Blair William & Co. IL Has $38.19 Million Holdings in GE Aerospace (NYSE:GE)

Key Points

• Blair William & Co. IL increased its stake in GE Aerospace by 0.7%, owning 190,797 shares valued at approximately $38.19 million as of its latest SEC filing.
• Several institutional investors, including Ritter Daniher Financial Advisory and Hudock Inc., have also boosted their holdings in GE Aerospace, contributing to 74.77% of the stock being owned by institutional investors.
• Analysts recently raised their price targets for GE Aerospace, with Barclays increasing it from $230.00 to $295.00, reflecting a strong consensus of a "Moderate Buy" rating for the stock.

Blair William & Co. IL increased its stake in shares of GE Aerospace (NYSE:GE - Free Report) by 0.7% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 190,797 shares of the company's stock after acquiring an additional 1,360 shares during the period. Blair William & Co. IL's holdings in GE Aerospace were worth $38,188,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in GE. Ritter Daniher Financial Advisory LLC DE grew its position in shares of GE Aerospace by 17.6% in the fourth quarter. Ritter Daniher Financial Advisory LLC DE now owns 334 shares of the company's stock valued at $56,000 after purchasing an additional 50 shares during the last quarter. Hudock Inc. boosted its stake in GE Aerospace by 1.8% during the 1st quarter. Hudock Inc. now owns 2,905 shares of the company's stock valued at $582,000 after purchasing an additional 50 shares during the period. First Pacific Financial grew its holdings in GE Aerospace by 46.0% in the 1st quarter. First Pacific Financial now owns 165 shares of the company's stock valued at $33,000 after buying an additional 52 shares during the last quarter. First Heartland Consultants Inc. increased its position in GE Aerospace by 1.2% in the 4th quarter. First Heartland Consultants Inc. now owns 4,729 shares of the company's stock worth $789,000 after buying an additional 54 shares during the period. Finally, Motco lifted its holdings in shares of GE Aerospace by 18.5% during the first quarter. Motco now owns 353 shares of the company's stock worth $71,000 after buying an additional 55 shares during the last quarter. 74.77% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on GE shares. Barclays raised their price objective on shares of GE Aerospace from $230.00 to $295.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 23rd. Wall Street Zen upgraded shares of GE Aerospace from a "hold" rating to a "buy" rating in a research report on Friday, July 18th. Northcoast Research lowered shares of GE Aerospace from a "buy" rating to a "neutral" rating in a research report on Monday, May 19th. UBS Group increased their target price on shares of GE Aerospace from $300.00 to $321.00 and gave the company a "buy" rating in a research note on Friday, July 18th. Finally, Wells Fargo & Company boosted their price target on GE Aerospace from $34.00 to $38.00 in a research note on Wednesday, July 23rd. One analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $232.92.

GE Aerospace Trading Down 0.6%

Shares of GE opened at $269.49 on Monday. The company has a current ratio of 1.04, a quick ratio of 0.73 and a debt-to-equity ratio of 0.88. The stock has a market cap of $285.78 billion, a PE ratio of 37.59, a PEG ratio of 2.90 and a beta of 1.44. GE Aerospace has a 1 year low of $150.20 and a 1 year high of $274.94. The stock has a 50 day simple moving average of $252.13 and a 200-day simple moving average of $218.91.

GE Aerospace (NYSE:GE - Get Free Report) last released its quarterly earnings data on Thursday, July 17th. The company reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.23. The firm had revenue of $10.15 billion during the quarter, compared to analyst estimates of $9.49 billion. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%. The business's revenue for the quarter was up 21.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.20 earnings per share. On average, sell-side analysts predict that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 25th. Investors of record on Monday, July 7th were issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 0.5%. GE Aerospace's dividend payout ratio is currently 20.08%.

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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