Smith Salley Wealth Management purchased a new position in shares of GE Aerospace (NYSE:GE - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund purchased 1,142 shares of the company's stock, valued at approximately $229,000.
Several other institutional investors also recently modified their holdings of GE. New Age Alpha Advisors LLC grew its holdings in GE Aerospace by 133.3% during the fourth 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 during the period. Sumitomo Mitsui Financial Group Inc. acquired a new position in GE Aerospace during the fourth quarter valued at approximately $28,000. Putney Financial Group LLC acquired a new position in GE Aerospace during the fourth quarter valued at approximately $28,000. CBIZ Investment Advisory Services LLC acquired a new position in GE Aerospace during the fourth quarter valued at approximately $29,000. Finally, Copia Wealth Management grew its holdings in GE Aerospace by 14,200.0% during the first quarter. Copia Wealth Management now owns 143 shares of the company's stock valued at $29,000 after purchasing an additional 142 shares during the period. Institutional investors and hedge funds own 74.77% of the company's stock.
GE Aerospace Stock Up 0.8%
Shares of GE Aerospace stock traded up $2.03 during trading hours on Friday, reaching $246.78. 3,089,499 shares of the company's stock were exchanged, compared to its average volume of 5,513,512. The stock has a market cap of $263.16 billion, a P/E ratio of 38.38, a P/E/G ratio of 2.98 and a beta of 1.37. The company has a 50 day moving average of $234.38 and a two-hundred day moving average of $205.94. The company has a current ratio of 1.08, a quick ratio of 0.77 and a debt-to-equity ratio of 0.90. GE Aerospace has a fifty-two week low of $150.20 and a fifty-two week high of $260.55.
GE Aerospace (NYSE:GE - Get Free Report) last released its earnings results on Tuesday, April 22nd. The company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.20. The business had revenue of $9.94 billion for 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 forecast that GE Aerospace will post 5.4 EPS for the current fiscal year.
GE Aerospace Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Monday, July 7th will be issued a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 0.58%. GE Aerospace's payout ratio is presently 22.40%.
Insider Buying and Selling at GE Aerospace
In other GE Aerospace news, VP Robert M. Giglietti sold 4,104 shares of the company's stock in a transaction on Thursday, April 24th. The shares were sold at an average price of $196.73, for a total transaction 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Mohamed Ali sold 1,602 shares of the company's stock in a transaction on Tuesday, April 29th. The stock was 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 $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. 0.21% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on GE. Citigroup decreased their price objective on shares of GE Aerospace from $235.00 to $227.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Wells Fargo & Company upped their price target 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 upped their price target 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. Finally, Royal Bank Of Canada set a $275.00 price target on shares of GE Aerospace and gave the company an "outperform" rating in a report on Tuesday, June 3rd. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $223.75.
Check Out Our Latest Analysis on GE
GE Aerospace Profile
(
Free Report)
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.
See Also

Before you consider GE Aerospace, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and GE Aerospace wasn't on the list.
While GE Aerospace currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.