GE Aerospace (NYSE:GE) Shares Acquired by Capital International Inc. CA

Capital International Inc. CA grew its holdings in shares of GE Aerospace (NYSE:GE - Free Report) by 10.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 459,803 shares of the company's stock after purchasing an additional 42,655 shares during the period. GE Aerospace makes up about 0.9% of Capital International Inc. CA's portfolio, making the stock its 25th biggest holding. Capital International Inc. CA's holdings in GE Aerospace were worth $76,691,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Coastline Trust Co increased its holdings in GE Aerospace by 101.8% in the 4th quarter. Coastline Trust Co now owns 11,772 shares of the company's stock worth $1,963,000 after buying an additional 5,938 shares during the period. Covalis Capital LLP acquired a new position in GE Aerospace during the fourth quarter valued at $913,000. Dimensional Fund Advisors LP grew its position in GE Aerospace by 2.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,470,557 shares of the company's stock worth $412,082,000 after purchasing an additional 63,968 shares during the period. First Trust Advisors LP raised its position in GE Aerospace by 2.1% during the fourth quarter. First Trust Advisors LP now owns 248,327 shares of the company's stock valued at $41,418,000 after acquiring an additional 5,198 shares in the last quarter. Finally, GeoWealth Management LLC lifted its holdings in GE Aerospace by 5.9% in the fourth quarter. GeoWealth Management LLC now owns 10,641 shares of the company's stock valued at $1,775,000 after acquiring an additional 593 shares during the period. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

GE has been the topic of a number of analyst reports. Northcoast Research raised shares of GE Aerospace from a "neutral" rating to a "buy" rating and set a $205.00 price objective on the stock in a research note on Wednesday, April 9th. Citigroup dropped their target price on GE Aerospace from $235.00 to $227.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Royal Bank of Canada reissued an "outperform" rating and issued a $220.00 price target on shares of GE Aerospace in a report on Wednesday. Wells Fargo & Company raised their price target on shares of GE Aerospace from $203.00 to $212.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 15th. Finally, JPMorgan Chase & Co. increased their price objective on shares of GE Aerospace from $190.00 to $210.00 and gave the company an "overweight" rating in a report on Friday, January 24th. One research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, GE Aerospace currently has a consensus rating of "Moderate Buy" and a consensus price target of $213.40.

GE Aerospace Stock Up 2.7 %

Shares of NYSE GE traded up $5.20 during mid-day trading on Wednesday, hitting $194.38. The company had a trading volume of 4,413,273 shares, compared to its average volume of 5,468,186. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81. The company has a market capitalization of $208.63 billion, a PE ratio of 32.45, a price-to-earnings-growth ratio of 2.59 and a beta of 1.04. The business's 50-day simple moving average is $195.11 and its 200 day simple moving average is $186.48. GE Aerospace has a 1-year low of $150.20 and a 1-year high of $214.21.

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

GE Aerospace Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, March 10th will be 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 is Monday, March 10th. This represents a $1.44 annualized dividend and a dividend yield of 0.74%. GE Aerospace's dividend payout ratio is presently 24.04%.

About GE Aerospace

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.