GE Aerospace (NYSE:GE) is Meritage Group LP's 10th Largest Position

Meritage Group LP lessened its position in shares of GE Aerospace (NYSE:GE - Free Report) by 28.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,231,708 shares of the company's stock after selling 498,134 shares during the period. GE Aerospace makes up about 4.9% of Meritage Group LP's portfolio, making the stock its 10th largest holding. Meritage Group LP owned approximately 0.11% of GE Aerospace worth $205,437,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in GE. Norges Bank acquired a new stake in GE Aerospace in the fourth quarter valued at approximately $2,375,439,000. Invesco Ltd. increased its holdings in 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 purchasing an additional 1,204,910 shares in the last quarter. Raymond James Financial Inc. bought a new position in GE Aerospace in the fourth quarter valued at about $194,208,000. Franklin Resources Inc. boosted its stake in shares of GE Aerospace by 206.5% during the third quarter. Franklin Resources Inc. now owns 1,444,466 shares of the company's stock valued at $278,247,000 after purchasing an additional 973,135 shares in the last quarter. Finally, FMR LLC grew its holdings in shares of GE Aerospace by 1.5% during the fourth quarter. FMR LLC now owns 66,823,968 shares of the company's stock worth $11,145,570,000 after purchasing an additional 965,012 shares during the last quarter. Institutional investors and hedge funds own 74.77% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on GE. Bank of America raised their price objective on shares of GE Aerospace from $200.00 to $225.00 and gave the company a "buy" rating in a report on Monday, January 27th. Wells Fargo & Company boosted their price objective on shares of GE Aerospace from $212.00 to $222.00 and gave the stock an "overweight" rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft reduced their price target on GE Aerospace from $235.00 to $228.00 and set a "buy" rating on the stock in a research report on Thursday, January 2nd. Redburn Atlantic began coverage on GE Aerospace in a report on Tuesday, February 18th. They issued a "buy" rating and a $250.00 target price on the stock. Finally, UBS Group upped their price objective on shares of GE Aerospace from $207.00 to $216.00 and gave the company a "buy" rating in a research note on Wednesday. One equities research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $214.07.

GE Aerospace Stock Performance

GE traded up $3.15 during trading on Thursday, hitting $196.83. 3,007,666 shares of the company traded hands, compared to its average volume of 5,414,875. GE Aerospace has a one year low of $150.20 and a one year high of $214.21. The stock's fifty day moving average is $194.82 and its 200 day moving average is $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. The firm has a market cap of $211.26 billion, a P/E ratio of 32.84, a price-to-earnings-growth ratio of 2.59 and a beta of 1.04.

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

GE Aerospace Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, March 10th will be given a $0.36 dividend. 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 dividend yield of 0.73%. The ex-dividend date is Monday, March 10th. GE Aerospace's dividend payout ratio (DPR) is 24.04%.

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.