Union Bancaire Privee UBP SA Has $17.24 Million Position in GE Aerospace $GE

Union Bancaire Privee UBP SA boosted its holdings in shares of GE Aerospace (NYSE:GE) by 6.1% in the third quarter, Holdings Channel.com reports. The fund owned 57,297 shares of the company’s stock after buying an additional 3,302 shares during the quarter. Union Bancaire Privee UBP SA’s holdings in GE Aerospace were worth $17,236,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in GE. Vanguard Group Inc. grew its stake in shares of GE Aerospace by 1.6% during the second quarter. Vanguard Group Inc. now owns 91,989,511 shares of the company’s stock worth $23,677,180,000 after purchasing an additional 1,482,069 shares during the period. State Street Corp boosted its holdings in GE Aerospace by 1.4% during the second quarter. State Street Corp now owns 44,268,912 shares of the company’s stock worth $11,394,375,000 after buying an additional 613,866 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in GE Aerospace by 6.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 25,131,285 shares of the company’s stock worth $5,030,028,000 after buying an additional 1,492,486 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of GE Aerospace by 3.1% in the 2nd quarter. Geode Capital Management LLC now owns 24,113,967 shares of the company’s stock valued at $6,181,956,000 after acquiring an additional 724,559 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of GE Aerospace in the 2nd quarter valued at approximately $3,408,828,000. Institutional investors own 74.77% of the company’s stock.

Insider Buying and Selling

In other news, SVP Russell Stokes sold 8,000 shares of GE Aerospace stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $297.71, for a total transaction of $2,381,680.00. Following the completion of the sale, the senior vice president owned 150,434 shares of the company’s stock, valued at approximately $44,785,706.14. This trade represents a 5.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.21% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

GE has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $350.00 target price on shares of GE Aerospace in a report on Wednesday, October 8th. Jefferies Financial Group upped their price objective on shares of GE Aerospace from $320.00 to $350.00 and gave the company a “buy” rating in a research report on Monday, September 22nd. BNP Paribas Exane initiated coverage on GE Aerospace in a report on Tuesday, November 18th. They set an “underperform” rating on the stock. Royal Bank Of Canada boosted their target price on GE Aerospace from $300.00 to $340.00 and gave the company an “outperform” rating in a research note on Friday, October 17th. Finally, Wall Street Zen upgraded GE Aerospace from a “hold” rating to a “buy” rating in a report on Saturday. Sixteen equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $309.94.

GE Aerospace Price Performance

NYSE:GE opened at $299.22 on Wednesday. The stock’s 50-day simple moving average is $299.56 and its 200 day simple moving average is $279.26. GE Aerospace has a 52-week low of $159.36 and a 52-week high of $316.67. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.76 and a current ratio of 1.08. The company has a market cap of $315.62 billion, a P/E ratio of 39.95, a P/E/G ratio of 2.32 and a beta of 1.40.

GE Aerospace (NYSE:GE) last announced its quarterly earnings results on Tuesday, October 21st. The company reported $1.66 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.20. GE Aerospace had a net margin of 18.34% and a return on equity of 34.01%. The firm had revenue of $11.31 billion during the quarter, compared to analysts’ expectations of $10.29 billion. During the same quarter last year, the company posted $1.15 earnings per share. The company’s revenue for the quarter was up 26.4% compared to the same quarter last year. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. As a group, sell-side analysts forecast that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 26th. Shareholders of record on Monday, December 29th will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Monday, December 29th. GE Aerospace’s dividend payout ratio is currently 19.23%.

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.