GE Aerospace $GE Shares Sold by Beverly Hills Private Wealth LLC

Beverly Hills Private Wealth LLC cut its holdings in shares of GE Aerospace (NYSE:GE) by 8.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,676 shares of the company’s stock after selling 150 shares during the period. Beverly Hills Private Wealth LLC’s holdings in GE Aerospace were worth $431,000 at the end of the most recent quarter.

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

GE Aerospace Price Performance

NYSE:GE opened at $303.15 on Tuesday. GE Aerospace has a one year low of $159.36 and a one year high of $307.25. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.73 and a current ratio of 1.04. The firm has a market cap 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 firm’s fifty day moving average is $286.62 and its two-hundred day moving average is $252.17.

GE Aerospace Announces Dividend

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

Analyst Ratings Changes

Several equities analysts recently issued reports on GE shares. UBS Group upped their target price on GE Aerospace from $300.00 to $321.00 and gave the company a “buy” rating in a research report on Friday, July 18th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $350.00 target price on shares of GE Aerospace in a research report on Wednesday, October 8th. The Goldman Sachs Group upped their target price on GE Aerospace from $271.00 to $305.00 and gave the company a “buy” rating in a research report on Friday, October 10th. Sanford C. Bernstein upped their target price on GE Aerospace from $343.00 to $374.00 and gave the company an “outperform” rating in a research report on Wednesday, October 15th. Finally, Royal Bank Of Canada upped their target price on GE Aerospace from $300.00 to $340.00 and gave the company an “outperform” rating in a research report on Friday. Fifteen analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, GE Aerospace presently has a consensus rating of “Moderate Buy” and an average 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.