GE Aerospace $GE Shares Sold by Danica Pension Livsforsikringsaktieselskab

Danica Pension Livsforsikringsaktieselskab reduced its stake in GE Aerospace (NYSE:GE) by 66.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 65,377 shares of the company’s stock after selling 126,780 shares during the period. Danica Pension Livsforsikringsaktieselskab’s holdings in GE Aerospace were worth $18,552,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in GE Aerospace by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 92,731,541 shares of the company’s stock worth $28,564,097,000 after acquiring an additional 699,364 shares in the last quarter. Auto Owners Insurance Co lifted its position in GE Aerospace by 52,247.5% in the fourth quarter. Auto Owners Insurance Co now owns 65,721,281 shares of the company’s stock valued at $2,024,413,000 after acquiring an additional 65,595,733 shares during the last quarter. State Street Corp boosted its stake in GE Aerospace by 1.5% in the fourth quarter. State Street Corp now owns 45,240,802 shares of the company’s stock valued at $13,951,570,000 after acquiring an additional 663,160 shares in the last quarter. Geode Capital Management LLC boosted its stake in GE Aerospace by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 24,774,942 shares of the company’s stock valued at $7,615,200,000 after acquiring an additional 312,880 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of GE Aerospace during the fourth quarter worth about $4,444,736,000. Institutional investors and hedge funds own 74.77% of the company’s stock.

GE Aerospace Trading Down 0.3%

NYSE GE opened at $340.44 on Wednesday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.67 and a current ratio of 0.98. The firm has a market cap of $353.23 billion, a PE ratio of 40.10, a P/E/G ratio of 2.62 and a beta of 1.35. GE Aerospace has a one year low of $254.66 and a one year high of $382.97. The firm’s fifty day moving average is $337.98 and its two-hundred day moving average is $319.00.

GE Aerospace (NYSE:GE) last announced its earnings results on Thursday, July 16th. The company reported $2.02 earnings per share for the quarter, topping the consensus estimate of $1.86 by $0.16. The business had revenue of $12.63 billion during the quarter, compared to the consensus estimate of $11.87 billion. GE Aerospace had a net margin of 17.72% and a return on equity of 40.56%. The business’s quarterly revenue was up 21.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.66 earnings per share. GE Aerospace has set its FY 2026 guidance at 7.650-7.850 EPS. Analysts expect that GE Aerospace will post 7.89 earnings per share for the current year.

GE Aerospace Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 27th. Stockholders of record on Monday, July 6th will be issued a $0.47 dividend. The ex-dividend date of this dividend is Monday, July 6th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 0.6%. GE Aerospace’s payout ratio is presently 22.14%.

GE Aerospace News Summary

Here are the key news stories impacting GE Aerospace this week:

• Positive Sentiment: GE Aerospace announced that AerCap selected its GEnx-1B engines to power 15 additional Boeing 787 Dreamliners, another order that adds to the company’s commercial engine backlog and signals continued airline/leasing demand. Article Title
• Positive Sentiment: The company also drew attention for its world’s first high-altitude hybrid-electric flight above 30,000 feet with NASA, Boeing, and BETA Technologies, which investors are reading as a major technology milestone for next-generation aviation. Article Title
• Positive Sentiment: JPMorgan raised its price target on GE Aerospace to $400 and kept an overweight rating, reflecting confidence in the company’s earnings power and growth outlook. Article Title
• Positive Sentiment: Additional commentary from Jim Cramer and other media coverage highlighted GE Aerospace as a blue-chip industrial name to own instead of speculative tech, adding to the stock’s positive sentiment. Article Title
• Neutral Sentiment: Coverage around GE Aerospace’s CEO and the Farnborough Air Show emphasized the company’s $210 billion backlog, strong Q2 results, and ongoing share buybacks, which support the long-term case but were largely reiterations of already known fundamentals. Article Title
• Negative Sentiment: Some reports noted ongoing supply-chain and parts-delivery bottlenecks in the aerospace industry, which could limit how quickly GE Aerospace converts strong demand into revenue growth. Article Title

Wall Street Analysts Forecast Growth

GE has been the topic of a number of research analyst reports. UBS Group lifted their target price on GE Aerospace from $426.00 to $435.00 and gave the stock a “buy” rating in a research report on Friday, July 17th. Royal Bank Of Canada reissued an “outperform” rating and issued a $400.00 target price (up from $355.00) on shares of GE Aerospace in a research report on Wednesday, July 15th. Weiss Ratings upgraded GE Aerospace from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday. JPMorgan Chase & Co. lifted their price target on GE Aerospace from $335.00 to $400.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, Morgan Stanley cut their price target on GE Aerospace from $425.00 to $400.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 22nd. Seventeen analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $380.89.

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.