Lincoln Capital Corp Has $2.96 Million Stake in GE Aerospace (NYSE:GE)

Lincoln Capital Corp boosted its holdings in shares of GE Aerospace (NYSE:GE - Free Report) by 49.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 14,781 shares of the company's stock after buying an additional 4,916 shares during the quarter. GE Aerospace accounts for about 1.2% of Lincoln Capital Corp's portfolio, making the stock its 27th largest holding. Lincoln Capital Corp's holdings in GE Aerospace were worth $2,958,000 at the end of the most recent quarter.

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

Insider Buying and Selling

In other GE Aerospace news, SVP Mohamed Ali sold 1,602 shares of GE Aerospace stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $200.67, for a total transaction 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. The trade was a 15.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Robert M. Giglietti sold 4,104 shares of the company's stock in a transaction that occurred on Thursday, April 24th. The stock was sold at an average price of $196.73, for a total value of $807,379.92. Following the sale, the vice president directly owned 11,540 shares of the company's stock, valued at $2,270,264.20. The trade was a 26.23% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.21% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on GE shares. 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 price objective on GE Aerospace from $212.00 to $222.00 and gave the company an "overweight" rating in a research note on Thursday, April 24th. Citigroup decreased their target price 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. Royal Bank Of Canada set a $275.00 target price on GE Aerospace and gave the company an "outperform" rating in a research report on Tuesday, June 3rd. Finally, UBS Group increased their price target on shares of GE Aerospace from $207.00 to $216.00 and gave the stock a "buy" rating in a research report on Wednesday, April 23rd. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $223.75.

GE Aerospace Stock Performance

Shares of GE Aerospace stock traded down $8.07 on Tuesday, reaching $249.32. 6,923,585 shares of the company were exchanged, compared to its average volume of 5,499,749. The firm has a market cap of $265.87 billion, a price-to-earnings ratio of 38.77, a P/E/G ratio of 3.07 and a beta of 1.38. GE Aerospace has a 1-year low of $150.20 and a 1-year high of $260.55. 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 is $230.21 and its two-hundred day moving average is $203.91.

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. GE Aerospace had a net margin of 17.63% and a return on equity of 29.15%. The firm had revenue of $9.94 billion during the quarter, compared to analyst estimates of $9.06 billion. As a group, research analysts expect that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Announces Dividend

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 paid 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 is presently 22.40%.

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.