Miracle Mile Advisors LLC Boosts Holdings in GE Aerospace $GE

Miracle Mile Advisors LLC raised its position in GE Aerospace (NYSE:GE) by 14.7% in the 3rd quarter, Holdings Channel.com reports. The fund owned 16,600 shares of the company’s stock after acquiring an additional 2,125 shares during the quarter. Miracle Mile Advisors LLC’s holdings in GE Aerospace were worth $4,993,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in GE. Bare Financial Services Inc boosted its position in shares of GE Aerospace by 81.1% in the 2nd quarter. Bare Financial Services Inc now owns 96 shares of the company’s stock worth $25,000 after purchasing an additional 43 shares in the last quarter. Lavaca Capital LLC raised its stake in GE Aerospace by 1,666.7% in the second quarter. Lavaca Capital LLC now owns 106 shares of the company’s stock valued at $27,000 after buying an additional 100 shares during the last quarter. IMG Wealth Management Inc. boosted its holdings in GE Aerospace by 113.5% in the second quarter. IMG Wealth Management Inc. now owns 111 shares of the company’s stock worth $29,000 after acquiring an additional 59 shares in the last quarter. Elevation Wealth Partners LLC grew its stake in shares of GE Aerospace by 122.6% during the third quarter. Elevation Wealth Partners LLC now owns 138 shares of the company’s stock worth $42,000 after acquiring an additional 76 shares during the last quarter. Finally, Nova Wealth Management Inc. acquired a new position in shares of GE Aerospace during the first quarter valued at about $29,000. 74.77% of the stock is owned by institutional investors and hedge funds.

GE Aerospace Stock Down 1.2%

GE stock opened at $308.20 on Friday. The company has a market capitalization of $325.09 billion, a P/E ratio of 41.15, a price-to-earnings-growth ratio of 2.38 and a beta of 1.40. GE Aerospace has a 12 month low of $159.36 and a 12 month high of $318.06. The firm’s fifty day simple moving average is $301.84 and its 200-day simple moving average is $284.07. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.08 and a quick ratio of 0.76.

GE Aerospace (NYSE:GE) last posted its earnings results on Tuesday, October 21st. The company reported $1.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $10.29 billion. During the same period in the previous year, the firm posted $1.15 earnings per share. The firm’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, equities research analysts forecast that GE Aerospace will post 5.4 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, January 26th. Stockholders of record on Monday, December 29th will be paid a $0.36 dividend. The ex-dividend date 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 presently 19.23%.

Insider Activity at GE Aerospace

In related news, SVP Russell Stokes sold 8,000 shares of the firm’s stock in a transaction dated 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 sale, the senior vice president directly owned 150,434 shares of the company’s stock, valued at $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 is available at this hyperlink. 0.21% of the stock is owned by insiders.

Analysts Set New Price Targets

GE has been the subject of a number of recent analyst reports. Wall Street Zen upgraded shares of GE Aerospace from a “hold” rating to a “buy” rating in a research note on Saturday, December 13th. UBS Group set a $366.00 price target on shares of GE Aerospace and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Bank of America boosted their price objective on shares of GE Aerospace from $310.00 to $365.00 and gave the company a “buy” rating in a report on Monday, October 27th. Susquehanna started coverage on GE Aerospace in a research report on Thursday, December 4th. They issued a “positive” rating and a $350.00 target price on the stock. Finally, BNP Paribas Exane assumed coverage on GE Aerospace in a research note on Tuesday, November 18th. They issued an “underperform” rating for the company. Sixteen investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $309.94.

About GE Aerospace

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.