GE Aerospace $GE Shares Purchased by Balboa Wealth Partners

Balboa Wealth Partners raised its stake in GE Aerospace (NYSE:GE) by 4.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,068 shares of the company’s stock after acquiring an additional 45 shares during the quarter. Balboa Wealth Partners’ holdings in GE Aerospace were worth $275,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Old North State Wealth Management LLC lifted its holdings in GE Aerospace by 1.9% in the second quarter. Old North State Wealth Management LLC now owns 2,101 shares of the company’s stock valued at $542,000 after acquiring an additional 39 shares during the period. Stephens Consulting LLC lifted its holdings in GE Aerospace by 18.0% in the second quarter. Stephens Consulting LLC now owns 256 shares of the company’s stock valued at $66,000 after acquiring an additional 39 shares during the period. Webster Bank N. A. lifted its holdings in GE Aerospace by 2.1% in the second quarter. Webster Bank N. A. now owns 1,970 shares of the company’s stock valued at $507,000 after acquiring an additional 41 shares during the period. Pacific Sage Partners LLC lifted its holdings in GE Aerospace by 3.5% in the second quarter. Pacific Sage Partners LLC now owns 1,220 shares of the company’s stock valued at $314,000 after acquiring an additional 41 shares during the period. Finally, Ascent Capital Management LLC lifted its holdings in GE Aerospace by 1.9% in the second quarter. Ascent Capital Management LLC now owns 2,273 shares of the company’s stock valued at $585,000 after acquiring an additional 42 shares during the period. 74.77% of the stock is owned by institutional investors and hedge funds.

GE Aerospace Stock Up 1.0%

Shares of GE opened at $303.15 on Tuesday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.73 and a current ratio of 1.04. GE Aerospace has a one year low of $159.36 and a one year high of $307.25. The stock has a market capitalization of $321.48 billion, a price-to-earnings ratio of 42.28, a PEG ratio of 3.23 and a beta of 1.49. The stock has a 50 day moving average price of $286.62 and a 200 day moving average price of $252.17.

GE Aerospace Announces Dividend

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

Analyst Ratings Changes

GE has been the subject of a number of analyst reports. Zacks Research downgraded GE Aerospace from a “strong-buy” rating to a “hold” rating in a report on Friday, September 26th. Royal Bank Of Canada upped their target price on GE Aerospace from $300.00 to $340.00 and gave the stock an “outperform” rating in a research note on Friday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of GE Aerospace in a research note on Wednesday, October 8th. Jefferies Financial Group upped their target price on GE Aerospace from $320.00 to $350.00 and gave the stock a “buy” rating in a research note on Monday, September 22nd. Finally, UBS Group upped their target price on GE Aerospace from $300.00 to $321.00 and gave the stock a “buy” rating in a research note on Friday, July 18th. Fifteen equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, GE Aerospace presently has an average rating of “Moderate Buy” and a consensus target price 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.