Telos Capital Management Inc. Sells 1,691 Shares of GE Aerospace (NYSE:GE)

Telos Capital Management Inc. lessened its stake in GE Aerospace (NYSE:GE - Free Report) by 36.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,005 shares of the company's stock after selling 1,691 shares during the quarter. Telos Capital Management Inc.'s holdings in GE Aerospace were worth $601,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of GE Aerospace by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 89,815,318 shares of the company's stock worth $14,980,297,000 after purchasing an additional 410,172 shares during the last quarter. FMR LLC boosted its holdings in GE Aerospace by 1.5% in the fourth quarter. FMR LLC now owns 66,823,968 shares of the company's stock worth $11,145,570,000 after purchasing an additional 965,012 shares in the last quarter. Geode Capital Management LLC increased its position in GE Aerospace by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 23,117,418 shares of the company's stock worth $3,846,587,000 after buying an additional 529,457 shares during the last quarter. Norges Bank acquired a new position in GE Aerospace during the fourth quarter worth $2,375,439,000. Finally, Northern Trust Corp raised its holdings in GE Aerospace by 5.8% during the fourth quarter. Northern Trust Corp now owns 10,046,867 shares of the company's stock valued at $1,675,717,000 after buying an additional 553,104 shares in the last quarter. Hedge funds and other institutional investors own 74.77% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on GE. Citigroup decreased their price target on GE Aerospace from $235.00 to $227.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Wells Fargo & Company increased 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. Northcoast Research cut shares of GE Aerospace from a "buy" rating to a "neutral" rating in a research note on Monday, May 19th. Royal Bank Of Canada set a $275.00 price objective on shares of GE Aerospace and gave the stock an "outperform" rating in a report on Tuesday, June 3rd. Finally, UBS Group lifted their target price on shares of GE Aerospace from $207.00 to $216.00 and gave the stock a "buy" rating in a report on Wednesday, April 23rd. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, GE Aerospace currently has a consensus rating of "Moderate Buy" and an average price target of $223.75.

GE Aerospace Stock Performance

GE Aerospace stock traded up $2.92 during mid-day trading on Friday, reaching $255.49. The company had a trading volume of 7,838,134 shares, compared to its average volume of 5,549,492. The company has a 50 day moving average of $238.22 and a 200-day moving average of $207.94. GE Aerospace has a 52 week low of $150.20 and a 52 week high of $260.55. 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 has a market cap of $272.45 billion, a price-to-earnings ratio of 39.73, a PEG ratio of 3.05 and a beta of 1.37.

GE Aerospace (NYSE:GE - Get Free Report) last released its earnings results on Tuesday, April 22nd. The company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.20. GE Aerospace had a net margin of 17.63% and a return on equity of 29.15%. The business had revenue of $9.94 billion during the quarter, compared to analysts' expectations of $9.06 billion. On average, sell-side analysts expect that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 25th. Investors of record on Monday, July 7th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.56%. GE Aerospace's payout ratio is 22.40%.

Insider Buying and Selling at GE Aerospace

In other GE Aerospace news, VP Robert M. Giglietti sold 4,104 shares of the firm's 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 completion of the transaction, the vice president owned 11,540 shares in the company, valued at $2,270,264.20. This trade represents a 26.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Mohamed Ali sold 1,602 shares of the business's stock in a transaction 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 completion of the sale, the senior vice president directly owned 8,805 shares in the company, valued at approximately $1,766,899.35. This represents a 15.39% decrease in their position. The disclosure for this sale can be found here. 0.21% of the stock is owned by company insiders.

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.