Brown Advisory Inc. Has $1.19 Billion Position in GE Aerospace (NYSE:GE)

Brown Advisory Inc. decreased its position in shares of GE Aerospace (NYSE:GE - Free Report) by 2.5% in the 1st quarter, according to the company in its most recent 13F 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 comprises approximately 1.7% of Brown Advisory Inc.'s investment portfolio, making the stock its 10th largest position. Brown Advisory Inc. owned approximately 0.56% of GE Aerospace worth $1,190,245,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC grew its holdings 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 acquiring an additional 2,421 shares during the period. Revolve Wealth Partners LLC boosted its position 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 valued at $375,000 after purchasing an additional 150 shares in the last quarter. Proficio Capital Partners LLC grew its stake in GE Aerospace by 62.2% during the fourth quarter. Proficio Capital Partners LLC now owns 3,327 shares of the company's stock worth $555,000 after purchasing an additional 1,276 shares during the period. Vestmark Advisory Solutions Inc. increased its holdings in GE Aerospace by 30.9% in the fourth quarter. Vestmark Advisory Solutions Inc. now owns 1,723 shares of the company's stock worth $287,000 after purchasing an additional 407 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC lifted its stake in 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 during the period. Institutional investors and hedge funds own 74.77% of the company's stock.

Insider Buying and Selling

In other GE Aerospace news, SVP Mohamed Ali sold 1,602 shares of the 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 transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Robert M. Giglietti sold 4,104 shares of the 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 transaction, 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. 0.21% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

GE has been the subject of a number of research analyst reports. Citigroup decreased their target price on GE Aerospace from $235.00 to $227.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Wells Fargo & Company boosted their price objective on GE Aerospace from $212.00 to $222.00 and gave the company an "overweight" rating in a report on Thursday, April 24th. 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. Royal Bank Of Canada set a $275.00 price target on shares of GE Aerospace and gave the company an "outperform" rating in a research report on Tuesday, June 3rd. Finally, Northcoast Research downgraded shares of GE Aerospace from a "buy" rating to a "neutral" rating in a report on Monday, May 19th. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, GE Aerospace presently has an average rating of "Moderate Buy" and an average price target of $223.75.

GE Aerospace Stock Performance

NYSE:GE traded up $2.92 during mid-day trading on Friday, reaching $255.49. The company's stock had a trading volume of 7,838,134 shares, compared to its average volume of 5,549,492. The company has a current ratio of 1.08, a quick ratio of 0.77 and a debt-to-equity ratio of 0.90. The stock has a market cap of $272.45 billion, a P/E ratio of 39.73, a PEG ratio of 3.05 and a beta of 1.37. The firm's fifty day moving average price is $239.17 and its two-hundred day moving average price is $208.52. 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 issued its quarterly earnings data on Tuesday, April 22nd. The company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.29 by $0.20. The company had revenue of $9.94 billion during 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%. On average, equities analysts forecast that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Dividend Announcement

The firm also recently announced 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 0.56%. GE Aerospace's dividend payout ratio (DPR) is 22.40%.

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.