O Brien Wealth Partners LLC Invests $33,000 in GE Aerospace (NYSE:GE)

O Brien Wealth Partners LLC acquired a new position in shares of GE Aerospace (NYSE:GE) in the first quarter, Holdings Channel.com reports. The fund acquired 163 shares of the company’s stock, valued at approximately $33,000.

Other hedge funds also recently made changes to their positions in the company. Kanawha Capital Management LLC lifted its position in GE Aerospace by 2.7% in the 1st quarter. Kanawha Capital Management LLC now owns 10,479 shares of the company’s stock worth $2,097,000 after buying an additional 278 shares during the last quarter. Moody Lynn & Lieberson LLC lifted its holdings in shares of GE Aerospace by 12.5% in the 1st quarter. Moody Lynn & Lieberson LLC now owns 28,384 shares of the company’s stock worth $5,681,000 after acquiring an additional 3,150 shares during the last quarter. Aaron Wealth Advisors LLC lifted its holdings in shares of GE Aerospace by 10.6% in the 1st quarter. Aaron Wealth Advisors LLC now owns 5,798 shares of the company’s stock worth $1,160,000 after acquiring an additional 555 shares during the last quarter. FSM Wealth Advisors LLC lifted its stake in GE Aerospace by 7.9% in the first quarter. FSM Wealth Advisors LLC now owns 6,554 shares of the company’s stock worth $1,312,000 after purchasing an additional 481 shares during the last quarter. Finally, Coastline Trust Co lifted its stake in GE Aerospace by 20.9% in the first quarter. Coastline Trust Co now owns 14,236 shares of the company’s stock worth $2,849,000 after purchasing an additional 2,464 shares during the last quarter. 74.77% of the stock is owned by institutional investors.

GE Aerospace Price Performance

Shares of GE Aerospace stock opened at $244.84 on Thursday. The company has a quick ratio of 0.77, a current ratio of 1.08 and a debt-to-equity ratio of 0.90. The company has a market cap of $261.09 billion, a PE ratio of 38.08, a P/E/G ratio of 3.00 and a beta of 1.37. The business has a 50 day moving average of $232.43 and a 200 day moving average of $204.51. GE Aerospace has a 52 week low of $150.20 and a 52 week high of $260.55.

GE Aerospace (NYSE:GE) last announced its earnings results on Tuesday, April 22nd. The company reported $1.49 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.20. GE Aerospace had a return on equity of 29.15% and a net margin of 17.63%. The company had revenue of $9.94 billion during the quarter, compared to the consensus estimate of $9.06 billion. As a group, equities research analysts forecast that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Announces Dividend

The business 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 $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 0.59%. GE Aerospace’s payout ratio is currently 22.40%.

Wall Street Analysts Forecast Growth

GE has been the subject of several recent research reports. Wells Fargo & Company boosted their price target on shares of GE Aerospace from $212.00 to $222.00 and gave the stock an “overweight” rating in a research note on Thursday, April 24th. UBS Group boosted their target price on GE Aerospace from $207.00 to $216.00 and gave the company a “buy” rating in a research note on Wednesday, April 23rd. Citigroup lowered their price objective on GE Aerospace from $235.00 to $227.00 and set a “buy” rating for the company in a research report on Thursday, April 10th. Northcoast Research downgraded GE Aerospace from a “buy” rating to a “neutral” rating in a research report on Monday, May 19th. Finally, Royal Bank Of Canada set a $275.00 price objective on GE Aerospace and gave the company an “outperform” rating in a research report on Tuesday, June 3rd. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $223.75.

Insider Transactions at GE Aerospace

In other news, SVP Mohamed Ali sold 1,602 shares of the stock in a transaction that occurred on 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 owned 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction, the vice president directly owned 11,540 shares of the company’s stock, valued at $2,270,264.20. This represents a 26.23% decrease in their position. The disclosure for this sale can be found here. 0.21% of the stock is owned by corporate 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.