Mitsubishi UFJ Asset Management UK Ltd. Has $1.03 Million Stock Holdings in GE Aerospace $GE

Mitsubishi UFJ Asset Management UK Ltd. trimmed its position in shares of GE Aerospace (NYSE:GE) by 55.6% in the 2nd quarter, Holdings Channel.com reports. The fund owned 4,000 shares of the company’s stock after selling 5,000 shares during the quarter. Mitsubishi UFJ Asset Management UK Ltd.’s holdings in GE Aerospace were worth $1,030,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cooper Financial Group boosted its holdings in GE Aerospace by 48.1% in the second quarter. Cooper Financial Group now owns 3,980 shares of the company’s stock worth $1,024,000 after purchasing an additional 1,292 shares in the last quarter. Union Bancaire Privee UBP SA lifted its position in shares of GE Aerospace by 208.2% in the second quarter. Union Bancaire Privee UBP SA now owns 53,995 shares of the company’s stock worth $13,898,000 after buying an additional 36,473 shares during the last quarter. Hansen & Associates Financial Group Inc. bought a new stake in shares of GE Aerospace during the 2nd quarter worth about $1,674,000. Chicago Capital LLC boosted its stake in shares of GE Aerospace by 3.8% during the 2nd quarter. Chicago Capital LLC now owns 19,101 shares of the company’s stock worth $4,917,000 after acquiring an additional 700 shares in the last quarter. Finally, One Wealth Advisors LLC acquired a new position in shares of GE Aerospace during the 2nd quarter valued at about $228,000. Hedge funds and other institutional investors own 74.77% of the company’s stock.

GE Aerospace Stock Up 2.6%

Shares of NYSE:GE opened at $301.18 on Wednesday. The company’s fifty day moving average is $278.71 and its 200-day moving average is $242.20. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.73 and a current ratio of 1.04. GE Aerospace has a 52 week low of $159.36 and a 52 week high of $307.25. The company has a market capitalization of $319.38 billion, a PE ratio of 42.01, a P/E/G ratio of 3.16 and a beta of 1.48.

GE Aerospace (NYSE:GE) last announced its earnings results on Thursday, July 17th. The company reported $1.66 EPS for the quarter, topping the consensus estimate of $1.43 by $0.23. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%.The business had revenue of $10.15 billion for the quarter, compared to the consensus estimate of $9.49 billion. During the same period in the previous year, the business earned $1.20 EPS. GE Aerospace’s revenue was up 21.2% compared to the same quarter last year. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. Equities research analysts predict that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Monday, September 29th will be paid a $0.36 dividend. The ex-dividend date of this dividend is Monday, September 29th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.5%. GE Aerospace’s dividend payout ratio is 20.08%.

Wall Street Analyst Weigh In

Several brokerages have commented on GE. Royal Bank Of Canada increased their price target on GE Aerospace from $275.00 to $300.00 and gave the company an “outperform” rating in a report on Friday, July 18th. Citigroup restated a “buy” rating and set a $296.00 price target (up from $227.00) on shares of GE Aerospace in a report on Monday, July 14th. Jefferies Financial Group lifted their price objective on GE Aerospace from $320.00 to $350.00 and gave the stock a “buy” rating in a research note on Monday, September 22nd. Zacks Research downgraded GE Aerospace from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 26th. Finally, Barclays lifted their price target on GE Aerospace from $230.00 to $295.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 23rd. Eleven analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, GE Aerospace has an average rating of “Moderate Buy” and a consensus price target of $241.92.

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.