GE Aerospace (NYSE:GE) Shares Acquired by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company lifted its stake in shares of GE Aerospace (NYSE:GE - Free Report) by 1.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 890,690 shares of the company's stock after purchasing an additional 13,673 shares during the quarter. The Manufacturers Life Insurance Company owned 0.08% of GE Aerospace worth $148,558,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Johnson & White Wealth Management LLC bought a new stake in GE Aerospace in the fourth quarter valued at $733,000. Chung Wu Investment Group LLC bought a new stake in GE Aerospace in the fourth quarter valued at $795,000. National Bank of Canada FI boosted its holdings in GE Aerospace by 2.9% in the fourth quarter. National Bank of Canada FI now owns 1,064,417 shares of the company's stock valued at $177,535,000 after acquiring an additional 29,844 shares in the last quarter. World Investment Advisors LLC boosted its holdings in shares of GE Aerospace by 60.7% during the 3rd quarter. World Investment Advisors LLC now owns 13,662 shares of the company's stock valued at $2,576,000 after buying an additional 5,162 shares in the last quarter. Finally, National Pension Service boosted its holdings in shares of GE Aerospace by 1.7% during the 4th quarter. National Pension Service now owns 2,254,637 shares of the company's stock valued at $376,051,000 after buying an additional 37,884 shares in the last quarter. 74.77% of the stock is currently owned by institutional investors.

GE Aerospace Price Performance

GE stock traded up $2.18 during mid-day trading on Thursday, hitting $203.72. The company had a trading volume of 4,682,612 shares, compared to its average volume of 5,372,626. The company has a market capitalization of $217.24 billion, a price-to-earnings ratio of 34.01, a P/E/G ratio of 2.59 and a beta of 1.04. GE Aerospace has a 12-month low of $150.20 and a 12-month high of $214.21. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.88. The company has a 50-day moving average price of $194.04 and a 200 day moving average price of $186.92.

GE Aerospace (NYSE:GE - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The company reported $1.49 earnings per share for the quarter, beating analysts' consensus estimates of $1.29 by $0.20. The business had revenue of $9.94 billion during the quarter, compared to analyst estimates of $9.06 billion. GE Aerospace had a return on equity of 22.19% and a net margin of 14.31%. On average, research analysts anticipate that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Monday, March 10th were issued a $0.36 dividend. This is a boost from GE Aerospace's previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Monday, March 10th. This represents a $1.44 dividend on an annualized basis and a yield of 0.71%. GE Aerospace's dividend payout ratio is presently 22.40%.

Analyst Ratings Changes

A number of analysts have recently commented on GE shares. Wells Fargo & Company boosted their target price on shares of GE Aerospace from $212.00 to $222.00 and gave the company an "overweight" rating in a report on Thursday, April 24th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of GE Aerospace from $235.00 to $228.00 and set a "buy" rating on the stock in a report on Thursday, January 2nd. JPMorgan Chase & Co. lifted their price target on GE Aerospace from $190.00 to $210.00 and gave the stock an "overweight" rating in a research report on Friday, January 24th. Citigroup lowered their price target on GE Aerospace from $235.00 to $227.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Finally, Redburn Atlantic started coverage on GE Aerospace in a research report on Tuesday, February 18th. They issued a "buy" rating and a $250.00 price target for the company. One analyst has rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $216.92.

Insiders Place Their Bets

In other GE Aerospace news, VP Robert M. Giglietti sold 4,104 shares of the business's stock in a transaction dated Thursday, April 24th. The shares were sold at an average price of $196.73, for a total transaction of $807,379.92. Following the sale, the vice president now directly owns 11,540 shares in the company, valued at $2,270,264.20. This represents a 26.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Mohamed Ali sold 1,602 shares of the company's stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $200.67, for a total transaction of $321,473.34. Following the completion of the transaction, the senior vice president now owns 8,805 shares of the company's stock, valued at approximately $1,766,899.35. The trade was a 15.39 % decrease in their position. The disclosure for this sale can be found here. 0.21% of the stock is currently owned by corporate insiders.

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.