OneDigital Investment Advisors LLC Sells 4,696 Shares of GE Aerospace (NYSE:GE)

OneDigital Investment Advisors LLC lessened its position in GE Aerospace (NYSE:GE - Free Report) by 8.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 48,084 shares of the company's stock after selling 4,696 shares during the period. OneDigital Investment Advisors LLC's holdings in GE Aerospace were worth $8,020,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Truvestments Capital LLC lifted its position in shares of GE Aerospace by 26.2% during the fourth quarter. Truvestments Capital LLC now owns 236 shares of the company's stock worth $39,000 after purchasing an additional 49 shares in the last quarter. Ritter Daniher Financial Advisory LLC DE raised its position in GE Aerospace by 17.6% in the 4th quarter. Ritter Daniher Financial Advisory LLC DE now owns 334 shares of the company's stock worth $56,000 after purchasing an additional 50 shares during the last quarter. Ballast Advisors LLC lifted its holdings in GE Aerospace by 2.5% during the 4th quarter. Ballast Advisors LLC now owns 2,093 shares of the company's stock worth $349,000 after buying an additional 51 shares in the last quarter. Blue Barn Wealth LLC boosted its position in GE Aerospace by 3.8% in the 4th quarter. Blue Barn Wealth LLC now owns 1,466 shares of the company's stock valued at $245,000 after buying an additional 54 shares during the last quarter. Finally, Game Plan Financial Advisors LLC increased its stake in shares of GE Aerospace by 10.5% in the 4th quarter. Game Plan Financial Advisors LLC now owns 578 shares of the company's stock valued at $96,000 after buying an additional 55 shares during the period. 74.77% of the stock is currently owned by institutional investors and hedge funds.

GE Aerospace Stock Up 0.6 %

GE traded up $1.14 during trading on Friday, hitting $198.55. The company had a trading volume of 4,390,590 shares, compared to its average volume of 5,399,811. The firm's 50-day moving average price is $194.36 and its 200 day moving average price is $186.68. GE Aerospace has a one year low of $150.20 and a one year high of $214.21. The company has a market capitalization of $213.10 billion, a PE ratio of 33.15, a PEG ratio of 2.59 and a beta of 1.04. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.88.

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

GE Aerospace Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Monday, March 10th were given a dividend of $0.36 per share. The ex-dividend date was 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 yield of 0.73%. GE Aerospace's payout ratio is 22.40%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on GE. Northcoast Research upgraded GE Aerospace from a "neutral" rating to a "buy" rating and set a $205.00 price objective for the company in a research report on Wednesday, April 9th. 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. Redburn Atlantic started coverage on shares of GE Aerospace in a research report on Tuesday, February 18th. They set a "buy" rating and a $250.00 target price for the company. UBS Group raised their price target on GE Aerospace from $207.00 to $216.00 and gave the stock a "buy" rating in a research report on Wednesday. Finally, Bank of America upped their price objective on GE Aerospace from $200.00 to $225.00 and gave the company a "buy" rating in a report on Monday, January 27th. One analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average 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.