Brown Advisory Inc. Lowers Stake in GE Aerospace (NYSE:GE)

Brown Advisory Inc. lowered its stake in GE Aerospace (NYSE:GE - Free Report) by 2.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,946,765 shares of the company's stock after selling 150,554 shares during the quarter. GE Aerospace comprises approximately 1.7% of Brown Advisory Inc.'s holdings, making the stock its 10th largest holding. Brown Advisory Inc. owned 0.56% of GE Aerospace worth $1,190,245,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in GE. Highview Capital Management LLC DE raised its stake in GE Aerospace by 1.9% during the 1st quarter. Highview Capital Management LLC DE now owns 6,352 shares of the company's stock worth $1,271,000 after buying an additional 116 shares during the period. China Universal Asset Management Co. Ltd. raised its stake in GE Aerospace by 12.1% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 6,015 shares of the company's stock worth $1,206,000 after buying an additional 647 shares during the period. Alpha Cubed Investments LLC raised its stake in GE Aerospace by 169.3% during the 1st quarter. Alpha Cubed Investments LLC now owns 5,109 shares of the company's stock worth $1,023,000 after buying an additional 3,212 shares during the period. Horst & Graben Wealth Management LLC acquired a new stake in GE Aerospace during the 1st quarter worth $250,000. Finally, Capital Management Associates Inc raised its stake in GE Aerospace by 68.8% during the 1st quarter. Capital Management Associates Inc now owns 3,902 shares of the company's stock worth $781,000 after buying an additional 1,591 shares during the period. Institutional investors and hedge funds own 74.77% of the company's stock.

Wall Street Analysts Forecast Growth

GE has been the topic of several research analyst reports. Citigroup dropped their price objective 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. UBS Group increased their target price on GE Aerospace from $207.00 to $216.00 and gave the stock a "buy" rating in a report on Wednesday, April 23rd. Wells Fargo & Company boosted their price target on GE Aerospace from $212.00 to $222.00 and gave the company an "overweight" rating in a report on Thursday, April 24th. Royal Bank Of Canada set a $275.00 price objective on GE Aerospace and gave the stock an "outperform" rating in a report on Tuesday, June 3rd. Finally, Northcoast Research downgraded GE Aerospace from a "buy" rating to a "neutral" rating in a report 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's stock. According to data from MarketBeat.com, GE Aerospace has an average rating of "Moderate Buy" and an average price target of $223.75.

GE Aerospace Stock Up 1.3%

Shares of NYSE:GE traded up $3.34 during mid-day trading on Wednesday, reaching $250.39. 1,785,672 shares of the stock were exchanged, compared to its average volume of 5,508,646. 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 company has a market cap of $267.01 billion, a P/E ratio of 38.87, a P/E/G ratio of 3.00 and a beta of 1.37. GE Aerospace has a one year low of $150.20 and a one year high of $260.55. The stock's 50 day simple moving average is $236.28 and its 200-day simple moving average is $207.07.

GE Aerospace (NYSE:GE - Get Free Report) last issued its quarterly earnings results 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 firm had revenue of $9.94 billion during the quarter, compared to analysts' expectations of $9.06 billion. As a group, equities research analysts predict that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Announces Dividend

The business 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 yield of 0.58%. GE Aerospace's dividend payout ratio (DPR) is presently 22.40%.

Insider Buying and Selling

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 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 directly owned 8,805 shares of the company's stock, valued at $1,766,899.35. This trade represents a 15.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Robert M. Giglietti sold 4,104 shares of the firm's stock in a transaction that occurred on 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 sale, the vice president directly owned 11,540 shares of the company's stock, valued at approximately $2,270,264.20. The trade was 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.