GE Aerospace (NYSE:GE) Shares Acquired by Focus Partners Wealth

Focus Partners Wealth increased its stake in shares of GE Aerospace (NYSE:GE - Free Report) by 37.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 126,696 shares of the company's stock after acquiring an additional 34,490 shares during the period. Focus Partners Wealth's holdings in GE Aerospace were worth $22,182,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Truvestments Capital LLC boosted its holdings in GE Aerospace by 26.2% in the 4th quarter. Truvestments Capital LLC now owns 236 shares of the company's stock valued at $39,000 after purchasing an additional 49 shares during the period. Ritter Daniher Financial Advisory LLC DE increased its holdings in GE Aerospace by 17.6% in the 4th quarter. Ritter Daniher Financial Advisory LLC DE now owns 334 shares of the company's stock valued at $56,000 after buying an additional 50 shares during the period. Ballast Advisors LLC increased its stake in GE Aerospace by 2.5% in the fourth quarter. Ballast Advisors LLC now owns 2,093 shares of the company's stock valued at $349,000 after acquiring an additional 51 shares during the last quarter. Blue Barn Wealth LLC lifted its position in shares of GE Aerospace by 3.8% during the 4th quarter. Blue Barn Wealth LLC now owns 1,466 shares of the company's stock worth $245,000 after buying an additional 54 shares during the last quarter. Finally, Game Plan Financial Advisors LLC lifted its position in shares of GE Aerospace by 10.5% during the 4th quarter. Game Plan Financial Advisors LLC now owns 578 shares of the company's stock worth $96,000 after buying an additional 55 shares during the last quarter. Institutional investors and hedge funds own 74.77% of the company's stock.

GE Aerospace Trading Up 2.9%

Shares of NYSE:GE traded up $6.50 during midday trading on Thursday, hitting $229.74. 3,431,694 shares of the stock traded hands, compared to its average volume of 5,344,030. The business's 50 day moving average is $196.64 and its two-hundred day moving average is $188.71. The stock has a market capitalization of $244.99 billion, a PE ratio of 38.36, a P/E/G ratio of 2.59 and a beta of 1.31. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.88. GE Aerospace has a one year low of $150.20 and a one year high of $229.94.

GE Aerospace (NYSE:GE - Get Free Report) last released 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. The firm had revenue of $9.94 billion for the quarter, compared to analysts' expectations of $9.06 billion. GE Aerospace had a return on equity of 22.19% and a net margin of 14.31%. As a group, research analysts forecast that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Monday, March 10th were paid a dividend of $0.36 per share. This is a boost from GE Aerospace's previous quarterly dividend of $0.28. This represents a $1.44 annualized dividend and a yield of 0.63%. The ex-dividend date was Monday, March 10th. GE Aerospace's payout ratio is presently 22.40%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on GE. Redburn Atlantic assumed coverage on shares of GE Aerospace in a report on Tuesday, February 18th. They set a "buy" rating and a $250.00 price target on the stock. Wells Fargo & Company increased their target price on GE Aerospace from $212.00 to $222.00 and gave the company an "overweight" rating in a research report on Thursday, April 24th. Citigroup reduced their target price on GE Aerospace from $235.00 to $227.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Northcoast Research raised shares of GE Aerospace from a "neutral" rating to a "buy" rating and set a $205.00 target price for the company in a research note on Wednesday, April 9th. Finally, JPMorgan Chase & Co. upped their target price on GE Aerospace from $190.00 to $210.00 and gave the company an "overweight" rating in a research report on Friday, January 24th. One investment analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $216.92.

Insider Transactions at GE Aerospace

In other news, VP Robert M. Giglietti sold 4,104 shares of GE Aerospace stock in a transaction on Thursday, April 24th. The stock was sold at an average price of $196.73, for a total value of $807,379.92. Following the transaction, the vice president now directly owns 11,540 shares in the company, valued at approximately $2,270,264.20. This trade represents a 26.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, 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 transaction of $321,473.34. Following the completion of the transaction, the senior vice president now owns 8,805 shares of the company's stock, valued at approximately $1,766,899.35. This trade represents a 15.39% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.21% of the company's stock.

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.