GE Aerospace $GE Shares Sold by CapWealth Advisors LLC

CapWealth Advisors LLC decreased its position in shares of GE Aerospace (NYSE:GEFree Report) by 2.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 101,460 shares of the company’s stock after selling 2,246 shares during the period. GE Aerospace accounts for approximately 2.1% of CapWealth Advisors LLC’s portfolio, making the stock its 13th biggest holding. CapWealth Advisors LLC’s holdings in GE Aerospace were worth $30,521,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Bare Financial Services Inc boosted its stake in GE Aerospace by 81.1% during the 2nd quarter. Bare Financial Services Inc now owns 96 shares of the company’s stock worth $25,000 after purchasing an additional 43 shares during the period. Marquette Asset Management LLC purchased a new stake in shares of GE Aerospace in the third quarter valued at about $26,000. Lavaca Capital LLC raised its holdings in shares of GE Aerospace by 1,666.7% in the second quarter. Lavaca Capital LLC now owns 106 shares of the company’s stock valued at $27,000 after buying an additional 100 shares during the last quarter. Barnes Dennig Private Wealth Management LLC boosted its stake in shares of GE Aerospace by 147.2% during the third quarter. Barnes Dennig Private Wealth Management LLC now owns 89 shares of the company’s stock worth $27,000 after buying an additional 53 shares during the period. Finally, IMG Wealth Management Inc. grew its holdings in shares of GE Aerospace by 113.5% during the second quarter. IMG Wealth Management Inc. now owns 111 shares of the company’s stock worth $29,000 after buying an additional 59 shares during the last quarter. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

GE Aerospace Stock Performance

NYSE:GE opened at $318.71 on Thursday. The firm’s fifty day simple moving average is $305.49 and its 200-day simple moving average is $291.81. The company has a quick ratio of 0.76, a current ratio of 1.08 and a debt-to-equity ratio of 0.99. The stock has a market cap of $336.18 billion, a PE ratio of 42.55, a price-to-earnings-growth ratio of 2.13 and a beta of 1.40. GE Aerospace has a fifty-two week low of $159.36 and a fifty-two week high of $332.79.

GE Aerospace (NYSE:GEGet Free Report) last announced its quarterly earnings data on Tuesday, October 21st. The company reported $1.66 EPS for the quarter, beating the consensus estimate of $1.46 by $0.20. The firm had revenue of $11.31 billion during the quarter, compared to analysts’ expectations of $10.29 billion. GE Aerospace had a net margin of 18.34% and a return on equity of 34.01%. The business’s revenue for the quarter was up 26.4% compared to the same quarter last year. During the same quarter last year, the business earned $1.15 earnings per share. 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 announced a quarterly dividend, which will be paid on Monday, January 26th. Shareholders of record on Monday, December 29th will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Monday, December 29th. GE Aerospace’s dividend payout ratio is 19.23%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on GE shares. TD Cowen increased their price target on GE Aerospace from $330.00 to $350.00 and gave the stock a “buy” rating in a report on Wednesday, January 14th. Weiss Ratings restated a “buy (b)” rating on shares of GE Aerospace in a research report on Wednesday, October 8th. Citigroup reduced their target price on shares of GE Aerospace from $386.00 to $378.00 and set a “buy” rating for the company in a research note on Tuesday, January 13th. UBS Group reiterated a “buy” rating and set a $368.00 price target (up from $366.00) on shares of GE Aerospace in a research note on Thursday, January 15th. Finally, JPMorgan Chase & Co. increased their price target on shares of GE Aerospace from $275.00 to $325.00 and gave the stock an “overweight” rating in a report on Monday, October 27th. Sixteen analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $314.00.

Check Out Our Latest Report on GE

GE Aerospace News Summary

Here are the key news stories impacting GE Aerospace this week:

Insider Activity at GE Aerospace

In related news, SVP Russell Stokes sold 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $297.71, for a total value of $2,381,680.00. Following the completion of the sale, the senior vice president directly owned 150,434 shares in the company, valued at approximately $44,785,706.14. The trade was a 5.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.21% of the stock is currently owned by corporate insiders.

GE Aerospace Profile

(Free Report)

GE Aerospace (NYSE: GE) is the aerospace business of General Electric, focused on the design, manufacture and support of aircraft engines, integrated propulsion systems and related aftermarket services. The company serves commercial airlines, airframers, business and general aviation operators, and defense customers, providing propulsion solutions for a broad range of aircraft types from single‑aisle airliners to widebody and military platforms.

Its product portfolio includes a family of commercial and military jet engines as well as spare parts, components and systems engineering.

Further Reading

Institutional Ownership by Quarter for GE Aerospace (NYSE:GE)

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