GE Aerospace (NYSE:GE) Shares Sold by MBA Advisors LLC

MBA Advisors LLC lowered its holdings in GE Aerospace (NYSE:GE) by 43.0% in the first quarter, HoldingsChannel reports. The firm owned 3,891 shares of the company’s stock after selling 2,932 shares during the quarter. MBA Advisors LLC’s holdings in GE Aerospace were worth $779,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in GE. Conning Inc. boosted its holdings in GE Aerospace by 8.0% in the first quarter. Conning Inc. now owns 6,508 shares of the company’s stock valued at $1,303,000 after purchasing an additional 480 shares during the period. Davidson Trust Co. increased its holdings in GE Aerospace by 9.8% during the 1st quarter. Davidson Trust Co. now owns 3,136 shares of the company’s stock worth $628,000 after purchasing an additional 281 shares during the period. Checchi Capital Advisers LLC raised its position in GE Aerospace by 8.9% in the 1st quarter. Checchi Capital Advisers LLC now owns 7,396 shares of the company’s stock valued at $1,480,000 after purchasing an additional 604 shares in the last quarter. North Capital Inc. acquired a new stake in GE Aerospace in the 1st quarter valued at about $37,000. Finally, D.A. Davidson & CO. boosted its stake in shares of GE Aerospace by 2.9% in the 1st quarter. D.A. Davidson & CO. now owns 36,110 shares of the company’s stock valued at $7,228,000 after buying an additional 1,033 shares during the period. 74.77% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, VP Robert M. Giglietti sold 4,104 shares of the stock in a transaction that occurred on Thursday, April 24th. The stock was sold at an average price of $196.73, for a total value of $807,379.92. Following the completion of the sale, the vice president directly owned 11,540 shares of the company’s stock, valued at approximately $2,270,264.20. This represents a 26.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Mohamed Ali sold 1,602 shares of the firm’s stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $200.67, for a total transaction of $321,473.34. Following the transaction, the senior vice president owned 8,805 shares in the company, valued at approximately $1,766,899.35. This trade represents a 15.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.21% of the stock is currently owned by insiders.

GE Aerospace Trading Up 0.8%

NYSE GE opened at $246.78 on Friday. The firm’s fifty day moving average price is $233.42 and its 200 day moving average price is $205.06. GE Aerospace has a 12 month low of $150.20 and a 12 month high of $260.55. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.08 and a quick ratio of 0.77. The company has a market capitalization of $263.16 billion, a price-to-earnings ratio of 38.38, a price-to-earnings-growth ratio of 2.95 and a beta of 1.37.

GE Aerospace (NYSE:GE) last released its quarterly earnings data on Tuesday, April 22nd. The company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.20. GE Aerospace had a net margin of 17.63% and a return on equity of 29.15%. The company had revenue of $9.94 billion during the quarter, compared to the consensus estimate of $9.06 billion. On average, sell-side analysts expect that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Investors of record on Monday, July 7th will be paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 0.58%. GE Aerospace’s dividend payout ratio is presently 22.40%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on GE. Royal Bank Of Canada set a $275.00 target price on shares of GE Aerospace and gave the stock an “outperform” rating in a research note on Tuesday, June 3rd. UBS Group increased their price objective 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. Wells Fargo & Company raised their price objective on shares of GE Aerospace from $212.00 to $222.00 and gave the company an “overweight” rating in a report on Thursday, April 24th. Citigroup decreased their price objective on shares of GE Aerospace from $235.00 to $227.00 and set a “buy” rating for the company in a research report on Thursday, April 10th. Finally, Northcoast Research lowered GE Aerospace from a “buy” rating to a “neutral” rating in a report on Monday, May 19th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $223.75.

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.