Graham Capital Management L.P. Sells 23,259 Shares of GE Aerospace (NYSE:GE)

Graham Capital Management L.P. cut its stake in shares of GE Aerospace (NYSE:GE - Free Report) by 49.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 23,789 shares of the company's stock after selling 23,259 shares during the period. Graham Capital Management L.P.'s holdings in GE Aerospace were worth $3,968,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of GE. Johnson & White Wealth Management LLC bought a new position in GE Aerospace during the fourth quarter worth about $733,000. Chung Wu Investment Group LLC acquired a new position in GE Aerospace in the 4th quarter valued at about $795,000. National Bank of Canada FI raised its holdings in 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 acquiring an additional 29,844 shares during the period. National Pension Service lifted its position in GE Aerospace by 1.7% during the fourth quarter. National Pension Service now owns 2,254,637 shares of the company's stock worth $376,051,000 after acquiring an additional 37,884 shares during the last quarter. Finally, Sanibel Captiva Trust Company Inc. grew its holdings in 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 buying an additional 5,710 shares in the last quarter. 74.77% of the stock is currently owned by institutional investors.

GE Aerospace Stock Performance

GE traded up $3.69 during trading on Tuesday, hitting $222.64. 1,163,582 shares of the company traded hands, compared to its average volume of 5,343,226. GE Aerospace has a one year low of $150.20 and a one year high of $223.55. The stock's fifty day moving average is $195.56 and its 200 day moving average is $188.25. 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 firm has a market cap of $237.42 billion, a P/E ratio of 37.18, a price-to-earnings-growth ratio of 2.59 and a beta of 1.31.

GE Aerospace (NYSE:GE - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The company reported $1.49 earnings per share for the quarter, topping 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. As a group, equities analysts predict that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Monday, March 10th were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 0.65%. This is an increase from GE Aerospace's previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Monday, March 10th. GE Aerospace's payout ratio is presently 22.40%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on GE. Wells Fargo & Company lifted their price target on shares of GE Aerospace from $212.00 to $222.00 and gave the company an "overweight" rating in a research report on Thursday, April 24th. Redburn Atlantic assumed coverage on shares of GE Aerospace in a report on Tuesday, February 18th. They set a "buy" rating and a $250.00 price target on the stock. UBS Group increased their price target on GE Aerospace from $207.00 to $216.00 and gave the company a "buy" rating in a research note on Wednesday, April 23rd. Royal Bank of Canada restated an "outperform" rating and set a $220.00 price target on shares of GE Aerospace in a report on Wednesday, April 23rd. Finally, Citigroup dropped their target price on shares of GE Aerospace from $235.00 to $227.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. One equities research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $216.92.

Insider Activity at GE Aerospace

In other GE Aerospace news, VP Robert M. Giglietti sold 4,104 shares of the firm's stock in a transaction on 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 transaction, the vice president now owns 11,540 shares of the company's stock, valued at approximately $2,270,264.20. This trade represents a 26.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Mohamed Ali sold 1,602 shares of GE Aerospace stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $200.67, for a total value of $321,473.34. Following the completion of the transaction, the senior vice president now directly owns 8,805 shares of the company's stock, valued at approximately $1,766,899.35. This represents a 15.39% decrease in their position. The disclosure for this sale can be found here. 0.21% of the stock is currently owned by company insiders.

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.