Asset Management One Co. Ltd. Increases Position in GE Aerospace (NYSE:GE)

Asset Management One Co. Ltd. boosted its position in GE Aerospace (NYSE:GE - Free Report) by 5.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 468,175 shares of the company's stock after purchasing an additional 24,810 shares during the period. Asset Management One Co. Ltd.'s holdings in GE Aerospace were worth $93,705,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in GE. New Age Alpha Advisors LLC raised its holdings in GE Aerospace by 133.3% in the 4th quarter. New Age Alpha Advisors LLC now owns 147 shares of the company's stock worth $25,000 after purchasing an additional 84 shares during the period. Sumitomo Mitsui Financial Group Inc. purchased a new stake in GE Aerospace in the fourth quarter worth about $28,000. Putney Financial Group LLC bought a new position in shares of GE Aerospace in the fourth quarter worth about $28,000. CBIZ Investment Advisory Services LLC bought a new position in shares of GE Aerospace in the fourth quarter worth about $29,000. Finally, Copia Wealth Management lifted its position 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 valued at $29,000 after buying an additional 142 shares in the last quarter. 74.77% of the stock is currently owned by institutional investors.

Insider Transactions at GE Aerospace

In related news, VP Robert M. Giglietti sold 4,104 shares of the firm'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 sale, the vice president now directly owns 11,540 shares in the company, valued at $2,270,264.20. This trade represents a 26.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Mohamed Ali sold 1,602 shares of GE Aerospace stock in a transaction on Tuesday, April 29th. The stock was 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 $1,766,899.35. The trade was a 15.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.21% of the company's stock.

Wall Street Analyst Weigh In

GE has been the subject of several analyst reports. Northcoast Research lowered shares of GE Aerospace from a "buy" rating to a "neutral" rating in a report on Monday, May 19th. UBS Group increased their price objective on shares of GE Aerospace from $207.00 to $216.00 and gave the stock a "buy" rating in a research note on Wednesday, April 23rd. Citigroup lowered their target price on shares of GE Aerospace from $235.00 to $227.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Royal Bank Of Canada set a $275.00 price target on GE Aerospace and gave the stock an "outperform" rating in a research note on Tuesday, June 3rd. Finally, Wells Fargo & Company boosted their price objective on GE Aerospace from $212.00 to $222.00 and gave the company an "overweight" rating in a research report on Thursday, April 24th. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, GE Aerospace has an average rating of "Moderate Buy" and an average price target of $221.15.

GE Aerospace Price Performance

GE Aerospace stock traded up $3.50 during midday trading on Friday, reaching $254.50. 26,986,431 shares of the stock traded hands, compared to its average volume of 5,495,057. The stock has a market cap of $271.39 billion, a P/E ratio of 39.58, a PEG ratio of 3.01 and a beta of 1.38. The stock's fifty day moving average is $227.18 and its 200-day moving average is $202.19. The company has a quick ratio of 0.77, a current ratio of 1.08 and a debt-to-equity ratio of 0.90. GE Aerospace has a 12 month low of $150.20 and a 12 month high of $260.45.

GE Aerospace (NYSE:GE - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.20. GE Aerospace had a return on equity of 29.15% and a net margin of 17.63%. The business had revenue of $9.94 billion for the quarter, compared to analysts' expectations of $9.06 billion. As a group, equities research analysts anticipate that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Monday, July 7th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.57%. GE Aerospace's payout ratio is currently 22.40%.

GE Aerospace Company Profile

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.