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Will GE Aerospace (GE) benefit from Wall Street bulls Calls?

GE Aerospace (NYSE: GE) is 34.07% higher on its value in year-to-date trading and has touched a low of $74.55 and a high of $143.84 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The GE stock was last observed hovering at around $139.85 in the last trading session, with the day’s loss setting it -3.38%.

Currently trading at $136.47, the stock is 0.66% and 11.81% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 20.48 million and changing -2.42% at the moment leaves the stock 37.67% off its SMA200. GE registered 81.94% gain for a year compared to 6-month gain of 54.79%. The firm has a 50-day simple moving average (SMA 50) of $2.20 and a 200-day simple moving average (SMA200) of $11.16.

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The stock witnessed a 7.86% loss in the last 1 month and extending the period to 3 months gives it a 34.07%, and is -1.37% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.52% over the week and 2.84% over the month.

GE Aerospace (GE) has around 125000 employees, a market worth around $149.20B and $67.95B in sales. Current P/E ratio is 16.33 and Fwd P/E is 27.76. Profit margin for the company is 13.51%. Distance from 52-week low is 83.07% and -5.13% from its 52-week high. The company has generated returns on investments over the last 12 months (18.71%).

GE Aerospace quarterly earnings per share for the current quarter are estimated at $0.65 with sales reaching $15.31B over the same period.The EPS is expected to grow by 67.93% this year, but quarterly earnings will post 6.30% year-over-year. Quarterly sales are estimated to grow 5.70% in year-over-year returns.

GE Aerospace (GE) Top Institutional Holders

2,437 institutions hold shares in GE Aerospace (GE), with institutional investors hold 76.14% of the company’s shares. The shares outstanding are 1.09B, and float is at 1.09B with Short Float at 1.17%. Institutions hold 75.97% of the Float.

The top institutional shareholder in the company is Capital Research Global Investors with over 92.56 million shares valued at $10.17 billion. The investor’s holdings represent 8.50% of the GE Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 87.8 million shares valued at $9.64 billion to account for 8.07% of the shares outstanding. The other top investors are Blackrock Inc. which holds 70.48 million shares representing 6.48% and valued at over $7.74 billion, while FMR, LLC holds 5.89% of the shares totaling 64.15 million with a market value of $7.05 billion.

GE Aerospace (GE) Insider Activity

The most recent transaction is an insider sale by Holston Michael J,the company’sSenior Vice President. SEC filings show that Holston Michael J sold 22,055 shares of the company’s common stock on Feb 14 ’24 at a price of $144.87 per share for a total of $3.2 million. Following the sale, the insider now owns 56284.0 shares.

GE Aerospace disclosed in a document filed with the SEC on Feb 02 ’24 that Holston Michael J (Senior Vice President) sold a total of 13,601 shares of the company’s common stock. The trade occurred on Feb 02 ’24 and was made at $135.55 per share for $1.84 million. Following the transaction, the insider now directly holds 48339.0 shares of the GE stock.

Still, SEC filings show that on Jul 27 ’23, Holston Michael J (Senior Vice President) disposed off 112,614 shares at an average price of $115.20 for $12.97 million. The insider now directly holds 57,923 shares of GE Aerospace (GE).

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