Mufg Securities Americas Inc. Boosts Stock Holdings in GE Aerospace $GE

Mufg Securities Americas Inc. increased its stake in GE Aerospace (NYSE:GE) by 24.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,634 shares of the company’s stock after acquiring an additional 4,636 shares during the period. Mufg Securities Americas Inc.’s holdings in GE Aerospace were worth $6,083,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in GE Aerospace by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 91,989,511 shares of the company’s stock valued at $23,677,180,000 after purchasing an additional 1,482,069 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of GE Aerospace by 6.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 25,131,285 shares of the company’s stock worth $5,030,028,000 after buying an additional 1,492,486 shares during the period. Geode Capital Management LLC lifted its stake in GE Aerospace by 3.1% in the second quarter. Geode Capital Management LLC now owns 24,113,967 shares of the company’s stock worth $6,181,956,000 after acquiring an additional 724,559 shares during the last quarter. Invesco Ltd. lifted its stake in GE Aerospace by 0.6% in the first quarter. Invesco Ltd. now owns 9,599,522 shares of the company’s stock worth $1,921,344,000 after acquiring an additional 54,765 shares during the last quarter. Finally, GQG Partners LLC acquired a new position in GE Aerospace during the 1st quarter worth approximately $1,606,840,000. 74.77% of the stock is owned by institutional investors and hedge funds.

Insider Activity at GE Aerospace

In related news, SVP Russell Stokes sold 8,000 shares of the company’s stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $297.71, for a total value of $2,381,680.00. Following the completion of the sale, the senior vice president owned 150,434 shares in the company, valued at $44,785,706.14. This represents a 5.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.21% of the stock is owned by insiders.

GE Aerospace Stock Down 1.1%

GE opened at $287.29 on Friday. GE Aerospace has a one year low of $159.36 and a one year high of $316.67. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.76 and a current ratio of 1.08. The stock has a market capitalization of $303.04 billion, a P/E ratio of 38.36, a price-to-earnings-growth ratio of 3.09 and a beta of 1.56. The business’s 50-day simple moving average is $301.45 and its 200-day simple moving average is $271.08.

GE Aerospace (NYSE:GE) last announced its earnings results on Tuesday, October 21st. The company reported $1.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.20. The firm had revenue of $11.31 billion during the quarter, compared to analysts’ expectations of $10.29 billion. GE Aerospace had a return on equity of 34.01% and a net margin of 18.34%.The business’s revenue was up 26.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.15 EPS. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. Analysts anticipate that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, October 27th. Stockholders of record on Monday, September 29th were given a dividend of $0.36 per share. The ex-dividend date was Monday, September 29th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.5%. GE Aerospace’s dividend payout ratio (DPR) is 19.23%.

Analysts Set New Price Targets

GE has been the topic of a number of analyst reports. BNP Paribas Exane started coverage on shares of GE Aerospace in a research report on Tuesday. They set an “underperform” rating for the company. UBS Group set a $366.00 price target on GE Aerospace and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Zacks Research cut GE Aerospace from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 26th. JPMorgan Chase & Co. raised their target price on GE Aerospace from $275.00 to $325.00 and gave the stock an “overweight” rating in a research report on Monday, October 27th. Finally, Wall Street Zen cut GE Aerospace from a “buy” rating to a “hold” rating in a research note on Saturday. Fifteen equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $301.27.

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.