GE Aerospace (NYSE:GE) Shares Sold by Nippon Life Global Investors Americas Inc.

Nippon Life Global Investors Americas Inc. cut its holdings in GE Aerospace (NYSE:GE - Free Report) by 39.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 129,200 shares of the company's stock after selling 83,420 shares during the quarter. Nippon Life Global Investors Americas Inc.'s holdings in GE Aerospace were worth $21,582,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. New Age Alpha Advisors LLC boosted its holdings in GE Aerospace by 133.3% in the 4th quarter. New Age Alpha Advisors LLC now owns 147 shares of the company's stock valued at $25,000 after purchasing an additional 84 shares in the last quarter. Hager Investment Management Services LLC acquired a new position in GE Aerospace during the fourth quarter worth $27,000. Sumitomo Mitsui Financial Group Inc. acquired a new stake in GE Aerospace in the fourth quarter valued at $28,000. Sugar Maple Asset Management LLC purchased a new stake in shares of GE Aerospace during the 4th quarter worth $29,000. Finally, CBIZ Investment Advisory Services LLC acquired a new position in shares of GE Aerospace during the 4th quarter worth $29,000. 74.77% of the stock is owned by hedge funds and other institutional investors.

GE Aerospace Trading Up 0.6 %

Shares of NYSE:GE traded up $1.14 during trading on Friday, reaching $198.55. The stock had a trading volume of 4,390,590 shares, compared to its average volume of 5,401,832. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.88. The stock has a market cap of $213.10 billion, a P/E ratio of 33.15, a PEG ratio of 2.59 and a beta of 1.04. The business has a fifty day moving average price of $194.59 and a 200-day moving average price of $186.61. GE Aerospace has a fifty-two week low of $150.20 and a fifty-two week high of $214.21.

GE Aerospace (NYSE:GE - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.20. GE Aerospace had a return on equity of 22.19% and a net margin of 14.31%. The company had revenue of $9.94 billion during the quarter, compared to the consensus estimate of $9.06 billion. As a group, analysts anticipate that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 10th will be given a $0.36 dividend. The ex-dividend date of this dividend is Monday, March 10th. This is a boost from GE Aerospace's previous quarterly dividend of $0.28. This represents a $1.44 annualized dividend and a dividend yield of 0.73%. GE Aerospace's dividend payout ratio (DPR) is currently 22.40%.

Analysts Set New Price Targets

GE has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of GE Aerospace from $190.00 to $210.00 and gave the stock an "overweight" rating in a report on Friday, January 24th. Citigroup decreased their price target on GE Aerospace from $235.00 to $227.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $220.00 price objective on shares of GE Aerospace in a research note on Wednesday. Northcoast Research upgraded GE Aerospace from a "neutral" rating to a "buy" rating and set a $205.00 target price on the stock in a research report on Wednesday, April 9th. Finally, Wells Fargo & Company upped their target price on GE Aerospace from $212.00 to $222.00 and gave the company an "overweight" rating in a report on Thursday. One investment analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $216.92.

GE Aerospace Company 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.