Mirabella Financial Services LLP Invests $1.05 Million in GE Aerospace (NYSE:GE)

Mirabella Financial Services LLP bought a new position in shares of GE Aerospace (NYSE:GE - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 6,267 shares of the company's stock, valued at approximately $1,045,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. New Age Alpha Advisors LLC lifted its holdings in shares of GE Aerospace by 133.3% in the fourth 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 stake in GE Aerospace in the 4th quarter valued at approximately $27,000. Sumitomo Mitsui Financial Group Inc. bought a new stake in GE Aerospace in the 4th quarter valued at approximately $28,000. Sugar Maple Asset Management LLC acquired a new position in GE Aerospace during the 4th quarter worth approximately $29,000. Finally, CBIZ Investment Advisory Services LLC acquired a new position in GE Aerospace during the 4th quarter worth approximately $29,000. 74.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Royal Bank of Canada reissued an "outperform" rating and issued a $220.00 price objective on shares of GE Aerospace in a research report on Wednesday. UBS Group lifted their price target on shares of GE Aerospace from $207.00 to $216.00 and gave the company a "buy" rating in a research note on Wednesday. Redburn Atlantic began coverage on shares of GE Aerospace in a research note on Tuesday, February 18th. They set a "buy" rating and a $250.00 price objective for the company. JPMorgan Chase & Co. lifted their target price on GE Aerospace from $190.00 to $210.00 and gave the company an "overweight" rating in a research report on Friday, January 24th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on GE Aerospace from $235.00 to $228.00 and set a "buy" rating for the company in a research report on Thursday, January 2nd. One 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, GE Aerospace has an average rating of "Moderate Buy" and an average price target of $216.92.

GE Aerospace Stock Performance

GE Aerospace stock traded up $0.22 during trading hours on Friday, hitting $197.63. The company had a trading volume of 1,887,117 shares, compared to its average volume of 5,392,539. GE Aerospace has a one year low of $150.20 and a one year high of $214.21. The firm has a market cap of $212.11 billion, a PE ratio of 33.07, a PEG ratio of 2.59 and a beta of 1.04. The firm has a 50-day moving average of $194.59 and a 200 day moving average of $186.61. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81.

GE Aerospace (NYSE:GE - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. On average, sell-side analysts expect that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Increases Dividend

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

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.