Meeder Advisory Services Inc. Increases Position in GE Aerospace (NYSE:GE)

Meeder Advisory Services Inc. grew its stake in shares of GE Aerospace (NYSE:GE - Free Report) by 15.9% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 25,104 shares of the company's stock after acquiring an additional 3,451 shares during the period. Meeder Advisory Services Inc.'s holdings in GE Aerospace were worth $5,025,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. IMA Advisory Services Inc. bought a new stake in shares of GE Aerospace during the first quarter valued at approximately $28,000. Copia Wealth Management raised its stake in shares of GE Aerospace by 14,200.0% during the first quarter. Copia Wealth Management now owns 143 shares of the company's stock valued at $29,000 after acquiring an additional 142 shares in the last quarter. New Age Alpha Advisors LLC raised its stake in shares of GE Aerospace by 133.3% during the fourth quarter. New Age Alpha Advisors LLC now owns 147 shares of the company's stock valued at $25,000 after acquiring an additional 84 shares in the last quarter. O Brien Wealth Partners LLC bought a new stake in shares of GE Aerospace during the first quarter valued at approximately $33,000. Finally, Sumitomo Mitsui Financial Group Inc. bought a new stake in shares of GE Aerospace during the fourth quarter valued at approximately $28,000. Institutional investors own 74.77% of the company's stock.

GE Aerospace Stock Performance

Shares of GE stock opened at $270.58 on Tuesday. The business's fifty day simple moving average is $249.09 and its 200-day simple moving average is $216.28. The company has a market cap of $286.93 billion, a PE ratio of 37.74, a PEG ratio of 3.11 and a beta of 1.37. The company has a current ratio of 1.04, a quick ratio of 0.73 and a debt-to-equity ratio of 0.88. GE Aerospace has a 12-month low of $150.20 and a 12-month high of $273.44.

GE Aerospace (NYSE:GE - Get Free Report) last released its earnings results on Thursday, July 17th. The company reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.23. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%. The firm had revenue of $10.15 billion for the quarter, compared to the consensus estimate of $9.49 billion. During the same period in the prior year, the firm earned $1.20 EPS. The firm's revenue was up 21.2% on a year-over-year basis. Analysts expect that GE Aerospace will post 5.4 earnings per share for the current fiscal 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 dividend yield of 0.53%. GE Aerospace's payout ratio is 20.08%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on GE shares. Northcoast Research downgraded shares of GE Aerospace from a "buy" rating to a "neutral" rating in a research note on Monday, May 19th. Citigroup reissued a "buy" rating and issued a $296.00 price objective (up previously from $227.00) on shares of GE Aerospace in a research note on Monday, July 14th. Wall Street Zen raised shares of GE Aerospace from a "hold" rating to a "buy" rating in a research note on Friday, July 18th. Royal Bank Of Canada boosted their price objective on shares of GE Aerospace from $275.00 to $300.00 and gave the stock an "outperform" rating in a research note on Friday, July 18th. Finally, UBS Group boosted their price objective on shares of GE Aerospace from $300.00 to $321.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. One analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, GE Aerospace has a consensus rating of "Moderate Buy" and a consensus target price 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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