China Universal Asset Management Co. Ltd. Sells 2,375 Shares of GE Aerospace $GE

China Universal Asset Management Co. Ltd. reduced its stake in GE Aerospace (NYSE:GE) by 39.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,640 shares of the company’s stock after selling 2,375 shares during the quarter. China Universal Asset Management Co. Ltd.’s holdings in GE Aerospace were worth $937,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Bare Financial Services Inc boosted its holdings in GE Aerospace by 81.1% during the second quarter. Bare Financial Services Inc now owns 96 shares of the company’s stock worth $25,000 after purchasing an additional 43 shares during the last quarter. Lavaca Capital LLC lifted its position in shares of GE Aerospace by 1,666.7% during the 2nd quarter. Lavaca Capital LLC now owns 106 shares of the company’s stock worth $27,000 after buying an additional 100 shares in the last quarter. Nova Wealth Management Inc. purchased a new position in shares of GE Aerospace in the 1st quarter worth approximately $29,000. IMG Wealth Management Inc. grew its holdings in shares of GE Aerospace by 113.5% in the second quarter. IMG Wealth Management Inc. now owns 111 shares of the company’s stock valued at $29,000 after acquiring an additional 59 shares in the last quarter. Finally, Wealth Preservation Advisors LLC purchased a new stake in shares of GE Aerospace during the first quarter valued at approximately $30,000. 74.77% of the stock is owned by hedge funds and other institutional investors.

GE Aerospace Stock Up 4.1%

GE Aerospace stock opened at $300.23 on Monday. The firm has a 50 day simple moving average of $299.55 and a 200 day simple moving average of $278.48. The company has a current ratio of 1.08, a quick ratio of 0.76 and a debt-to-equity ratio of 0.99. GE Aerospace has a 1-year low of $159.36 and a 1-year high of $316.67. The firm has a market capitalization of $316.69 billion, a price-to-earnings ratio of 40.08, a P/E/G ratio of 2.31 and a beta of 1.40.

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

GE Aerospace Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, January 26th. Stockholders of record on Monday, December 29th will be given a dividend of $0.36 per share. The ex-dividend date is Monday, December 29th. This represents a $1.44 annualized dividend and a dividend yield of 0.5%. GE Aerospace’s dividend payout ratio is currently 19.23%.

Insider Activity

In other news, SVP Russell Stokes sold 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $297.71, for a total value of $2,381,680.00. Following the completion of the transaction, the senior vice president directly owned 150,434 shares in the company, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.21% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on GE shares. Sanford C. Bernstein reissued an “outperform” rating on shares of GE Aerospace in a research report on Monday, October 27th. BNP Paribas upgraded shares of GE Aerospace to a “strong sell” rating in a report on Tuesday, November 18th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of GE Aerospace in a research report on Wednesday, October 8th. Wall Street Zen upgraded shares of GE Aerospace from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, BNP Paribas Exane started coverage on shares of GE Aerospace in a research note on Tuesday, November 18th. They set an “underperform” rating for the company. Sixteen analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $309.94.

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.