Amundi Buys 1,771,944 Shares of GE Aerospace $GE

Key Points

• Amundi has increased its stake in GE Aerospace by 124.0%, owning a total of 3,200,479 shares worth approximately $600 million.
• GE Aerospace reported a quarterly earnings per share (EPS) of $1.66, surpassing analyst expectations of $1.43, alongside a revenue of $10.15 billion.
• Institutional investors currently own 74.77% of GE Aerospace, with several major firms increasing their holdings in the first quarter of this year.

Amundi grew its position in shares of GE Aerospace (NYSE:GE - Free Report) by 124.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,200,479 shares of the company's stock after buying an additional 1,771,944 shares during the period. Amundi owned approximately 0.30% of GE Aerospace worth $600,506,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. IMA Advisory Services Inc. acquired a new stake in shares of GE Aerospace during the 1st quarter worth $28,000. Copia Wealth Management grew its holdings in shares of GE Aerospace by 14,200.0% during the 1st quarter. Copia Wealth Management now owns 143 shares of the company's stock worth $29,000 after purchasing an additional 142 shares in the last quarter. Wealth Preservation Advisors LLC acquired a new stake in shares of GE Aerospace during the 1st quarter worth $30,000. O Brien Wealth Partners LLC acquired a new stake in shares of GE Aerospace during the 1st quarter worth $33,000. Finally, First Pacific Financial grew its holdings in shares of GE Aerospace by 46.0% during the 1st quarter. First Pacific Financial now owns 165 shares of the company's stock worth $33,000 after purchasing an additional 52 shares in the last quarter. Institutional investors own 74.77% of the company's stock.

GE Aerospace Trading Down 0.9%

GE Aerospace stock traded down $2.62 during trading hours on Friday, hitting $279.65. The stock had a trading volume of 4,950,277 shares, compared to its average volume of 4,029,993. The company has a quick ratio of 0.73, a current ratio of 1.04 and a debt-to-equity ratio of 0.88. The stock has a market cap of $296.55 billion, a price-to-earnings ratio of 39.00, a P/E/G ratio of 3.00 and a beta of 1.48. GE Aerospace has a one year low of $159.36 and a one year high of $284.41. The business's 50 day simple moving average is $266.25 and its 200-day simple moving average is $231.37.

GE Aerospace (NYSE:GE - Get Free Report) last posted its earnings results on Thursday, July 17th. The company reported $1.66 EPS for the quarter, beating the consensus estimate of $1.43 by $0.23. The firm had revenue of $10.15 billion during the quarter, compared to the consensus estimate of $9.49 billion. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%.The business's quarterly revenue was up 21.2% on a year-over-year basis. During the same period last year, the company earned $1.20 earnings per share. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. On average, equities analysts predict that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Monday, July 7th were given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Monday, July 7th. GE Aerospace's dividend payout ratio (DPR) is 20.08%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on GE. Sanford C. Bernstein reissued an "outperform" rating on shares of GE Aerospace in a report on Friday, August 15th. Citigroup reissued a "buy" rating and set a $296.00 target price (up from $227.00) on shares of GE Aerospace in a report on Monday, July 14th. Northcoast Research lowered GE Aerospace from a "buy" rating to a "neutral" rating in a research note on Monday, May 19th. UBS Group raised their price objective on GE Aerospace from $300.00 to $321.00 and gave the company a "buy" rating in a research note on Friday, July 18th. Finally, Wall Street Zen lowered GE Aerospace from a "buy" rating to a "hold" rating in a research note on Saturday, August 30th. Ten investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, GE Aerospace has a consensus rating of "Moderate Buy" and a consensus price target of $232.92.

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.