CMG Global Holdings LLC Acquires 1,598 Shares of GE Aerospace $GE

CMG Global Holdings LLC lifted its holdings in shares of GE Aerospace (NYSE:GE) by 8.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,095 shares of the company’s stock after purchasing an additional 1,598 shares during the quarter. GE Aerospace makes up about 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 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Grove Bank & Trust increased its position in GE Aerospace by 1.0% during the third quarter. Grove Bank & Trust now owns 3,537 shares of the company’s stock worth $1,064,000 after buying an additional 35 shares during the last quarter. Perkins Coie Trust Co boosted its stake in shares of GE Aerospace by 7.9% during the 3rd quarter. Perkins Coie Trust Co now owns 492 shares of the company’s stock worth $148,000 after acquiring an additional 36 shares in the last quarter. Terril Brothers Inc. increased its holdings in shares of GE Aerospace by 2.7% during the 2nd quarter. Terril Brothers Inc. now owns 1,406 shares of the company’s stock valued at $362,000 after acquiring an additional 37 shares during the last quarter. New England Capital Financial Advisors LLC raised its stake in shares of GE Aerospace by 5.0% in the 2nd quarter. New England Capital Financial Advisors LLC now owns 772 shares of the company’s stock valued at $199,000 after acquiring an additional 37 shares in the last quarter. Finally, First Financial Bank Trust Division raised its stake in shares of GE Aerospace by 0.7% in the 3rd quarter. First Financial Bank Trust Division now owns 5,176 shares of the company’s stock valued at $1,557,000 after acquiring an additional 37 shares in the last quarter. Institutional investors own 74.77% of the company’s stock.

Analyst Ratings Changes

GE has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of GE Aerospace in a research report on Wednesday, October 8th. BNP Paribas Exane initiated coverage on shares of GE Aerospace in a report on Tuesday, November 18th. They set an “underperform” rating for the company. 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. BNP Paribas raised shares of GE Aerospace to a “strong sell” rating in a research report on Tuesday, November 18th. Finally, Wall Street Zen upgraded shares of GE Aerospace from a “hold” rating to a “buy” rating in a report on Saturday, December 13th. Sixteen equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $309.94.

GE Aerospace Trading Down 0.5%

Shares of GE stock opened at $315.30 on Friday. The firm has a market capitalization of $332.58 billion, a P/E ratio of 42.10, a price-to-earnings-growth ratio of 2.45 and a beta of 1.40. GE Aerospace has a 1 year low of $159.36 and a 1 year high of $318.06. The firm’s fifty day simple moving average is $301.31 and its 200 day simple moving average is $282.14. 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 (NYSE:GE) last posted its quarterly earnings results on Tuesday, October 21st. The company reported $1.66 earnings per share (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 company had revenue of $11.31 billion for the quarter, compared to analyst estimates of $10.29 billion. During the same period last year, the business posted $1.15 EPS. The business’s quarterly revenue was up 26.4% on a year-over-year basis. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. As a group, sell-side analysts predict that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, January 26th. Investors of record on Monday, December 29th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Monday, December 29th. This represents a $1.44 dividend on an annualized basis and a yield of 0.5%. GE Aerospace’s dividend payout ratio (DPR) is 19.23%.

Insider Transactions at GE Aerospace

In other GE Aerospace news, SVP Russell Stokes sold 8,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 19th. The stock was 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 owned 150,434 shares of the company’s stock, valued at $44,785,706.14. This represents a 5.05% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.21% of the stock is owned by corporate insiders.

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.