Capstone Financial Advisors Inc. Decreases Stake in GE Aerospace (NYSE:GE)

by · The Cerbat Gem

Capstone Financial Advisors Inc. reduced its stake in shares of GE Aerospace (NYSE:GE – Free Report) by 4.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,858 shares of the company’s stock after selling 79 shares during the period. Capstone Financial Advisors Inc.’s holdings in GE Aerospace were worth $310,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GE. Johnson & White Wealth Management LLC purchased a new position in GE Aerospace in the fourth quarter valued at $733,000. Chung Wu Investment Group LLC acquired a new position in GE Aerospace during the fourth quarter worth about $795,000. National Bank of Canada FI grew its stake in shares of GE Aerospace by 2.9% in the 4th quarter. National Bank of Canada FI now owns 1,064,417 shares of the company’s stock valued at $177,535,000 after buying an additional 29,844 shares during the period. World Investment Advisors LLC grew its position in GE Aerospace by 60.7% in the third quarter. World Investment Advisors LLC now owns 13,662 shares of the company’s stock worth $2,576,000 after acquiring an additional 5,162 shares during the period. Finally, National Pension Service grew its position in GE Aerospace by 1.7% in the fourth quarter. National Pension Service now owns 2,254,637 shares of the company’s stock worth $376,051,000 after acquiring an additional 37,884 shares during the period. 74.77% of the stock is currently owned by institutional investors and hedge funds.

GE Aerospace Price Performance

Shares of GE opened at $198.55 on Monday. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88. GE Aerospace has a 1 year low of $150.20 and a 1 year high of $214.21. The stock has a market cap of $213.10 billion, a P/E ratio of 33.15, a price-to-earnings-growth ratio of 2.59 and a beta of 1.04. The stock’s 50-day moving average price is $194.36 and its two-hundred day moving average price is $186.66.

GE Aerospace (NYSE:GE – Get Free Report) last announced its earnings results on Tuesday, April 22nd. The company reported $1.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.20. GE Aerospace had a return on equity of 22.19% and a net margin of 14.31%. The business had revenue of $9.94 billion for the quarter, compared to analyst estimates of $9.06 billion. On average, equities analysts predict that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Monday, March 10th were issued a dividend of $0.36 per share. The ex-dividend date was Monday, March 10th. This is a positive change from GE Aerospace’s previous quarterly dividend of $0.28. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.73%. GE Aerospace’s payout ratio is presently 22.40%.

Wall Street Analyst Weigh In

GE has been the topic of a number of analyst reports. JPMorgan Chase & Co. raised their price target on GE Aerospace from $190.00 to $210.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. Redburn Atlantic assumed coverage on GE Aerospace in a research note on Tuesday, February 18th. They issued a “buy” rating and a $250.00 price target on the stock. Bank of America lifted their price objective on GE Aerospace from $200.00 to $225.00 and gave the company a “buy” rating in a research note on Monday, January 27th. 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 report on Wednesday, April 9th. Finally, Citigroup decreased their price target on GE Aerospace from $235.00 to $227.00 and set a “buy” rating for the company in a research note on Thursday, April 10th. One investment analyst has rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, GE Aerospace presently has an average rating of “Moderate Buy” and an average price target of $216.92.

Check Out Our Latest Research Report on GE Aerospace

GE Aerospace Profile

(Free Report)

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.

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