GE Aerospace (NYSE:GE) Shares Sold by International Assets Investment Management LLC

International Assets Investment Management LLC reduced its stake in shares of GE Aerospace (NYSE:GE - Free Report) by 15.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,479 shares of the company's stock after selling 2,739 shares during the period. International Assets Investment Management LLC's holdings in GE Aerospace were worth $2,898,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Pacific Sage Partners LLC acquired a new stake in shares of GE Aerospace during the 1st quarter worth about $236,000. Cornerstone Wealth Group LLC lifted its stake in shares of GE Aerospace by 1.3% during the first quarter. Cornerstone Wealth Group LLC now owns 4,556 shares of the company's stock valued at $912,000 after buying an additional 60 shares during the period. PBMares Wealth Management LLC boosted its position in GE Aerospace by 16.1% during the first quarter. PBMares Wealth Management LLC now owns 1,443 shares of the company's stock worth $289,000 after acquiring an additional 200 shares during the last quarter. Sheets Smith Wealth Management purchased a new stake in GE Aerospace in the 1st quarter worth approximately $566,000. Finally, Sava Infond d.o.o. grew its stake in GE Aerospace by 69.2% in the 1st quarter. Sava Infond d.o.o. now owns 25,060 shares of the company's stock worth $5,016,000 after acquiring an additional 10,250 shares during the period. Hedge funds and other institutional investors own 74.77% of the company's stock.

Insider Activity

In other news, VP Robert M. Giglietti sold 4,104 shares of the firm's stock in a transaction dated Thursday, April 24th. The stock was sold at an average price of $196.73, for a total transaction of $807,379.92. Following the completion of the sale, the vice president now directly owns 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Mohamed Ali sold 1,602 shares of the business's stock in a transaction dated 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 transaction, the senior vice president now owns 8,805 shares in the company, valued at approximately $1,766,899.35. This trade represents a 15.39% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.21% of the company's stock.

Analyst Upgrades and Downgrades

GE has been the topic of a number of recent analyst reports. Royal Bank Of Canada set a $275.00 price target on GE Aerospace and gave the stock an "outperform" rating in a research note on Tuesday, June 3rd. Citigroup reduced their target price on GE Aerospace from $235.00 to $227.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Northcoast Research lowered GE Aerospace from a "buy" rating to a "neutral" rating in a research note on Monday, May 19th. Wells Fargo & Company upped their price objective on shares of GE Aerospace from $212.00 to $222.00 and gave the company an "overweight" rating in a research note on Thursday, April 24th. Finally, UBS Group boosted their target price on shares of GE Aerospace from $207.00 to $216.00 and gave the company a "buy" rating in a report on Wednesday, April 23rd. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, GE Aerospace has an average rating of "Moderate Buy" and a consensus target price of $221.15.

GE Aerospace Trading Up 1.4%

NYSE GE opened at $254.50 on Friday. GE Aerospace has a one year low of $150.20 and a one year high of $260.55. The firm has a market capitalization of $271.39 billion, a price-to-earnings ratio of 39.58, a PEG ratio of 3.03 and a beta of 1.38. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.77 and a current ratio of 1.08. The company's 50 day moving average price is $228.63 and its 200 day moving average price is $202.77.

GE Aerospace (NYSE:GE - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The company reported $1.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.29 by $0.20. The business 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, sell-side analysts predict that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Dividend Announcement

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

GE Aerospace Company 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.