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

GE Aerospace logo with Industrials background

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.

Check Out Our Latest Stock Analysis on GE Aerospace

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

(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.

Further Reading

Institutional Ownership by Quarter for GE Aerospace (NYSE:GE)

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