Generali Investments CEE investicni spolecnost a.s. Has $4.94 Million Stake in GE Aerospace $GE

Generali Investments CEE investicni spolecnost a.s. trimmed its stake in GE Aerospace (NYSE:GE) by 6.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,204 shares of the company’s stock after selling 1,375 shares during the period. Generali Investments CEE investicni spolecnost a.s.’s holdings in GE Aerospace were worth $4,943,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Cooper Financial Group lifted its holdings in shares of GE Aerospace by 48.1% during the 2nd quarter. Cooper Financial Group now owns 3,980 shares of the company’s stock worth $1,024,000 after acquiring an additional 1,292 shares during the period. Union Bancaire Privee UBP SA lifted its holdings in shares of GE Aerospace by 208.2% during the 2nd quarter. Union Bancaire Privee UBP SA now owns 53,995 shares of the company’s stock worth $13,898,000 after acquiring an additional 36,473 shares during the period. Hansen & Associates Financial Group Inc. bought a new position in shares of GE Aerospace during the 2nd quarter worth about $1,674,000. Chicago Capital LLC lifted its holdings 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 during the period. Finally, One Wealth Advisors LLC bought a new position in shares of GE Aerospace during the 2nd quarter worth about $228,000. 74.77% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

GE has been the subject of a number of analyst reports. Jefferies Financial Group raised their price objective on shares of GE Aerospace from $320.00 to $350.00 and gave the stock a “buy” rating in a report on Monday, September 22nd. UBS Group raised their price objective on shares of GE Aerospace from $300.00 to $321.00 and gave the stock a “buy” rating in a report on Friday, July 18th. Citigroup reissued 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. Barclays lifted their price target on shares of GE Aerospace from $230.00 to $295.00 and gave the company an “overweight” rating in a report on Wednesday, July 23rd. Finally, Royal Bank Of Canada lifted their price target on shares of GE Aerospace from $275.00 to $300.00 and gave the company an “outperform” rating in a report on Friday, July 18th. Eleven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $241.92.

GE Aerospace Trading Up 2.6%

Shares of GE stock opened at $301.18 on Wednesday. GE Aerospace has a 12-month low of $159.36 and a 12-month high of $307.25. The company has a market capitalization of $319.38 billion, a P/E ratio of 42.01, a P/E/G ratio of 3.16 and a beta of 1.48. The firm has a 50-day moving average price of $278.71 and a 200 day moving average price of $242.20. The company has a quick ratio of 0.73, a current ratio of 1.04 and a debt-to-equity ratio of 0.88.

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

GE Aerospace Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Shareholders 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 payout ratio is currently 20.08%.

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.