Mohamed Ali Sells 1,602 Shares of GE Aerospace (NYSE:GE) Stock

GE Aerospace (NYSE:GE - Get Free Report) SVP Mohamed Ali sold 1,602 shares of the firm's stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $200.67, for a total value of $321,473.34. Following the sale, the senior vice president now owns 8,805 shares in the company, valued at $1,766,899.35. The trade was a 15.39 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

GE Aerospace Trading Up 0.6 %

NYSE:GE traded up $1.17 during midday trading on Monday, hitting $208.87. 4,176,179 shares of the company traded hands, compared to its average volume of 5,369,825. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88. The firm's fifty day moving average is $194.31 and its 200-day moving average is $187.04. The firm has a market capitalization of $222.74 billion, a P/E ratio of 34.87, a P/E/G ratio of 2.59 and a beta of 1.31. GE Aerospace has a 12-month low of $150.20 and a 12-month high of $214.21.

GE Aerospace (NYSE:GE - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The company reported $1.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.29 by $0.20. The firm had revenue of $9.94 billion during the quarter, compared to analyst estimates of $9.06 billion. GE Aerospace had a net margin of 14.31% and a return on equity of 22.19%. On average, sell-side analysts predict that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Monday, March 10th were issued a dividend of $0.36 per share. This is an increase from GE Aerospace's previous quarterly dividend of $0.28. This represents a $1.44 annualized dividend and a yield of 0.69%. The ex-dividend date was Monday, March 10th. GE Aerospace's dividend payout ratio (DPR) is presently 22.40%.

Analyst Ratings Changes

GE has been the subject of a number of recent research reports. Bank of America boosted their target price on GE Aerospace from $200.00 to $225.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Northcoast Research upgraded shares of GE Aerospace from a "neutral" rating to a "buy" rating and set a $205.00 price target for the company in a research report on Wednesday, April 9th. Royal Bank of Canada reiterated an "outperform" rating and issued a $220.00 price objective on shares of GE Aerospace in a report on Wednesday, April 23rd. 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 report on Thursday, April 24th. Finally, UBS Group lifted their price target on GE Aerospace from $207.00 to $216.00 and gave the stock a "buy" rating in a research note on Wednesday, April 23rd. One analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $216.92.

Institutional Investors Weigh In On GE Aerospace

Hedge funds have recently made changes to their positions in the company. Truvestments Capital LLC lifted its position in shares of GE Aerospace by 26.2% in the 4th quarter. Truvestments Capital LLC now owns 236 shares of the company's stock worth $39,000 after purchasing an additional 49 shares during the period. Ritter Daniher Financial Advisory LLC DE boosted its position in GE Aerospace by 17.6% during the fourth quarter. Ritter Daniher Financial Advisory LLC DE now owns 334 shares of the company's stock valued at $56,000 after purchasing an additional 50 shares in the last quarter. Hudock Inc. lifted its position in shares of GE Aerospace by 1.8% during the first quarter. Hudock Inc. now owns 2,905 shares of the company's stock valued at $582,000 after buying an additional 50 shares during the last quarter. Ballast Advisors LLC boosted its holdings in shares of GE Aerospace by 2.5% in the 4th quarter. Ballast Advisors LLC now owns 2,093 shares of the company's stock valued at $349,000 after buying an additional 51 shares in the last quarter. Finally, First Pacific Financial grew its position in shares of GE Aerospace by 46.0% in the 1st quarter. First Pacific Financial now owns 165 shares of the company's stock worth $33,000 after buying an additional 52 shares during the last quarter. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

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.