Milestone Asset Management LLC Has $855,000 Holdings in GE Aerospace $GE

Milestone Asset Management LLC decreased its position in GE Aerospace (NYSE:GE) by 84.8% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 2,840 shares of the company’s stock after selling 15,793 shares during the period. Milestone Asset Management LLC’s holdings in GE Aerospace were worth $855,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Norges Bank acquired a new stake in GE Aerospace during the second quarter worth approximately $3,408,828,000. Amundi increased its position in GE Aerospace by 124.0% in the 1st quarter. Amundi now owns 3,200,479 shares of the company’s stock valued at $600,506,000 after buying an additional 1,771,944 shares in the last quarter. Vanguard Group Inc. raised its stake in GE Aerospace by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 91,989,511 shares of the company’s stock worth $23,677,180,000 after buying an additional 1,482,069 shares during the period. Kingstone Capital Partners Texas LLC bought a new position in GE Aerospace in the second quarter worth approximately $227,998,000. Finally, Lazard Asset Management LLC grew its stake in GE Aerospace by 4,253.7% in the second quarter. Lazard Asset Management LLC now owns 796,422 shares of the company’s stock valued at $204,991,000 after acquiring an additional 778,129 shares during the period. Institutional investors own 74.77% of the company’s stock.

GE Aerospace Stock Performance

Shares of GE stock opened at $316.48 on Thursday. 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 firm has a 50-day moving average of $300.68 and a 200-day moving average of $281.45. GE Aerospace has a one year low of $159.36 and a one year high of $317.75. The company has a market cap of $333.83 billion, a P/E ratio of 42.25, a P/E/G ratio of 2.44 and a beta of 1.40.

GE Aerospace (NYSE:GE) last issued its quarterly earnings data on Tuesday, October 21st. The company reported $1.66 earnings per share (EPS) for the quarter, topping 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 business had revenue of $11.31 billion during the quarter, compared to the consensus estimate of $10.29 billion. During the same period in the prior year, the firm posted $1.15 EPS. 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. Equities research analysts forecast that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Announces Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on GE. The Goldman Sachs Group upped their target price on GE Aerospace from $271.00 to $305.00 and gave the stock a “buy” rating in a research report on Friday, October 10th. Susquehanna started coverage on shares of GE Aerospace in a report on Thursday, December 4th. They set a “positive” rating and a $350.00 price objective on the stock. Citigroup initiated coverage on shares of GE Aerospace in a report on Thursday, December 11th. They set a “buy” rating and a $386.00 price objective for the company. UBS Group set a $366.00 target price on shares of GE Aerospace and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Finally, Jefferies Financial Group lifted their price target on GE Aerospace from $320.00 to $350.00 and gave the company a “buy” rating in a research note on Monday, September 22nd. Sixteen research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $309.94.

Insiders Place Their Bets

In other GE Aerospace news, SVP Russell Stokes sold 8,000 shares of the business’s stock in a transaction 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 transaction, the senior vice president owned 150,434 shares of the company’s stock, valued at approximately $44,785,706.14. The trade was a 5.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.21% of the company’s stock.

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.