Fayez Sarofim & Co Has $1.41 Million Stock Holdings in GE Aerospace (NYSE:GE)

Fayez Sarofim & Co boosted its holdings in GE Aerospace (NYSE:GE - Free Report) by 28.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,440 shares of the company's stock after acquiring an additional 1,875 shares during the quarter. Fayez Sarofim & Co's holdings in GE Aerospace were worth $1,408,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. New Age Alpha Advisors LLC increased its position in shares of GE Aerospace by 133.3% during the 4th quarter. New Age Alpha Advisors LLC now owns 147 shares of the company's stock worth $25,000 after purchasing an additional 84 shares in the last quarter. Hager Investment Management Services LLC bought a new stake in GE Aerospace during the fourth quarter worth about $27,000. Sumitomo Mitsui Financial Group Inc. acquired a new stake in shares of GE Aerospace during the fourth quarter worth approximately $28,000. Sugar Maple Asset Management LLC acquired a new stake in shares of GE Aerospace during the fourth quarter worth approximately $29,000. Finally, CBIZ Investment Advisory Services LLC bought a new position in shares of GE Aerospace in the fourth quarter valued at approximately $29,000. Institutional investors and hedge funds own 74.77% of the company's stock.

Wall Street Analyst Weigh In

GE has been the topic of a number of research analyst reports. JPMorgan Chase & Co. increased 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. Bank of America upped their price target on shares of GE Aerospace from $200.00 to $225.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Royal Bank of Canada restated an "outperform" rating and issued a $220.00 price objective on shares of GE Aerospace in a research report on Wednesday. Deutsche Bank Aktiengesellschaft reduced their target price on shares of GE Aerospace from $235.00 to $228.00 and set a "buy" rating on the stock in a research report on Thursday, January 2nd. Finally, Citigroup lowered their price target on shares of GE Aerospace from $235.00 to $227.00 and set a "buy" rating for the company in a report on Thursday, April 10th. One research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $216.92.

GE Aerospace Trading Up 0.6 %

Shares of GE Aerospace stock traded up $1.14 during trading on Friday, reaching $198.55. 4,390,564 shares of the company were exchanged, compared to its average volume of 5,401,832. The business has a 50-day moving average price of $194.59 and a 200-day moving average price of $186.61. The firm has a market capitalization of $213.10 billion, a price-to-earnings ratio of 33.15, a P/E/G ratio of 2.59 and a beta of 1.04. 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 has a twelve month low of $150.20 and a twelve month high of $214.21.

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

GE Aerospace Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, March 10th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.73%. This is a boost from GE Aerospace's previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Monday, March 10th. GE Aerospace's dividend payout ratio (DPR) is currently 22.40%.

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.