Nicholson Meyer Capital Management Inc. Acquires Shares of 4,217 GE Aerospace (NYSE:GE)

Nicholson Meyer Capital Management Inc. purchased a new stake in GE Aerospace (NYSE:GE - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 4,217 shares of the company's stock, valued at approximately $844,000. GE Aerospace comprises 0.8% of Nicholson Meyer Capital Management Inc.'s portfolio, making the stock its 23rd biggest position.

A number of other hedge funds have also modified their holdings of the company. New Age Alpha Advisors LLC raised its holdings in GE Aerospace by 133.3% during the 4th quarter. New Age Alpha Advisors LLC now owns 147 shares of the company's stock worth $25,000 after buying an additional 84 shares during the period. Sumitomo Mitsui Financial Group Inc. bought a new stake in shares of GE Aerospace during the fourth quarter worth $28,000. Putney Financial Group LLC acquired a new stake in shares of GE Aerospace during the fourth quarter worth $28,000. CBIZ Investment Advisory Services LLC bought a new stake in GE Aerospace in the 4th quarter valued at $29,000. Finally, Copia Wealth Management boosted its stake 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 currently owned by institutional investors and hedge funds.

GE Aerospace Stock Up 0.8%

GE stock traded up $2.03 during mid-day trading on Thursday, reaching $246.78. The company had a trading volume of 3,089,499 shares, compared to its average volume of 5,498,299. The company has a market capitalization of $263.16 billion, a price-to-earnings ratio of 38.38, a PEG ratio of 3.00 and a beta of 1.37. GE Aerospace has a 52 week low of $150.20 and a 52 week high of $260.55. The stock has a 50 day simple moving average of $232.43 and a two-hundred day simple moving average of $204.51. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.08 and a quick ratio of 0.77.

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

GE Aerospace Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Monday, July 7th will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.58%. GE Aerospace's dividend payout ratio (DPR) is presently 22.40%.

Insider Activity

In other news, VP Robert M. Giglietti sold 4,104 shares of the company's 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 sale, the vice president directly owned 11,540 shares of the company's stock, valued at approximately $2,270,264.20. This represents a 26.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 value of $321,473.34. Following the transaction, the senior vice president owned 8,805 shares of the company's stock, valued at $1,766,899.35. The trade was a 15.39% decrease in their position. The disclosure for this sale can be found here. 0.21% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. UBS Group lifted their price target on GE Aerospace from $207.00 to $216.00 and gave the company a "buy" rating in a research note on Wednesday, April 23rd. Citigroup decreased their price objective on GE Aerospace from $235.00 to $227.00 and set a "buy" rating for the company in a report 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. Wells Fargo & Company boosted their target price on GE Aerospace from $212.00 to $222.00 and gave the company an "overweight" rating in a research note on Thursday, April 24th. Finally, Northcoast Research cut shares of GE Aerospace from a "buy" rating to a "neutral" rating in a research note on Monday, May 19th. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat, GE Aerospace presently 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.