GE Aerospace (NYSE:GE) Shares Sold by Stratos Wealth Advisors LLC

Stratos Wealth Advisors LLC cut its holdings in GE Aerospace (NYSE:GE - Free Report) by 20.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,908 shares of the company's stock after selling 1,021 shares during the quarter. Stratos Wealth Advisors LLC's holdings in GE Aerospace were worth $782,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in GE. Stratos Investment Management LLC bought a new position in GE Aerospace in the 1st quarter worth $237,000. NTV Asset Management LLC raised its holdings in GE Aerospace by 1.1% in the 1st quarter. NTV Asset Management LLC now owns 7,940 shares of the company's stock worth $1,589,000 after purchasing an additional 85 shares during the period. Garrett Wealth Advisory Group LLC bought a new position in GE Aerospace in the 1st quarter worth $202,000. Highview Capital Management LLC DE raised its holdings in GE Aerospace by 1.9% in the 1st quarter. Highview Capital Management LLC DE now owns 6,352 shares of the company's stock worth $1,271,000 after purchasing an additional 116 shares during the period. Finally, China Universal Asset Management Co. Ltd. raised its holdings in GE Aerospace by 12.1% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 6,015 shares of the company's stock worth $1,206,000 after purchasing an additional 647 shares during the period. 74.77% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on GE. Wells Fargo & Company raised their target price on GE Aerospace from $212.00 to $222.00 and gave the stock an "overweight" rating in a report on Thursday, April 24th. 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. UBS Group increased their price target on GE Aerospace from $207.00 to $216.00 and gave the stock a "buy" rating in a research note on Wednesday, April 23rd. Citigroup cut their price target on GE Aerospace from $235.00 to $227.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Finally, Northcoast Research lowered GE Aerospace from a "buy" rating to a "neutral" rating in a research note on Monday, May 19th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $223.75.

Insider Buying and Selling

In related 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 completion of the transaction, the senior vice president directly owned 8,805 shares in the company, valued at $1,766,899.35. The trade was a 15.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Robert M. Giglietti sold 4,104 shares of the business'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 transaction, the vice president owned 11,540 shares of the company's stock, 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. Insiders own 0.21% of the company's stock.

GE Aerospace Trading Up 1.2%

NYSE GE traded up $2.92 during trading on Friday, hitting $255.49. The stock had a trading volume of 7,838,134 shares, compared to its average volume of 5,549,492. The stock has a 50 day simple moving average of $239.17 and a 200 day simple moving average of $208.52. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.77 and a current ratio of 1.08. GE Aerospace has a one year low of $150.20 and a one year high of $260.55. The stock has a market capitalization of $272.45 billion, a price-to-earnings ratio of 39.73, a P/E/G ratio of 3.05 and a beta of 1.37.

GE Aerospace (NYSE:GE - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The company reported $1.49 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $9.06 billion. Sell-side analysts predict that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Investors of record on Monday, July 7th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 0.56%. GE Aerospace's dividend payout ratio (DPR) is 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.