Mission Creek Capital Partners Inc. Grows Position in GE Aerospace (NYSE:GE)

Mission Creek Capital Partners Inc. raised its stake in shares of GE Aerospace (NYSE:GE - Free Report) by 323.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,597 shares of the company's stock after purchasing an additional 14,204 shares during the quarter. Mission Creek Capital Partners Inc.'s holdings in GE Aerospace were worth $3,102,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. New Age Alpha Advisors LLC lifted its stake in GE Aerospace by 133.3% during the 4th quarter. New Age Alpha Advisors LLC now owns 147 shares of the company's stock valued at $25,000 after acquiring an additional 84 shares during the period. Hager Investment Management Services LLC purchased a new stake in GE Aerospace in the fourth quarter valued at $27,000. Sumitomo Mitsui Financial Group Inc. acquired a new stake in GE Aerospace during the 4th quarter worth about $28,000. Sugar Maple Asset Management LLC purchased a new position in shares of GE Aerospace during the 4th quarter valued at about $29,000. Finally, CBIZ Investment Advisory Services LLC acquired a new position in shares of GE Aerospace in the 4th quarter valued at about $29,000. Hedge funds and other institutional investors own 74.77% of the company's stock.

GE Aerospace Stock Performance

NYSE GE opened at $198.55 on Friday. 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 stock's 50 day simple moving average is $194.36 and its 200-day simple moving average is $186.67. The company has a market cap of $213.10 billion, a PE ratio of 33.15, 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.

GE Aerospace (NYSE:GE - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The company reported $1.49 earnings per share 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 for the quarter, compared to analyst estimates of $9.06 billion. As a group, equities research analysts anticipate that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Monday, March 10th were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 0.73%. This is a positive change from GE Aerospace's previous quarterly dividend of $0.28. The ex-dividend date was Monday, March 10th. GE Aerospace's dividend payout ratio (DPR) is 22.40%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on GE shares. Citigroup reduced their price target on GE Aerospace from $235.00 to $227.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Northcoast Research raised shares of GE Aerospace from a "neutral" rating to a "buy" rating and set a $205.00 target price for the company in a report on Wednesday, April 9th. Wells Fargo & Company increased their price target on shares of GE Aerospace from $212.00 to $222.00 and gave the stock an "overweight" rating in a report on Thursday. JPMorgan Chase & Co. raised their price target on shares of GE Aerospace from $190.00 to $210.00 and gave the company an "overweight" rating in a research report on Friday, January 24th. Finally, Redburn Atlantic started coverage on shares of GE Aerospace in a research report on Tuesday, February 18th. They issued a "buy" rating and a $250.00 price objective for the company. One analyst has rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, GE Aerospace has a consensus rating of "Moderate Buy" and an average target price of $216.92.

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.

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