Axa S.A. Buys 1,810 Shares of GE Aerospace (NYSE:GE)

Axa S.A. increased its stake in shares of GE Aerospace (NYSE:GE - Free Report) by 0.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 585,234 shares of the company's stock after acquiring an additional 1,810 shares during the period. Axa S.A. owned about 0.05% of GE Aerospace worth $97,611,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of GE. Accredited Wealth Management LLC bought a new position in shares of GE Aerospace in the 4th quarter valued at about $195,000. AlTi Global Inc. increased its position in GE Aerospace by 49.2% during the fourth quarter. AlTi Global Inc. now owns 8,362 shares of the company's stock worth $1,439,000 after buying an additional 2,756 shares during the last quarter. Gallagher Fiduciary Advisors LLC lifted its position in shares of GE Aerospace by 20.5% in the fourth quarter. Gallagher Fiduciary Advisors LLC now owns 2,106 shares of the company's stock valued at $351,000 after buying an additional 359 shares during the last quarter. Meiji Yasuda Life Insurance Co boosted its stake in shares of GE Aerospace by 3.1% during the 4th quarter. Meiji Yasuda Life Insurance Co now owns 92,104 shares of the company's stock worth $15,362,000 after acquiring an additional 2,730 shares during the period. Finally, Mercer Global Advisors Inc. ADV increased its holdings in shares of GE Aerospace by 14.6% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 227,289 shares of the company's stock worth $37,910,000 after acquiring an additional 28,928 shares during the last quarter. Institutional investors own 74.77% of the company's stock.

GE Aerospace Trading Up 2.1 %

Shares of GE stock opened at $207.87 on Friday. GE Aerospace has a fifty-two week low of $150.20 and a fifty-two week high of $214.21. The stock's fifty day moving average price is $194.31 and its two-hundred day moving average price is $187.12. 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 $221.67 billion, a PE ratio of 34.70, a P/E/G ratio of 2.59 and a beta of 1.04.

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

GE Aerospace Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Monday, March 10th were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date of this dividend was Monday, March 10th. This is a positive change from GE Aerospace's previous quarterly dividend of $0.28. GE Aerospace's dividend payout ratio (DPR) is 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 that occurred 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 sale, the vice president now directly owns 11,540 shares in the company, valued at $2,270,264.20. This represents a 26.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Mohamed Ali sold 1,602 shares of the stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $200.67, for a total transaction of $321,473.34. Following the sale, the senior vice president now directly owns 8,805 shares of the company's stock, valued at $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 corporate insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. increased their price objective on shares of GE Aerospace from $190.00 to $210.00 and gave the company an "overweight" rating in a research report on Friday, January 24th. Redburn Atlantic initiated coverage on GE Aerospace in a research report on Tuesday, February 18th. They issued a "buy" rating and a $250.00 target price on the stock. Royal Bank of Canada reissued an "outperform" rating and set a $220.00 price target on shares of GE Aerospace in a report on Wednesday, April 23rd. 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. Finally, UBS Group boosted their target price on shares of GE Aerospace from $207.00 to $216.00 and gave the company a "buy" rating in a research report on Wednesday, April 23rd. One research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $216.92.

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.

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