GE Aerospace $GE Shares Sold by Meiji Yasuda Life Insurance Co

Key Points

• Meiji Yasuda Life Insurance Co has reduced its stake in GE Aerospace by 1.7%, selling 1,570 shares during the first quarter, leaving it with 90,534 shares valued at $18.12 million.
• Various hedge funds have altered their positions in GE Aerospace, with notable increases in holdings by Truvestments Capital LLC by 19.5% and First Pacific Financial by 46.0% during the same period.
• Analysts have mixed views on GE Aerospace, with UBS raising its price target to $321.00 while others downgraded ratings, resulting in a consensus rating of "Moderate Buy" and an average target price of $232.92.

Meiji Yasuda Life Insurance Co lowered its holdings in shares of GE Aerospace (NYSE:GE - Free Report) by 1.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 90,534 shares of the company's stock after selling 1,570 shares during the period. GE Aerospace comprises 0.4% of Meiji Yasuda Life Insurance Co's portfolio, making the stock its 27th largest holding. Meiji Yasuda Life Insurance Co's holdings in GE Aerospace were worth $18,120,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Putney Financial Group LLC acquired a new position in shares of GE Aerospace during the 4th quarter worth approximately $28,000. IMA Advisory Services Inc. purchased a new position in GE Aerospace during the first quarter worth $28,000. Copia Wealth Management raised its holdings in shares of GE Aerospace by 14,200.0% in the first quarter. Copia Wealth Management now owns 143 shares of the company's stock worth $29,000 after acquiring an additional 142 shares during the last quarter. Wealth Preservation Advisors LLC acquired a new position in shares of GE Aerospace in the first quarter worth $30,000. Finally, First Pacific Financial lifted its position in shares of GE Aerospace by 46.0% in the first quarter. First Pacific Financial now owns 165 shares of the company's stock valued at $33,000 after acquiring an additional 52 shares in the last quarter. 74.77% of the stock is currently owned by institutional investors and hedge funds.

GE Aerospace Trading Up 2.5%

Shares of NYSE GE traded up $6.89 during trading on Wednesday, hitting $283.13. 3,188,972 shares of the company traded hands, compared to its average volume of 4,084,558. The firm has a market capitalization of $300.25 billion, a P/E ratio of 49.15, a P/E/G ratio of 2.97 and a beta of 1.48. 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 company has a 50-day moving average price of $267.16 and a 200-day moving average price of $232.21. GE Aerospace has a 1 year low of $159.36 and a 1 year high of $284.41.

GE Aerospace (NYSE:GE - Get Free Report) last issued its earnings results on Thursday, July 17th. The company reported $1.66 earnings per share for the quarter, beating 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 firm had revenue of $10.15 billion for the quarter, compared to analysts' expectations of $9.49 billion. During the same quarter last year, the firm earned $1.20 earnings per share. The firm'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. On average, equities analysts predict 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. Stockholders of record on Monday, July 7th were issued a dividend of $0.36 per share. The ex-dividend date was Monday, July 7th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.5%. GE Aerospace's payout ratio is presently 20.08%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Sanford C. Bernstein reiterated an "outperform" rating on shares of GE Aerospace in a research report on Friday, August 15th. UBS Group raised their target price on shares of GE Aerospace from $300.00 to $321.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Royal Bank Of Canada boosted their price target on GE Aerospace from $275.00 to $300.00 and gave the company an "outperform" rating in a report on Friday, July 18th. Barclays increased their price target on GE Aerospace from $230.00 to $295.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 23rd. Finally, Wells Fargo & Company lifted their price objective on GE Aerospace from $34.00 to $38.00 in a research report on Wednesday, July 23rd. Ten analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, GE Aerospace currently has an average rating of "Moderate Buy" and an average 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.