Global Assets Advisory LLC Has $865,000 Position in GE Aerospace (NYSE:GE)

Global Assets Advisory LLC lessened its position in GE Aerospace (NYSE:GE - Free Report) by 41.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,130 shares of the company's stock after selling 3,574 shares during the period. Global Assets Advisory LLC's holdings in GE Aerospace were worth $865,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of GE. Johnson & White Wealth Management LLC acquired a new stake in shares of GE Aerospace in the 4th quarter valued at about $733,000. Chung Wu Investment Group LLC acquired a new stake in shares of GE Aerospace in the 4th quarter valued at about $795,000. National Bank of Canada FI raised its stake in shares of GE Aerospace by 2.9% in the 4th quarter. National Bank of Canada FI now owns 1,064,417 shares of the company's stock valued at $177,535,000 after purchasing an additional 29,844 shares during the period. National Pension Service raised its stake in shares of GE Aerospace by 1.7% in the 4th quarter. National Pension Service now owns 2,254,637 shares of the company's stock valued at $376,051,000 after purchasing an additional 37,884 shares during the period. Finally, Sanibel Captiva Trust Company Inc. raised its stake in shares of GE Aerospace by 28.4% in the 4th quarter. Sanibel Captiva Trust Company Inc. now owns 25,808 shares of the company's stock valued at $4,305,000 after purchasing an additional 5,710 shares during the period. Institutional investors own 74.77% of the company's stock.

Insider Transactions at GE Aerospace

In other GE Aerospace news, SVP Mohamed Ali sold 1,602 shares of GE Aerospace 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 completion of 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Robert M. Giglietti sold 4,104 shares of GE Aerospace stock in a transaction dated Thursday, April 24th. The stock was 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 of the company's stock, valued at $2,270,264.20. This trade represents a 26.23% decrease in their position. The disclosure for this sale can be found here. 0.21% of the stock is currently owned by corporate insiders.

GE Aerospace Stock Performance

GE Aerospace stock traded up $0.34 during midday trading on Friday, reaching $214.83. 3,777,196 shares of the company's stock were exchanged, compared to its average volume of 5,357,853. GE Aerospace has a 52 week low of $150.20 and a 52 week high of $216.80. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 1.09. The firm has a market cap of $229.09 billion, a price-to-earnings ratio of 35.86, a P/E/G ratio of 2.59 and a beta of 1.31. The stock's 50-day simple moving average is $195.24 and its 200 day simple moving average is $187.97.

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

GE Aerospace Increases Dividend

The business also recently announced 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. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date of this dividend was Monday, March 10th. This is a boost from GE Aerospace's previous quarterly dividend of $0.28. GE Aerospace's dividend payout ratio (DPR) is currently 22.40%.

Analysts Set New Price Targets

Several research firms have issued reports on GE. Northcoast Research raised GE Aerospace from a "neutral" rating to a "buy" rating and set a $205.00 price target on the stock in a research note on Wednesday, April 9th. Bank of America raised their target price on shares of GE Aerospace from $200.00 to $225.00 and gave the company a "buy" rating in a research report on Monday, January 27th. Redburn Atlantic began coverage on shares of GE Aerospace in a research report on Tuesday, February 18th. They issued a "buy" rating and a $250.00 target price for the company. JPMorgan Chase & Co. raised their target price on shares of GE Aerospace from $190.00 to $210.00 and gave the company an "overweight" rating in a research report on Friday, January 24th. Finally, UBS Group raised their target price on shares of GE Aerospace from $207.00 to $216.00 and gave the company a "buy" rating in a research report on Wednesday, April 23rd. One equities research analyst has rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, GE Aerospace presently has a consensus rating of "Moderate Buy" and an average target price 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.