GE Aerospace (NYSE:GE) Shares Sold by Brown Advisory Inc.

Brown Advisory Inc. reduced its stake in GE Aerospace (NYSE:GE - Free Report) by 2.5% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 5,946,765 shares of the company's stock after selling 150,554 shares during the quarter. GE Aerospace makes up 1.7% of Brown Advisory Inc.'s investment portfolio, making the stock its 10th largest holding. Brown Advisory Inc. owned approximately 0.56% of GE Aerospace worth $1,190,245,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GE. Brighton Jones LLC raised its stake in shares of GE Aerospace by 25.3% in the fourth quarter. Brighton Jones LLC now owns 12,008 shares of the company's stock valued at $2,003,000 after purchasing an additional 2,421 shares in the last quarter. Revolve Wealth Partners LLC raised its stake in GE Aerospace by 7.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 2,251 shares of the company's stock worth $375,000 after acquiring an additional 150 shares in the last quarter. Proficio Capital Partners LLC increased its stake in shares of GE Aerospace by 62.2% in the fourth quarter. Proficio Capital Partners LLC now owns 3,327 shares of the company's stock valued at $555,000 after buying an additional 1,276 shares in the last quarter. Vestmark Advisory Solutions Inc. increased its stake in shares of GE Aerospace by 30.9% in the fourth quarter. Vestmark Advisory Solutions Inc. now owns 1,723 shares of the company's stock valued at $287,000 after buying an additional 407 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC increased its stake in shares of GE Aerospace by 16.7% in the fourth quarter. Ashton Thomas Private Wealth LLC now owns 4,267 shares of the company's stock valued at $713,000 after buying an additional 612 shares in the last quarter. 74.77% of the stock is currently owned by institutional investors and hedge funds.

GE Aerospace Stock Performance

Shares of GE stock traded up $2.26 during trading on Thursday, reaching $252.59. 4,637,082 shares of the company's stock were exchanged, compared to its average volume of 5,532,644. 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 firm's fifty day moving average price is $237.24 and its 200-day moving average price is $207.36. GE Aerospace has a twelve month low of $150.20 and a twelve month high of $260.55. The stock has a market capitalization of $269.36 billion, a PE ratio of 39.28, a PEG ratio of 2.98 and a beta of 1.37.

GE Aerospace (NYSE:GE - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The company reported $1.49 EPS for the quarter, beating analysts' consensus estimates 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%. As a group, sell-side analysts anticipate that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Investors of record on Monday, July 7th will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 0.57%. GE Aerospace's dividend payout ratio is 22.40%.

Wall Street Analysts Forecast Growth

GE has been the subject of a number of research reports. 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 research report on Thursday, April 24th. Royal Bank Of Canada set a $275.00 price objective on GE Aerospace and gave the company an "outperform" rating in a report on Tuesday, June 3rd. UBS Group boosted their target price on GE Aerospace from $207.00 to $216.00 and gave the company a "buy" rating in a research note on Wednesday, April 23rd. Citigroup cut their target price on GE Aerospace from $235.00 to $227.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Finally, Northcoast Research cut GE Aerospace from a "buy" rating to a "neutral" rating in a research note on Monday, May 19th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, GE Aerospace presently has a consensus rating of "Moderate Buy" and a consensus price target of $223.75.

Insider Buying and Selling at GE Aerospace

In other news, SVP Mohamed Ali sold 1,602 shares of the firm's stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $200.67, for a total value of $321,473.34. Following the sale, the senior vice president directly 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Robert M. Giglietti sold 4,104 shares of the stock in a transaction dated Thursday, April 24th. The shares were sold at an average price of $196.73, for a total value of $807,379.92. Following the completion of 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. Company insiders own 0.21% of the company's stock.

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.