Wesleyan Assurance Society Sells 1,250 Shares of GE Aerospace (NYSE:GE)

Wesleyan Assurance Society lessened its position in GE Aerospace (NYSE:GE - Free Report) by 16.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,451 shares of the company's stock after selling 1,250 shares during the period. Wesleyan Assurance Society's holdings in GE Aerospace were worth $1,292,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Brighton Jones LLC boosted its holdings in shares of GE Aerospace by 25.3% during the 4th quarter. Brighton Jones LLC now owns 12,008 shares of the company's stock worth $2,003,000 after buying an additional 2,421 shares during the period. Revolve Wealth Partners LLC boosted its holdings in shares of GE Aerospace by 7.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 2,251 shares of the company's stock worth $375,000 after buying an additional 150 shares during the period. Proficio Capital Partners LLC boosted its holdings in shares of GE Aerospace by 62.2% during the 4th quarter. Proficio Capital Partners LLC now owns 3,327 shares of the company's stock worth $555,000 after buying an additional 1,276 shares during the period. American Century Companies Inc. boosted its holdings in shares of GE Aerospace by 51.8% during the 4th quarter. American Century Companies Inc. now owns 299,935 shares of the company's stock worth $50,026,000 after buying an additional 102,319 shares during the period. Finally, Hillsdale Investment Management Inc. boosted its holdings in shares of GE Aerospace by 450.0% during the 4th quarter. Hillsdale Investment Management Inc. now owns 1,980 shares of the company's stock worth $330,000 after buying an additional 1,620 shares during the period. Institutional investors own 74.77% of the company's stock.

Insider Transactions at GE Aerospace

In other GE Aerospace news, SVP Mohamed Ali sold 1,602 shares of the business'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 transaction of $321,473.34. Following the sale, the senior vice president directly 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.21% of the stock is currently owned by corporate insiders.

GE Aerospace Price Performance

Shares of NYSE:GE traded up $4.48 during midday trading on Thursday, hitting $267.66. The stock had a trading volume of 3,733,154 shares, compared to its average volume of 6,257,310. The company's 50-day moving average price is $246.81 and its 200-day moving average price is $213.67. The company has a market capitalization of $283.83 billion, a P/E ratio of 37.33, a price-to-earnings-growth ratio of 2.93 and a beta of 1.37. The company has a quick ratio of 0.73, a current ratio of 1.04 and a debt-to-equity ratio of 0.88. GE Aerospace has a fifty-two week low of $150.20 and a fifty-two week high of $272.80.

GE Aerospace (NYSE:GE - Get Free Report) last released 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 during the quarter, compared to analysts' expectations of $9.49 billion. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. The firm's quarterly revenue was up 21.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.20 EPS. As a group, equities research analysts predict that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Announces Dividend

The business 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 dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 0.54%. GE Aerospace's dividend payout ratio is 20.08%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on GE. Barclays boosted their price objective on shares of GE Aerospace from $230.00 to $295.00 and gave the company an "overweight" rating in a report on Wednesday. Citigroup reissued a "buy" rating and issued a $296.00 price objective (up previously from $227.00) on shares of GE Aerospace in a report on Monday, July 14th. Wall Street Zen raised shares of GE Aerospace from a "hold" rating to a "buy" rating in a report on Friday, July 18th. Northcoast Research downgraded shares of GE Aerospace from a "buy" rating to a "neutral" rating in a report on Monday, May 19th. Finally, Wells Fargo & Company boosted their price objective on shares of GE Aerospace from $34.00 to $38.00 in a report on Wednesday. One investment analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $232.92.

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.