6,267 Shares in GE Aerospace (NYSE:GE) Purchased by Mirabella Financial Services LLP

Mirabella Financial Services LLP bought a new stake in shares of GE Aerospace (NYSE:GE - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 6,267 shares of the company's stock, valued at approximately $1,045,000.

Other large investors have also recently made changes to their positions in the company. MML Investors Services LLC raised its holdings in GE Aerospace by 12.5% in the fourth quarter. MML Investors Services LLC now owns 146,299 shares of the company's stock worth $24,401,000 after buying an additional 16,298 shares during the last quarter. Natixis boosted its stake in GE Aerospace by 63.2% during the 4th quarter. Natixis now owns 12,052 shares of the company's stock valued at $2,010,000 after purchasing an additional 4,669 shares during the last quarter. MetLife Investment Management LLC boosted its stake in GE Aerospace by 1.3% during the 4th quarter. MetLife Investment Management LLC now owns 296,564 shares of the company's stock valued at $49,464,000 after purchasing an additional 3,877 shares during the last quarter. Norinchukin Bank The increased its holdings in shares of GE Aerospace by 10.9% in the 4th quarter. Norinchukin Bank The now owns 50,536 shares of the company's stock worth $8,429,000 after purchasing an additional 4,953 shares in the last quarter. Finally, Ossiam lifted its holdings in shares of GE Aerospace by 27.9% during the fourth quarter. Ossiam now owns 14,850 shares of the company's stock valued at $2,477,000 after purchasing an additional 3,241 shares in the last quarter. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

GE Aerospace Price Performance

NYSE:GE traded up $3.72 during trading hours on Thursday, hitting $197.40. 5,902,878 shares of the stock traded hands, compared to its average volume of 5,425,822. The company has a market cap of $211.87 billion, a price-to-earnings ratio of 32.95, a price-to-earnings-growth ratio of 2.59 and a beta of 1.04. GE Aerospace has a 1 year low of $150.20 and a 1 year high of $214.21. The stock has a 50 day moving average price of $194.82 and a 200 day moving average price of $186.53. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.88.

GE Aerospace (NYSE:GE - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.29 by $0.20. GE Aerospace had a return on equity of 22.19% and a net margin of 14.31%. The business had revenue of $9.94 billion for the quarter, compared to the consensus estimate of $9.06 billion. Sell-side analysts forecast that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, March 10th will be issued a dividend of $0.36 per share. This is a positive change from GE Aerospace's previous quarterly dividend of $0.28. This represents a $1.44 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date is Monday, March 10th. GE Aerospace's dividend payout ratio (DPR) is 24.04%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on GE. JPMorgan Chase & Co. lifted their price objective on GE Aerospace from $190.00 to $210.00 and gave the stock an "overweight" rating in a report on Friday, January 24th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of GE Aerospace from $235.00 to $228.00 and set a "buy" rating for the company in a report on Thursday, January 2nd. Redburn Atlantic assumed coverage on shares of GE Aerospace in a report on Tuesday, February 18th. They issued a "buy" rating and a $250.00 target price on the stock. Citigroup decreased their target price on shares of GE Aerospace from $235.00 to $227.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Finally, UBS Group raised their price target on GE Aerospace from $207.00 to $216.00 and gave the stock a "buy" rating in a research note on Wednesday. One research analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, GE Aerospace presently has an average rating of "Moderate Buy" and an average target price of $214.07.

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.