GE Aerospace (NYSE:GE) to Issue Quarterly Dividend of $0.36

GE Aerospace (NYSE:GE - Get Free Report) declared a quarterly dividend on Friday, June 27th, RTT News reports. Investors of record on Monday, July 7th will be given a dividend of 0.36 per share on Friday, July 25th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.56%.

GE Aerospace has a dividend payout ratio of 22.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect GE Aerospace to earn $6.46 per share next year, which means the company should continue to be able to cover its $1.44 annual dividend with an expected future payout ratio of 22.3%.

GE Aerospace Stock Up 1.1%

Shares of NYSE GE traded up $2.83 during mid-day trading on Monday, hitting $257.34. The company had a trading volume of 7,775,687 shares, compared to its average volume of 6,155,517. The company has a current ratio of 1.08, a quick ratio of 0.77 and a debt-to-equity ratio of 0.90. The firm has a 50-day simple moving average of $228.63 and a two-hundred day simple moving average of $203.27. The company has a market capitalization of $274.42 billion, a PE ratio of 40.02, a price-to-earnings-growth ratio of 3.07 and a beta of 1.38. GE Aerospace has a one year low of $150.20 and a one year high of $260.55.

GE Aerospace (NYSE:GE - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The company reported $1.49 earnings per share for the quarter, topping analysts' consensus estimates of $1.29 by $0.20. The business had revenue of $9.94 billion for the quarter, compared to the consensus estimate of $9.06 billion. GE Aerospace had a net margin of 17.63% and a return on equity of 29.15%. On average, equities analysts expect that GE Aerospace will post 5.4 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently commented on GE shares. UBS Group lifted their target price on GE Aerospace from $207.00 to $216.00 and gave the stock a "buy" rating in a research note on Wednesday, April 23rd. Northcoast Research downgraded shares of GE Aerospace from a "buy" rating to a "neutral" rating in a report on Monday, May 19th. Royal Bank Of Canada set a $275.00 target price on shares of GE Aerospace and gave the stock an "outperform" rating in a research note on Tuesday, June 3rd. Wells Fargo & Company upped their price target on shares of GE Aerospace from $212.00 to $222.00 and gave the company an "overweight" rating in a research note on Thursday, April 24th. Finally, Citigroup cut their price objective on shares of GE Aerospace from $235.00 to $227.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $223.75.

Insider Buying and Selling at GE Aerospace

In related news, SVP Mohamed Ali sold 1,602 shares of the 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 completion of the transaction, the senior vice president owned 8,805 shares of the company's stock, valued at $1,766,899.35. This represents a 15.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Robert M. Giglietti sold 4,104 shares of the business's stock in a transaction on Thursday, April 24th. The stock was sold at an average price of $196.73, for a total transaction of $807,379.92. Following the sale, the vice president directly owned 11,540 shares in the company, valued at approximately $2,270,264.20. The trade was a 26.23% decrease in their position. The disclosure for this sale can be found here. 0.21% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in GE Aerospace stock. Brighton Jones LLC boosted its stake in GE Aerospace (NYSE:GE - Free Report) by 25.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,008 shares of the company's stock after purchasing an additional 2,421 shares during the quarter. Brighton Jones LLC's holdings in GE Aerospace were worth $2,003,000 as of its most recent SEC filing. 74.77% of the stock is currently owned by institutional investors.

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.