GE Aerospace (NYSE:GE) Shares Sold by U.S. Capital Wealth Advisors LLC

U.S. Capital Wealth Advisors LLC trimmed its holdings in shares of GE Aerospace (NYSE:GE - Free Report) by 71.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,467 shares of the company's stock after selling 38,597 shares during the quarter. U.S. Capital Wealth Advisors LLC's holdings in GE Aerospace were worth $3,096,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Financial Counselors Inc. grew its holdings in GE Aerospace by 2.2% during the first quarter. Financial Counselors Inc. now owns 33,414 shares of the company's stock worth $6,688,000 after acquiring an additional 708 shares during the period. Raleigh Capital Management Inc. boosted its position in GE Aerospace by 110.4% during the first quarter. Raleigh Capital Management Inc. now owns 789 shares of the company's stock worth $158,000 after purchasing an additional 414 shares in the last quarter. Callan Capital LLC boosted its position in GE Aerospace by 23.7% during the first quarter. Callan Capital LLC now owns 3,110 shares of the company's stock worth $622,000 after purchasing an additional 595 shares in the last quarter. Capital Advisors Inc. OK boosted its position in GE Aerospace by 1.7% during the first quarter. Capital Advisors Inc. OK now owns 5,827 shares of the company's stock worth $1,166,000 after purchasing an additional 99 shares in the last quarter. Finally, Drake & Associates LLC boosted its position in GE Aerospace by 13.1% during the first quarter. Drake & Associates LLC now owns 5,016 shares of the company's stock worth $1,004,000 after purchasing an additional 582 shares in the last quarter. 74.77% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, 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 value of $807,379.92. Following the completion of the sale, the vice president directly owned 11,540 shares of the company's stock, valued at approximately $2,270,264.20. The trade was a 26.23% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Mohamed Ali sold 1,602 shares of the company's stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $200.67, for a total value of $321,473.34. Following the sale, the senior vice president directly owned 8,805 shares of the company's stock, valued at approximately $1,766,899.35. This represents a 15.39% 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.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on GE shares. Citigroup lowered their price objective 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. Northcoast Research lowered GE Aerospace from a "buy" rating to a "neutral" rating in a research report on Monday, May 19th. Wells Fargo & Company boosted their target price on GE Aerospace from $212.00 to $222.00 and gave the stock an "overweight" rating in a research report on Thursday, April 24th. Royal Bank Of Canada set a $275.00 price target on GE Aerospace and gave the company an "outperform" rating in a report on Tuesday, June 3rd. Finally, UBS Group boosted their target price on GE Aerospace from $207.00 to $216.00 and gave the company a "buy" rating in a research note on Wednesday, April 23rd. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat, GE Aerospace currently has an average rating of "Moderate Buy" and a consensus price target of $223.75.

GE Aerospace Stock Performance

NYSE GE traded down $1.54 during trading hours on Tuesday, hitting $247.11. The company's stock had a trading volume of 5,974,468 shares, compared to its average volume of 5,514,721. The company's 50 day simple moving average is $235.34 and its two-hundred day simple moving average is $206.79. The company has a market cap of $263.52 billion, a P/E ratio of 38.43, a price-to-earnings-growth ratio of 2.98 and a beta of 1.37. GE Aerospace has a 12 month low of $150.20 and a 12 month high of $260.55. 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 announced 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 for 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, sell-side analysts expect that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Stockholders 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 dividend 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.