GE Aerospace $GE Shares Bought by CMG Global Holdings LLC

CMG Global Holdings LLC increased its holdings in GE Aerospace (NYSE:GE) by 8.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,095 shares of the company’s stock after purchasing an additional 1,598 shares during the quarter. GE Aerospace accounts for 3.0% of CMG Global Holdings LLC’s holdings, making the stock its 11th biggest position. CMG Global Holdings LLC’s holdings in GE Aerospace were worth $6,031,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in GE. CRA Financial Services LLC increased its holdings in shares of GE Aerospace by 15.7% in the third quarter. CRA Financial Services LLC now owns 2,391 shares of the company’s stock valued at $719,000 after buying an additional 325 shares in the last quarter. Highland Capital Management LLC boosted its stake in shares of GE Aerospace by 63.8% during the 3rd quarter. Highland Capital Management LLC now owns 24,980 shares of the company’s stock worth $7,514,000 after acquiring an additional 9,728 shares in the last quarter. MBL Wealth LLC grew its holdings in shares of GE Aerospace by 36.2% in the 3rd quarter. MBL Wealth LLC now owns 1,696 shares of the company’s stock worth $510,000 after acquiring an additional 451 shares during the last quarter. Regent Peak Wealth Advisors LLC acquired a new position in shares of GE Aerospace in the 3rd quarter worth $1,180,000. Finally, Curran Financial Partners LLC raised its position in shares of GE Aerospace by 6.8% during the third quarter. Curran Financial Partners LLC now owns 2,372 shares of the company’s stock worth $713,000 after purchasing an additional 152 shares during the period. 74.77% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, SVP Russell Stokes sold 8,000 shares of the 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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.21% of the company’s stock.

Analyst Ratings Changes

GE has been the subject of a number of recent analyst reports. Sanford C. Bernstein reiterated an “outperform” rating on shares of GE Aerospace in a research report on Monday, October 27th. Susquehanna assumed coverage on GE Aerospace in a report on Thursday, December 4th. They set a “positive” rating and a $350.00 price objective on the stock. 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 lifted their target price on shares of GE Aerospace from $320.00 to $350.00 and gave the stock a “buy” rating in a research report on Monday, September 22nd. Finally, Wall Street Zen upgraded shares of GE Aerospace from a “hold” rating to a “buy” rating in a research report on Saturday, December 13th. Sixteen investment 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’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $309.94.

GE Aerospace Trading Down 0.5%

NYSE:GE opened at $315.30 on Friday. The stock has a market cap of $332.58 billion, a PE ratio of 42.10, a price-to-earnings-growth ratio of 2.45 and a beta of 1.40. GE Aerospace has a fifty-two week low of $159.36 and a fifty-two week high of $318.06. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.08 and a quick ratio of 0.76. The stock’s 50-day moving average is $301.31 and its two-hundred day moving average is $282.14.

GE Aerospace (NYSE:GE) last posted its quarterly earnings results on Tuesday, October 21st. The company reported $1.66 EPS for the quarter, topping the consensus estimate of $1.46 by $0.20. GE Aerospace had a net margin of 18.34% and a return on equity of 34.01%. The business had revenue of $11.31 billion during the quarter, compared to analysts’ expectations of $10.29 billion. During the same period last year, the company posted $1.15 earnings per share. The firm’s quarterly revenue 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, equities research analysts forecast 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, January 26th. Stockholders of record on Monday, December 29th will be paid a $0.36 dividend. The ex-dividend date of this dividend is Monday, December 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 19.23%.

GE Aerospace Profile

GE Aerospace (NYSE: GE) is the aerospace business of General Electric, focused on the design, manufacture and support of aircraft engines, integrated propulsion systems and related aftermarket services. The company serves commercial airlines, airframers, business and general aviation operators, and defense customers, providing propulsion solutions for a broad range of aircraft types from single‑aisle airliners to widebody and military platforms.

Its product portfolio includes a family of commercial and military jet engines as well as spare parts, components and systems engineering.