GE Aerospace (NYSE:GE) Shares Sold by MBA Advisors LLC

MBA Advisors LLC lowered its position in GE Aerospace (NYSE:GE - Free Report) by 43.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,891 shares of the company's stock after selling 2,932 shares during the quarter. MBA Advisors LLC's holdings in GE Aerospace were worth $779,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in GE. Norges Bank acquired a new stake in GE Aerospace during the fourth quarter worth approximately $2,375,439,000. GAMMA Investing LLC raised its holdings in GE Aerospace by 23,611.7% during the first quarter. GAMMA Investing LLC now owns 5,065,997 shares of the company's stock worth $1,013,959,000 after purchasing an additional 5,044,632 shares in the last quarter. Janus Henderson Group PLC raised its holdings in GE Aerospace by 87.7% during the fourth quarter. Janus Henderson Group PLC now owns 3,581,799 shares of the company's stock worth $597,412,000 after purchasing an additional 1,673,365 shares in the last quarter. Invesco Ltd. raised its holdings in GE Aerospace by 14.4% during the fourth quarter. Invesco Ltd. now owns 9,544,757 shares of the company's stock worth $1,591,970,000 after purchasing an additional 1,204,910 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in GE Aerospace during the fourth quarter worth approximately $194,208,000. Hedge funds and other institutional investors own 74.77% of the company's stock.

Insider Buying and Selling at GE Aerospace

In other GE Aerospace news, 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 transaction of $321,473.34. Following the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Robert M. Giglietti sold 4,104 shares of the business'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 owned 11,540 shares in the company, valued at $2,270,264.20. This represents 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 insiders.

GE Aerospace Stock Performance

GE traded up $2.03 during trading on Friday, hitting $246.78. The stock had a trading volume of 3,089,499 shares, compared to its average volume of 5,509,984. 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 firm has a market capitalization of $263.16 billion, a P/E ratio of 38.38, a PEG ratio of 2.98 and a beta of 1.37. The company's 50-day moving average price is $233.42 and its 200 day moving average price is $205.06. GE Aerospace has a twelve month low of $150.20 and a twelve month high of $260.55.

GE Aerospace (NYSE:GE - Get Free Report) last issued its earnings results 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 for the quarter, compared to analyst estimates of $9.06 billion. GE Aerospace had a net margin of 17.63% and a return on equity of 29.15%. On average, equities research analysts forecast that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 25th. Shareholders 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 dividend yield of 0.58%. GE Aerospace's payout ratio is currently 22.40%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Wells Fargo & Company lifted their target price on shares of GE Aerospace from $212.00 to $222.00 and gave the company an "overweight" rating in a report on Thursday, April 24th. UBS Group lifted 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. Northcoast Research cut shares of GE Aerospace from a "buy" rating to a "neutral" rating in a report on Monday, May 19th. Royal Bank Of Canada set a $275.00 target price on shares of GE Aerospace and gave the company an "outperform" rating in a report on Tuesday, June 3rd. Finally, Citigroup cut their target price on shares of GE Aerospace from $235.00 to $227.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat, GE Aerospace currently has a consensus rating of "Moderate Buy" and a consensus price target of $223.75.

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.