GE Aerospace (NYSE:GE) VP Sells $807,379.92 in Stock

GE Aerospace (NYSE:GE - Get Free Report) VP Robert M. Giglietti sold 4,104 shares of GE Aerospace stock in a transaction dated 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 transaction, the vice president now directly owns 11,540 shares of the company's stock, valued at $2,270,264.20. This trade represents a 26.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

GE Aerospace Price Performance

Shares of GE traded up $4.26 during midday trading on Friday, reaching $207.87. The stock had a trading volume of 3,826,348 shares, compared to its average volume of 5,367,832. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81. The company has a market capitalization of $221.67 billion, a P/E ratio of 34.70, a P/E/G ratio of 2.59 and a beta of 1.04. The firm's 50 day moving average price is $194.31 and its 200-day moving average price is $187.12. GE Aerospace has a 52 week low of $150.20 and a 52 week high of $214.21.

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

GE Aerospace Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Monday, March 10th were issued a $0.36 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $1.44 annualized dividend and a dividend yield of 0.69%. This is a boost from GE Aerospace's previous quarterly dividend of $0.28. GE Aerospace's dividend payout ratio is currently 22.40%.

Analysts Set New Price Targets

A number of brokerages recently commented on GE. Wells Fargo & Company upped their price objective on GE Aerospace from $212.00 to $222.00 and gave the stock an "overweight" rating in a research note on Thursday, April 24th. 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. UBS Group increased their price objective on shares of GE Aerospace from $207.00 to $216.00 and gave the stock a "buy" rating in a report on Wednesday, April 23rd. Royal Bank of Canada reissued an "outperform" rating and set a $220.00 target price on shares of GE Aerospace in a research note on Wednesday, April 23rd. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of GE Aerospace from $235.00 to $228.00 and set a "buy" rating on the stock in a research note on Thursday, January 2nd. One equities research analyst has rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $216.92.

Institutional Investors Weigh In On GE Aerospace

Several large investors have recently modified their holdings of GE. Vanguard Group Inc. boosted its position in shares of GE Aerospace by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 89,815,318 shares of the company's stock valued at $14,980,297,000 after purchasing an additional 410,172 shares during the period. FMR LLC boosted its holdings in shares of GE Aerospace by 1.5% in the fourth quarter. FMR LLC now owns 66,823,968 shares of the company's stock worth $11,145,570,000 after buying an additional 965,012 shares during the period. Geode Capital Management LLC increased its position in shares of GE Aerospace by 2.3% in the fourth quarter. Geode Capital Management LLC now owns 23,117,418 shares of the company's stock worth $3,846,587,000 after acquiring an additional 529,457 shares in the last quarter. Norges Bank acquired a new stake in shares of GE Aerospace during the fourth quarter valued at approximately $2,375,439,000. Finally, Northern Trust Corp raised its holdings in shares of GE Aerospace by 5.8% during the fourth quarter. Northern Trust Corp now owns 10,046,867 shares of the company's stock valued at $1,675,717,000 after acquiring an additional 553,104 shares during the period. 74.77% of the stock is 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.