Aviso Wealth Management grew its holdings in GE Aerospace (NYSE:GE - Free Report) by 34.9% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 15,067 shares of the company's stock after buying an additional 3,894 shares during the period. GE Aerospace accounts for approximately 1.6% of Aviso Wealth Management's portfolio, making the stock its 12th largest position. Aviso Wealth Management's holdings in GE Aerospace were worth $3,016,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. GAMMA Investing LLC raised its position in GE Aerospace by 23,611.7% during the 1st quarter. GAMMA Investing LLC now owns 5,065,997 shares of the company's stock worth $1,013,959,000 after buying an additional 5,044,632 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in shares of GE Aerospace by 87.7% in the fourth quarter. Janus Henderson Group PLC now owns 3,581,799 shares of the company's stock valued at $597,412,000 after acquiring an additional 1,673,365 shares in the last quarter. Invesco Ltd. increased its stake in shares of GE Aerospace by 14.4% during the fourth quarter. Invesco Ltd. now owns 9,544,757 shares of the company's stock worth $1,591,970,000 after acquiring an additional 1,204,910 shares during the period. FMR LLC raised its holdings in GE Aerospace by 1.5% during the fourth quarter. FMR LLC now owns 66,823,968 shares of the company's stock worth $11,145,570,000 after purchasing an additional 965,012 shares in the last quarter. Finally, Nuveen Asset Management LLC raised its holdings in GE Aerospace by 32.1% during the fourth quarter. Nuveen Asset Management LLC now owns 3,453,651 shares of the company's stock worth $576,034,000 after purchasing an additional 838,954 shares in the last quarter. Institutional investors and hedge funds own 74.77% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts have weighed in on the company. UBS Group lifted their price objective on GE Aerospace from $300.00 to $321.00 and gave the company a "buy" rating in a report on Friday, July 18th. Wall Street Zen raised GE Aerospace from a "hold" rating to a "buy" rating in a report on Friday, July 18th. Barclays upped their price objective on GE Aerospace from $230.00 to $295.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. Royal Bank Of Canada raised their target price on GE Aerospace from $275.00 to $300.00 and gave the company an "outperform" rating in a report on Friday, July 18th. Finally, Wells Fargo & Company boosted their target price on shares of GE Aerospace from $34.00 to $38.00 in a research report on Wednesday, July 23rd. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $232.92.
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GE Aerospace Price Performance
Shares of GE Aerospace stock traded down $1.59 on Friday, hitting $269.49. The company's stock had a trading volume of 4,380,267 shares, compared to its average volume of 6,337,291. The company has a market capitalization of $285.78 billion, a P/E ratio of 37.59, a price-to-earnings-growth ratio of 2.90 and a beta of 1.44. GE Aerospace has a 52-week low of $150.20 and a 52-week high of $274.94. The firm has a fifty day moving average price of $252.13 and a 200-day moving average price of $218.37. The company has a quick ratio of 0.73, a current ratio of 1.04 and a debt-to-equity ratio of 0.88.
GE Aerospace (NYSE:GE - Get Free Report) last announced its earnings results on Thursday, July 17th. The company reported $1.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.43 by $0.23. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. The company had revenue of $10.15 billion during the quarter, compared to analysts' expectations of $9.49 billion. During the same quarter in the previous year, the business posted $1.20 earnings per share. The firm's quarterly revenue was up 21.2% compared to the same quarter last year. On average, equities research analysts expect that GE Aerospace will post 5.4 earnings per share for the current fiscal year.
GE Aerospace Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, July 25th. Investors of record on Monday, July 7th were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 0.5%. GE Aerospace's payout ratio is currently 20.08%.
GE Aerospace Company Profile
(
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.
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