GE Aerospace $GE Shares Acquired by UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC

Key Points

• UBS Asset Management increased its stake in GE Aerospace by 6.8%, acquiring 491,207 additional shares to reach a total of 7,676,180 shares.
• Analysts have a favorable view on GE Aerospace, with Barclays raising its price target from $230 to $295 and the stock receiving an average rating of "Moderate Buy."
• GE Aerospace recently declared a quarterly dividend of $0.36 per share, indicating a 0.5% annual yield and a payout ratio of 20.08%.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in GE Aerospace (NYSE:GE - Free Report) by 6.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,676,180 shares of the company's stock after acquiring an additional 491,207 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 0.72% of GE Aerospace worth $1,536,387,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Putney Financial Group LLC acquired a new stake in shares of GE Aerospace in the 4th quarter worth approximately $28,000. IMA Advisory Services Inc. acquired a new stake in shares of GE Aerospace in the 1st quarter worth approximately $28,000. Copia Wealth Management grew its holdings in shares of GE Aerospace by 14,200.0% in the 1st quarter. Copia Wealth Management now owns 143 shares of the company's stock worth $29,000 after acquiring an additional 142 shares during the period. Wealth Preservation Advisors LLC acquired a new stake in shares of GE Aerospace in the 1st quarter worth approximately $30,000. Finally, First Pacific Financial grew its holdings in shares of GE Aerospace by 46.0% in the 1st quarter. First Pacific Financial now owns 165 shares of the company's stock worth $33,000 after acquiring an additional 52 shares during the period. Institutional investors and hedge funds own 74.77% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on GE. Barclays upped their price target on GE Aerospace from $230.00 to $295.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. Wall Street Zen cut GE Aerospace from a "buy" rating to a "hold" rating in a report on Saturday, August 30th. UBS Group increased their target price on GE Aerospace from $300.00 to $321.00 and gave the company a "buy" rating in a report on Friday, July 18th. Sanford C. Bernstein reiterated an "outperform" rating on shares of GE Aerospace in a report on Friday, August 15th. Finally, Wells Fargo & Company increased their target price on GE Aerospace from $34.00 to $38.00 in a report on Wednesday, July 23rd. Ten research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $232.92.

GE Aerospace Trading Down 1.2%

Shares of GE Aerospace stock opened at $275.80 on Tuesday. GE Aerospace has a fifty-two week low of $159.36 and a fifty-two week high of $284.41. The firm has a market cap of $292.47 billion, a PE ratio of 38.47, a P/E/G ratio of 3.00 and a beta of 1.48. The business's fifty day moving average is $266.62 and its two-hundred day moving average is $231.90. 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 issued its quarterly earnings results on Thursday, July 17th. The company reported $1.66 earnings per share for the quarter, topping analysts' consensus estimates of $1.43 by $0.23. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%.The company had revenue of $10.15 billion for the quarter, compared to analyst estimates of $9.49 billion. During the same quarter in the prior year, the company posted $1.20 EPS. The business's revenue for the quarter was up 21.2% compared to the same quarter last year. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. Analysts anticipate that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Monday, July 7th were paid 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 of this dividend was Monday, July 7th. 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.

Want to see what other hedge funds are holding GE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for GE Aerospace (NYSE:GE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.