Laird Norton Wetherby Wealth Management LLC Decreases Stock Position in GE Aerospace (NYSE:GE)

Laird Norton Wetherby Wealth Management LLC lessened its stake in shares of GE Aerospace (NYSE:GE - Free Report) by 8.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,815 shares of the company's stock after selling 1,643 shares during the period. Laird Norton Wetherby Wealth Management LLC's holdings in GE Aerospace were worth $2,971,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of GE. New Age Alpha Advisors LLC lifted its stake in shares of 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 purchasing an additional 84 shares during the period. Hager Investment Management Services LLC purchased a new position in GE Aerospace in the fourth quarter valued at approximately $27,000. Sumitomo Mitsui Financial Group Inc. purchased a new stake in GE Aerospace in the 4th quarter worth approximately $28,000. Sugar Maple Asset Management LLC bought a new stake in GE Aerospace during the fourth quarter valued at $29,000. Finally, CBIZ Investment Advisory Services LLC bought a new stake in GE Aerospace during the fourth quarter valued at $29,000. Institutional investors own 74.77% of the company's stock.

GE Aerospace Trading Up 2.6%

Shares of GE Aerospace stock traded up $5.81 during trading on Thursday, reaching $229.05. 7,203,079 shares of the stock were exchanged, compared to its average volume of 5,358,013. 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 1 year low of $150.20 and a 1 year high of $230.11. The stock's fifty day moving average is $196.64 and its 200 day moving average is $188.71. The firm has a market cap of $244.26 billion, a price-to-earnings ratio of 38.24, a price-to-earnings-growth ratio of 2.59 and a beta of 1.31.

GE Aerospace (NYSE:GE - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.29 by $0.20. GE Aerospace had a net margin of 14.31% and a return on equity of 22.19%. The business had revenue of $9.94 billion during the quarter, compared to analyst estimates of $9.06 billion. As a group, equities research analysts expect that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Increases Dividend

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

Insider Buying and Selling at GE Aerospace

In other GE Aerospace news, SVP Mohamed Ali sold 1,602 shares of GE Aerospace 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 sale, the senior vice president now owns 8,805 shares of the company's stock, valued at approximately $1,766,899.35. The trade was a 15.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Robert M. Giglietti sold 4,104 shares of the business's stock in a transaction on Thursday, April 24th. The shares were sold at an average price of $196.73, for a total transaction of $807,379.92. Following the sale, the vice president now directly owns 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 disclosure for this sale can be found here. Company insiders own 0.21% of the company's stock.

Analyst Upgrades and Downgrades

GE has been the topic of a number of research analyst reports. 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 note on Thursday, April 24th. UBS Group increased 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. Northcoast Research raised GE Aerospace from a "neutral" rating to a "buy" rating and set a $205.00 target price on the stock in a research note on Wednesday, April 9th. Royal Bank of Canada reissued an "outperform" rating and issued a $220.00 target price on shares of GE Aerospace in a research note on Wednesday, April 23rd. Finally, Bank of America increased their target price on GE Aerospace from $200.00 to $225.00 and gave the company a "buy" rating in a research note on Monday, January 27th. One investment analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $216.92.

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.