Mitsubishi UFJ Asset Management Co. Ltd. Has $383.40 Million Stock Holdings in GE Aerospace (NYSE:GE)

Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of GE Aerospace (NYSE:GE - Free Report) by 11.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 1,915,569 shares of the company's stock after buying an additional 196,126 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.18% of GE Aerospace worth $383,401,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Accuvest Global Advisors acquired a new position in GE Aerospace in the 1st quarter valued at $396,000. Ontario Teachers Pension Plan Board bought a new stake in shares of GE Aerospace in the first quarter valued at about $35,309,000. Charles Schwab Investment Management Inc. grew its stake in shares of GE Aerospace by 3.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 6,946,051 shares of the company's stock valued at $1,390,252,000 after acquiring an additional 213,234 shares in the last quarter. Evolution Wealth Advisors LLC acquired a new position in shares of GE Aerospace in the first quarter valued at about $206,000. Finally, Hemington Wealth Management increased its position in GE Aerospace by 10.1% during the first quarter. Hemington Wealth Management now owns 774 shares of the company's stock worth $154,000 after acquiring an additional 71 shares during the period. Institutional investors and hedge funds own 74.77% of the company's stock.

Wall Street Analysts Forecast Growth

GE has been the topic of a number of analyst reports. 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. Wall Street Zen raised GE Aerospace from a "hold" rating to a "buy" rating in a report on Friday, July 18th. UBS Group upped their target price on GE Aerospace from $300.00 to $321.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Royal Bank Of Canada raised their price target on GE Aerospace from $275.00 to $300.00 and gave the stock an "outperform" rating in a research report on Friday, July 18th. Finally, Citigroup reaffirmed a "buy" rating and set a $296.00 price objective (up previously from $227.00) on shares of GE Aerospace in a research report on Monday, July 14th. One equities research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $232.92.

GE Aerospace Price Performance

GE Aerospace stock opened at $272.35 on Thursday. The stock has a 50-day moving average price of $254.17 and a two-hundred day moving average price of $220.28. GE Aerospace has a 12 month low of $159.36 and a 12 month high of $277.00. The company has a market capitalization of $288.81 billion, a PE ratio of 37.98, a P/E/G ratio of 2.93 and a beta of 1.44. 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 (NYSE:GE - Get Free Report) last issued its quarterly earnings data on Thursday, July 17th. The company reported $1.66 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.43 by $0.23. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. The business had revenue of $10.15 billion during the quarter, compared to analyst estimates of $9.49 billion. During the same quarter last year, the business earned $1.20 EPS. The firm's quarterly revenue was up 21.2% on a year-over-year basis. Analysts expect that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Announces Dividend

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

GE Aerospace 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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