WBH Advisory Inc. Sells 47 Shares of GE Aerospace $GE

WBH Advisory Inc. lessened its stake in shares of GE Aerospace (NYSE:GE) by 2.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,664 shares of the company’s stock after selling 47 shares during the period. WBH Advisory Inc.’s holdings in GE Aerospace were worth $428,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. IMA Advisory Services Inc. bought a new stake in shares of GE Aerospace during the first quarter valued at approximately $28,000. Nova Wealth Management Inc. bought a new stake in shares of GE Aerospace during the first quarter valued at approximately $29,000. Wealth Preservation Advisors LLC bought a new stake in shares of GE Aerospace during the first quarter valued at approximately $30,000. First Pacific Financial raised its stake in shares of GE Aerospace by 46.0% during the first quarter. First Pacific Financial now owns 165 shares of the company’s stock valued at $33,000 after acquiring an additional 52 shares in the last quarter. Finally, O Brien Wealth Partners LLC bought a new stake in shares of GE Aerospace during the first quarter valued at approximately $33,000. Institutional investors own 74.77% of the company’s stock.

GE Aerospace Price Performance

NYSE GE opened at $303.15 on Tuesday. The firm’s fifty day simple moving average is $286.62 and its two-hundred day simple moving average is $252.17. The company has a current ratio of 1.04, a quick ratio of 0.73 and a debt-to-equity ratio of 0.88. GE Aerospace has a 12-month low of $159.36 and a 12-month high of $307.25. The firm has a market capitalization of $321.48 billion, a P/E ratio of 42.28, a P/E/G ratio of 3.23 and a beta of 1.49.

GE Aerospace Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Monday, September 29th will be issued a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Monday, September 29th. GE Aerospace’s payout ratio is currently 20.08%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on GE shares. TD Cowen boosted their price objective on shares of GE Aerospace from $300.00 to $330.00 and gave the stock a “buy” rating in a research note on Tuesday, October 7th. Weiss Ratings reissued a “buy (b)” rating on shares of GE Aerospace in a research note on Wednesday, October 8th. Wells Fargo & Company boosted their price objective on shares of GE Aerospace from $34.00 to $38.00 in a research note on Wednesday, July 23rd. Sanford C. Bernstein boosted their price objective on shares of GE Aerospace from $343.00 to $374.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 15th. Finally, Royal Bank Of Canada boosted their price objective on shares of GE Aerospace from $300.00 to $340.00 and gave the stock an “outperform” rating in a research note on Friday. Fifteen research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, GE Aerospace has a consensus rating of “Moderate Buy” and an average price target of $276.31.

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.