GE Aerospace (NYSE:GE) Shares Bought by Axa S.A.

AXA S.A. raised its stake in GE Aerospace (NYSE:GE - Free Report) by 0.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 585,234 shares of the company's stock after purchasing an additional 1,810 shares during the period. AXA S.A. owned 0.05% of GE Aerospace worth $97,611,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of GE. Johnson & White Wealth Management LLC acquired 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 approximately $795,000. National Bank of Canada FI increased its position in GE Aerospace by 2.9% during the fourth quarter. National Bank of Canada FI now owns 1,064,417 shares of the company's stock worth $177,535,000 after buying an additional 29,844 shares during the period. World Investment Advisors LLC boosted its holdings in shares of GE Aerospace by 60.7% in the third quarter. World Investment Advisors LLC now owns 13,662 shares of the company's stock valued at $2,576,000 after acquiring an additional 5,162 shares during the period. Finally, National Pension Service grew its position in shares of GE Aerospace by 1.7% during 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 last quarter. Hedge funds and other institutional investors own 74.77% of the company's stock.

Analyst Ratings Changes

GE has been the subject of a number of recent research reports. JPMorgan Chase & Co. increased their price target on shares of GE Aerospace from $190.00 to $210.00 and gave the stock an "overweight" rating in a research note on Friday, January 24th. Citigroup lowered their price target on GE Aerospace from $235.00 to $227.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. 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 research note on Monday, January 27th. Redburn Atlantic started coverage on GE Aerospace in a research note on Tuesday, February 18th. They set a "buy" rating and a $250.00 price target for the company. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $220.00 price objective on shares of GE Aerospace in a research report on Wednesday, April 23rd. One equities research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $216.92.

GE Aerospace Price Performance

NYSE:GE traded up $0.99 during mid-day trading on Wednesday, hitting $209.59. 1,505,667 shares of the company's stock traded hands, compared to its average volume of 5,347,978. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 1.09. The company has a market cap of $223.50 billion, a PE ratio of 35.00, a price-to-earnings-growth ratio of 2.59 and a beta of 1.31. The firm's 50 day simple moving average is $194.61 and its 200 day simple moving average is $187.31. GE Aerospace has a 1 year low of $150.20 and a 1 year high of $214.21.

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 for the quarter, topping analysts' consensus estimates of $1.29 by $0.20. The company had revenue of $9.94 billion during the quarter, compared to analysts' expectations of $9.06 billion. GE Aerospace had a return on equity of 22.19% and a net margin of 14.31%. Sell-side analysts expect that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Monday, March 10th were paid a dividend of $0.36 per share. This is an increase from GE Aerospace's previous quarterly dividend of $0.28. The ex-dividend date was Monday, March 10th. This represents a $1.44 annualized dividend and a dividend yield of 0.69%. GE Aerospace's dividend payout ratio is presently 22.40%.

Insider Buying and Selling

In related news, VP Robert M. Giglietti sold 4,104 shares of the company's stock in a transaction on Thursday, April 24th. The stock was sold at an average price of $196.73, for a total value of $807,379.92. Following the completion of the transaction, the vice president now directly owns 11,540 shares in the company, valued at approximately $2,270,264.20. This represents a 26.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Mohamed Ali sold 1,602 shares of the company's stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $200.67, for a total transaction of $321,473.34. Following the transaction, the senior vice president now directly owns 8,805 shares of the company's stock, valued at approximately $1,766,899.35. This represents a 15.39 % decrease in their position. The disclosure for this sale can be found here. 0.21% of the stock is owned by company insiders.

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.