World Investment Advisors Decreases Stock Holdings in GE Aerospace (NYSE:GE)

World Investment Advisors cut its holdings in GE Aerospace (NYSE:GE - Free Report) by 11.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,077 shares of the company's stock after selling 1,621 shares during the period. World Investment Advisors' holdings in GE Aerospace were worth $2,617,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. New Age Alpha Advisors LLC raised its position in shares of GE Aerospace by 133.3% during the 4th quarter. New Age Alpha Advisors LLC now owns 147 shares of the company's stock valued at $25,000 after buying an additional 84 shares in the last quarter. Sumitomo Mitsui Financial Group Inc. purchased a new position in GE Aerospace in the 4th quarter worth $28,000. Putney Financial Group LLC purchased a new position in GE Aerospace in the 4th quarter worth $28,000. CBIZ Investment Advisory Services LLC purchased a new position in GE Aerospace in the 4th quarter worth $29,000. Finally, Copia Wealth Management raised its position in GE Aerospace by 14,200.0% in the 1st quarter. Copia Wealth Management now owns 143 shares of the company's stock worth $29,000 after purchasing an additional 142 shares during the period. 74.77% of the stock is owned by institutional investors.

GE Aerospace Trading Up 0.8%

Shares of GE traded up $2.03 during trading hours on Monday, reaching $248.91. 5,335,189 shares of the company traded hands, compared to its average volume of 5,512,799. The company's fifty day moving average price is $234.38 and its two-hundred day moving average price is $206.23. The company has a market capitalization of $265.44 billion, a price-to-earnings ratio of 38.71, a price-to-earnings-growth ratio of 2.98 and a beta of 1.37. The company has a quick ratio of 0.77, a current ratio of 1.08 and a debt-to-equity ratio of 0.90. 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 posted 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. 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 for the quarter, compared to analyst estimates of $9.06 billion. Equities research analysts predict that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Dividend Announcement

The firm 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 annualized dividend and a yield of 0.58%. GE Aerospace's payout ratio is currently 22.40%.

Wall Street Analysts Forecast Growth

GE has been the topic of a number of analyst reports. Northcoast Research cut shares of GE Aerospace from a "buy" rating to a "neutral" rating in a research report on Monday, May 19th. Wells Fargo & Company lifted their target price 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. Citigroup decreased their target price on shares of GE Aerospace from $235.00 to $227.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. UBS Group raised their price target 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. Finally, Royal Bank Of Canada set a $275.00 price target on shares of GE Aerospace and gave the stock an "outperform" rating in a report on Tuesday, June 3rd. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $223.75.

Insider Activity

In other GE Aerospace news, 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 value of $807,379.92. Following the completion of 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Mohamed Ali sold 1,602 shares of GE Aerospace stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $200.67, for a total transaction of $321,473.34. Following the completion of the transaction, 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 disclosure for this sale can be found here. Insiders own 0.21% of the company's stock.

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.