MGO One Seven LLC Buys 4,787 Shares of GE Aerospace (NYSE:GE)

MGO One Seven LLC increased its holdings in shares of GE Aerospace (NYSE:GE - Free Report) by 13.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 39,632 shares of the company's stock after acquiring an additional 4,787 shares during the quarter. MGO One Seven LLC's holdings in GE Aerospace were worth $6,610,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of GE. Vanguard Group Inc. raised its stake in shares of GE Aerospace by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 89,815,318 shares of the company's stock valued at $14,980,297,000 after purchasing an additional 410,172 shares in the last quarter. FMR LLC grew its position in GE Aerospace by 1.5% in the 4th quarter. FMR LLC now owns 66,823,968 shares of the company's stock valued at $11,145,570,000 after buying an additional 965,012 shares in the last quarter. Geode Capital Management LLC increased its stake in GE Aerospace by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 23,117,418 shares of the company's stock valued at $3,846,587,000 after buying an additional 529,457 shares during the period. Norges Bank bought a new stake in shares of GE Aerospace during the 4th quarter worth about $2,375,439,000. Finally, Invesco Ltd. lifted its stake in shares of GE Aerospace by 14.4% in the 4th quarter. Invesco Ltd. now owns 9,544,757 shares of the company's stock worth $1,591,970,000 after acquiring an additional 1,204,910 shares during the period. Institutional investors own 74.77% of the company's stock.

Analysts Set New Price Targets

GE has been the topic of a number of research analyst reports. Royal Bank of Canada reiterated an "outperform" rating and set a $220.00 price objective on shares of GE Aerospace in a research note on Wednesday. Northcoast Research upgraded GE Aerospace from a "neutral" rating to a "buy" rating and set a $205.00 price target on the stock in a research report on Wednesday, April 9th. JPMorgan Chase & Co. upped their price objective on GE Aerospace from $190.00 to $210.00 and gave the company an "overweight" rating in a report on Friday, January 24th. Redburn Atlantic began coverage on GE Aerospace in a research note on Tuesday, February 18th. They set a "buy" rating and a $250.00 target price for the company. Finally, Bank of America boosted 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. One investment analyst has rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $216.92.

GE Aerospace Stock Performance

NYSE:GE traded up $1.14 during trading hours on Friday, hitting $198.55. 4,390,590 shares of the company traded hands, compared to its average volume of 5,399,809. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88. The stock 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 firm has a 50-day moving average of $194.59 and a 200 day moving average of $186.61. 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 issued its 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. 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, analysts forecast that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Increases Dividend

The firm 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 an increase from GE Aerospace's previous quarterly dividend of $0.28. This represents a $1.44 annualized dividend and a dividend yield of 0.73%. The ex-dividend date of this dividend is Monday, March 10th. GE Aerospace's payout ratio is presently 22.40%.

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.