Wealthfront Advisers LLC Acquires 18,968 Shares of GE Aerospace (NYSE:GE)

Wealthfront Advisers LLC lifted its position in shares of GE Aerospace (NYSE:GE - Free Report) by 14.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 154,390 shares of the company's stock after purchasing an additional 18,968 shares during the quarter. Wealthfront Advisers LLC's holdings in GE Aerospace were worth $30,901,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of GE. New Age Alpha Advisors LLC lifted its position in GE Aerospace by 133.3% in the 4th quarter. New Age Alpha Advisors LLC now owns 147 shares of the company's stock valued at $25,000 after acquiring an additional 84 shares in the last quarter. Sumitomo Mitsui Financial Group Inc. purchased a new stake in GE Aerospace in the 4th quarter valued at $28,000. Putney Financial Group LLC bought a new stake in shares of GE Aerospace in the 4th quarter worth $28,000. Copia Wealth Management raised its holdings in shares of GE Aerospace by 14,200.0% in 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 last quarter. Finally, Picton Mahoney Asset Management lifted its position in shares of GE Aerospace by 62.4% during the fourth quarter. Picton Mahoney Asset Management now owns 177 shares of the company's stock valued at $30,000 after purchasing an additional 68 shares in the last quarter. 74.77% of the stock is currently owned by institutional investors.

Insider Buying and Selling at GE Aerospace

In other GE Aerospace news, SVP Mohamed Ali sold 1,602 shares of the company's 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 directly owned 8,805 shares in the company, valued at $1,766,899.35. This represents a 15.39% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Robert M. Giglietti sold 4,104 shares of GE Aerospace 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 owned 11,540 shares of the company's stock, valued at approximately $2,270,264.20. This trade represents a 26.23% decrease in their position. The disclosure for this sale can be found here. 0.21% of the stock is currently owned by company insiders.

Analyst Ratings Changes

GE has been the subject of several analyst reports. Citigroup reiterated a "buy" rating and issued a $296.00 price objective (up previously from $227.00) on shares of GE Aerospace in a research note on Monday. Royal Bank Of Canada set a $275.00 price objective on GE Aerospace and gave the company an "outperform" rating in a research note on Tuesday, June 3rd. Northcoast Research cut GE Aerospace from a "buy" rating to a "neutral" rating in a research note on Monday, May 19th. Wells Fargo & Company increased their price target on shares of GE Aerospace from $212.00 to $222.00 and gave the company an "overweight" rating in a research report on Thursday, April 24th. Finally, UBS Group lifted their price objective on shares of GE Aerospace from $207.00 to $216.00 and gave the stock a "buy" rating in a research report on Wednesday, April 23rd. 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.com, GE Aerospace has an average rating of "Moderate Buy" and a consensus price target of $229.50.

GE Aerospace Stock Performance

GE stock traded down $5.96 during midday trading on Thursday, reaching $260.22. 16,250,824 shares of the company's stock traded hands, compared to its average volume of 5,635,866. GE Aerospace has a 52 week low of $150.20 and a 52 week high of $279.71. The company has a 50-day moving average price of $242.49 and a two-hundred day moving average price of $210.45. 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 $277.50 billion, a PE ratio of 40.47, a price-to-earnings-growth ratio of 3.17 and a beta of 1.37.

GE Aerospace (NYSE:GE - Get Free Report) last issued its quarterly earnings data on Thursday, July 17th. The company reported $1.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.43 by $0.23. The business had revenue of $10.15 billion for the quarter, compared to analysts' expectations of $9.49 billion. GE Aerospace had a return on equity of 29.15% and a net margin of 17.63%. The firm's quarterly revenue was up 21.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.20 EPS. As a group, equities analysts anticipate that GE Aerospace will post 5.4 EPS 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 given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.55%. GE Aerospace's dividend payout ratio (DPR) is presently 22.40%.

GE Aerospace Company 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.