GE Aerospace (NYSE:GE) Stake Boosted by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its position in shares of GE Aerospace (NYSE:GE - Free Report) by 3.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,946,051 shares of the company's stock after buying an additional 213,234 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.65% of GE Aerospace worth $1,390,252,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC raised its stake 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 valued at $1,013,959,000 after purchasing an additional 5,044,632 shares during the period. Janus Henderson Group PLC boosted its position in GE Aerospace by 87.7% during the fourth quarter. Janus Henderson Group PLC now owns 3,581,799 shares of the company's stock valued at $597,412,000 after purchasing an additional 1,673,365 shares during the last quarter. Nuveen Asset Management LLC grew its stake in GE Aerospace by 32.1% in the fourth quarter. Nuveen Asset Management LLC now owns 3,453,651 shares of the company's stock valued at $576,034,000 after purchasing an additional 838,954 shares in the last quarter. Canada Pension Plan Investment Board increased its position in GE Aerospace by 11.5% in the 4th quarter. Canada Pension Plan Investment Board now owns 7,551,038 shares of the company's stock worth $1,259,438,000 after purchasing an additional 781,574 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of GE Aerospace by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 90,507,442 shares of the company's stock worth $18,115,065,000 after purchasing an additional 692,124 shares in the last quarter. 74.77% of the stock is currently owned by institutional investors and hedge funds.

GE Aerospace Stock Performance

NYSE GE opened at $272.35 on Thursday. The company's fifty day moving average is $254.17 and its two-hundred day moving average is $220.28. GE Aerospace has a 52-week low of $159.36 and a 52-week high of $277.00. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.04 and a quick ratio of 0.73. The firm has a market capitalization of $288.81 billion, a price-to-earnings ratio of 37.98, a P/E/G ratio of 2.93 and a beta of 1.44.

GE Aerospace (NYSE:GE - Get Free Report) last released its 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. The business had revenue of $10.15 billion for the quarter, compared to the consensus estimate of $9.49 billion. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%. The firm's revenue for the quarter was up 21.2% compared to the same quarter last year. During the same period last year, the business earned $1.20 earnings per share. Equities research analysts forecast that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts recently commented on GE shares. Wells Fargo & Company increased their price objective on GE Aerospace from $34.00 to $38.00 in a report on Wednesday, July 23rd. UBS Group lifted their price objective 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. Barclays increased their target price on shares of GE Aerospace from $230.00 to $295.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. Royal Bank Of Canada increased their price objective on GE Aerospace from $275.00 to $300.00 and gave the company an "outperform" rating in a report on Friday, July 18th. Finally, Northcoast Research cut GE Aerospace from a "buy" rating to a "neutral" rating in a research report on Monday, May 19th. One investment analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $232.92.

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.

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