Carmignac Gestion Sells 109,600 Shares of GE Aerospace $GE

Key Points

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Carmignac Gestion decreased its stake in shares of GE Aerospace (NYSE:GE - Free Report) by 23.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 359,325 shares of the company's stock after selling 109,600 shares during the period. GE Aerospace makes up 1.2% of Carmignac Gestion's investment portfolio, making the stock its 26th largest holding. Carmignac Gestion's holdings in GE Aerospace were worth $71,919,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently modified their holdings of the stock. Sumitomo Mitsui Financial Group Inc. boosted its stake in shares of GE Aerospace by 41,221.8% during the 1st quarter. Sumitomo Mitsui Financial Group Inc. now owns 68,181 shares of the company's stock valued at $13,646,000 after purchasing an additional 68,016 shares in the last quarter. Legacy Financial Advisors Inc. boosted its stake in shares of GE Aerospace by 4.2% during the 1st quarter. Legacy Financial Advisors Inc. now owns 7,088 shares of the company's stock valued at $1,419,000 after purchasing an additional 283 shares in the last quarter. HC Advisors LLC bought a new stake in shares of GE Aerospace during the 1st quarter valued at about $345,000. Korea Investment CORP boosted its stake in shares of GE Aerospace by 2.3% during the 1st quarter. Korea Investment CORP now owns 829,412 shares of the company's stock valued at $166,007,000 after purchasing an additional 18,421 shares in the last quarter. Finally, Qtron Investments LLC boosted its stake in shares of GE Aerospace by 25.8% during the 1st quarter. Qtron Investments LLC now owns 15,933 shares of the company's stock valued at $3,189,000 after purchasing an additional 3,264 shares in the last quarter. Institutional investors own 74.77% of the company's stock.

GE Aerospace Stock Down 0.7%

GE Aerospace stock traded down $1.9420 during trading hours on Friday, hitting $266.7680. The stock had a trading volume of 4,436,451 shares, compared to its average volume of 5,996,410. 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 capitalization of $282.89 billion, a P/E ratio of 37.21, a price-to-earnings-growth ratio of 2.87 and a beta of 1.44. GE Aerospace has a 12-month low of $159.36 and a 12-month high of $281.50. The stock's 50-day moving average price is $259.27 and its 200-day moving average price is $225.94.

GE Aerospace (NYSE:GE - Get Free Report) last issued its earnings results 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 business had revenue of $10.15 billion during the quarter, compared to analysts' expectations of $9.49 billion. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. The business's revenue for the quarter was up 21.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.20 earnings per share. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. Equities research analysts anticipate that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 25th. Investors of record on Monday, July 7th were given 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 (DPR) is 20.08%.

Analyst Upgrades and Downgrades

GE has been the topic of several research reports. Wells Fargo & Company boosted their price objective on shares of GE Aerospace from $34.00 to $38.00 in a research note on Wednesday, July 23rd. Wall Street Zen raised shares of GE Aerospace from a "hold" rating to a "buy" rating in a research note on Friday, July 18th. Barclays boosted 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. Northcoast Research lowered shares of GE Aerospace from a "buy" rating to a "neutral" rating in a research note on Monday, May 19th. Finally, Sanford C. Bernstein reissued an "outperform" rating on shares of GE Aerospace in a research note on Friday, August 15th. Ten equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price 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.