned 11,540 shares in the company, valued at approximately $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 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.