Mayflower Financial Advisors LLC Has $399,000 Stake in GE Aerospace (NYSE:GE)

Mayflower Financial Advisors LLC reduced its stake in GE Aerospace (NYSE:GE) by 6.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,991 shares of the company’s stock after selling 141 shares during the quarter. Mayflower Financial Advisors LLC’s holdings in GE Aerospace were worth $399,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Brighton Jones LLC raised its holdings in GE Aerospace by 25.3% in the fourth quarter. Brighton Jones LLC now owns 12,008 shares of the company’s stock worth $2,003,000 after purchasing an additional 2,421 shares in the last quarter. Revolve Wealth Partners LLC increased its position in GE Aerospace by 7.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 2,251 shares of the company’s stock worth $375,000 after buying an additional 150 shares during the period. Proficio Capital Partners LLC increased its holdings in shares of GE Aerospace by 62.2% in the fourth quarter. Proficio Capital Partners LLC now owns 3,327 shares of the company’s stock valued at $555,000 after purchasing an additional 1,276 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in GE Aerospace during the fourth quarter worth $849,000. Finally, Axxcess Wealth Management LLC increased its stake in GE Aerospace by 0.7% in the fourth quarter. Axxcess Wealth Management LLC now owns 12,536 shares of the company’s stock valued at $2,091,000 after purchasing an additional 93 shares during the last quarter. 74.77% of the stock is owned by institutional investors.

Insider Activity

In related news, VP Robert M. Giglietti sold 4,104 shares of the firm’s stock in a transaction that occurred on Thursday, April 24th. The shares were sold at an average price of $196.73, for a total value of $807,379.92. Following the transaction, the vice president owned 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Mohamed Ali sold 1,602 shares of the business’s stock in a transaction 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 completion of the sale, the senior vice president owned 8,805 shares in the company, valued at $1,766,899.35. This represents a 15.39% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on GE. Northcoast Research cut GE Aerospace from a “buy” rating to a “neutral” rating in a research report on Monday, May 19th. Royal Bank Of Canada set a $275.00 price target on shares of GE Aerospace and gave the stock an “outperform” rating in a report on Tuesday, June 3rd. Wells Fargo & Company increased 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. Citigroup reaffirmed a “buy” rating and issued a $296.00 target price (up previously from $227.00) on shares of GE Aerospace in a research report on Monday. Finally, UBS Group boosted 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. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, GE Aerospace presently has a consensus rating of “Moderate Buy” and an average target price of $229.50.

GE Aerospace Trading Down 2.2%

GE stock opened at $260.22 on Friday. The company has a fifty day moving average price of $243.40 and a two-hundred day moving average price of $211.08. The stock has a market cap of $277.50 billion, a price-to-earnings ratio of 40.47, a price-to-earnings-growth ratio of 3.19 and a beta of 1.37. GE Aerospace has a one year low of $150.20 and a one year high of $272.80. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.08 and a quick ratio of 0.77.

GE Aerospace (NYSE:GE) last issued its earnings results on Thursday, July 17th. The company reported $1.66 EPS for the quarter, topping the consensus estimate of $1.43 by $0.23. The business had revenue of $10.15 billion during the quarter, compared to the consensus estimate of $9.49 billion. GE Aerospace had a return on equity of 29.15% and a net margin of 17.63%. The firm’s revenue was up 21.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.20 EPS. Equities analysts anticipate that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 25th. Investors of record on Monday, July 7th will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 0.55%. GE Aerospace’s dividend payout ratio (DPR) is currently 22.40%.

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.