GE Aerospace $GE Shares Sold by Stephens Inc. AR

Stephens Inc. AR trimmed its position in shares of GE Aerospace (NYSE:GE) by 1.7% in the second quarter, HoldingsChannel reports. The institutional investor owned 29,399 shares of the company’s stock after selling 494 shares during the period. Stephens Inc. AR’s holdings in GE Aerospace were worth $7,567,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. IMA Advisory Services Inc. acquired a new stake in shares of GE Aerospace during the 1st quarter worth $28,000. Nova Wealth Management Inc. acquired a new stake in shares of GE Aerospace during the 1st quarter worth $29,000. Wealth Preservation Advisors LLC acquired a new stake in shares of GE Aerospace during the 1st quarter worth $30,000. O Brien Wealth Partners LLC acquired a new stake in shares of GE Aerospace during the 1st quarter worth $33,000. Finally, First Pacific Financial increased its holdings in shares of GE Aerospace by 46.0% during the 1st quarter. First Pacific Financial now owns 165 shares of the company’s stock worth $33,000 after buying an additional 52 shares during the last quarter. 74.77% of the stock is currently owned by institutional investors and hedge funds.

GE Aerospace Stock Up 1.0%

Shares of GE Aerospace stock opened at $303.15 on Tuesday. The business has a 50-day moving average of $286.62 and a 200-day moving average of $252.17. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.04 and a quick ratio of 0.73. The company has a market capitalization of $321.48 billion, a PE ratio of 42.28, a P/E/G ratio of 3.23 and a beta of 1.49. GE Aerospace has a 1-year low of $159.36 and a 1-year high of $307.25.

GE Aerospace Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Monday, September 29th will be paid a dividend of $0.36 per share. The ex-dividend date is Monday, September 29th. This represents a $1.44 annualized dividend and a dividend yield of 0.5%. GE Aerospace’s dividend payout ratio (DPR) is currently 20.08%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on GE shares. Zacks Research downgraded GE Aerospace from a “strong-buy” rating to a “hold” rating in a report on Friday, September 26th. Citigroup reiterated a “buy” rating and issued a $296.00 price target (up from $227.00) on shares of GE Aerospace in a report on Monday, July 14th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $350.00 price target on shares of GE Aerospace in a report on Wednesday, October 8th. Sanford C. Bernstein increased their price target on GE Aerospace from $343.00 to $374.00 and gave the company an “outperform” rating in a report on Wednesday, October 15th. Finally, The Goldman Sachs Group increased their price target on GE Aerospace from $271.00 to $305.00 and gave the company a “buy” rating in a report on Friday, October 10th. Fifteen research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, GE Aerospace presently has an average rating of “Moderate Buy” and an average price target of $276.31.

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.