Robert M. Giglietti Sells 4,104 Shares of GE Aerospace (NYSE:GE) Stock

GE Aerospace (NYSE:GE - Get Free Report) VP Robert M. Giglietti sold 4,104 shares of the stock in a transaction that occurred 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 completion of the sale, the vice president now owns 11,540 shares in the company, valued at $2,270,264.20. This represents a 26.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

GE Aerospace Stock Down 0.2 %

Shares of NYSE:GE traded down $0.45 during midday trading on Wednesday, reaching $200.05. The company had a trading volume of 1,412,947 shares, compared to its average volume of 5,898,152. The business's 50 day moving average price is $194.01 and its 200 day moving average price is $186.82. GE Aerospace has a 1-year low of $150.20 and a 1-year high of $214.21. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.88. The stock has a market cap of $213.33 billion, a PE ratio of 33.40, a P/E/G ratio of 2.59 and a beta of 1.04.

GE Aerospace (NYSE:GE - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.29 by $0.20. GE Aerospace had a return on equity of 22.19% and a net margin of 14.31%. The company had revenue of $9.94 billion during the quarter, compared to the consensus estimate of $9.06 billion. Research analysts forecast that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Monday, March 10th were paid a dividend of $0.36 per share. The ex-dividend date of this dividend was Monday, March 10th. This is a positive change from GE Aerospace's previous quarterly dividend of $0.28. This represents a $1.44 annualized dividend and a dividend yield of 0.72%. GE Aerospace's payout ratio is currently 22.40%.

Analysts Set New Price Targets

Several brokerages recently commented on GE. Northcoast Research raised GE Aerospace from a "neutral" rating to a "buy" rating and set a $205.00 price objective on the stock in a research note on Wednesday, April 9th. Redburn Atlantic started coverage on GE Aerospace in a report on Tuesday, February 18th. They set a "buy" rating and a $250.00 price objective on the stock. Citigroup lowered their target price on GE Aerospace from $235.00 to $227.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Bank of America lifted their price target on shares of GE Aerospace from $200.00 to $225.00 and gave the company a "buy" rating in a research note on Monday, January 27th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of GE Aerospace from $235.00 to $228.00 and set a "buy" rating on the stock in a report on Thursday, January 2nd. One analyst has rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently 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 bought and sold shares of the company. Copia Wealth Management boosted its stake in shares of GE Aerospace by 14,200.0% during the 1st quarter. Copia Wealth Management now owns 143 shares of the company's stock worth $29,000 after acquiring an additional 142 shares during the period. New Age Alpha Advisors LLC raised its stake in 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 acquiring an additional 84 shares during the period. O Brien Wealth Partners LLC acquired a new stake in GE Aerospace during the 1st quarter valued at $33,000. Hager Investment Management Services LLC bought a new position in GE Aerospace during the fourth quarter worth $27,000. Finally, Sumitomo Mitsui Financial Group Inc. acquired a new position in shares of GE Aerospace in the fourth quarter valued at $28,000. 74.77% of the stock is currently owned by institutional investors and hedge funds.

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.