CIBC World Market Raises GE Aerospace Stake by 61.7% in Second Quarter

CIBC World Market Inc. increased its stake in GE Aerospace by 61.7% during the second quarter, according to its Form 13F filing with the Securities and Exchange Commission, adding 69,145 shares to bring its total holdings to 181,125 shares valued at approximately $67.7 million. Other institutional investors also adjusted positions: Burkett Financial Services LLC raised its holdings by 28.9% to 125 shares worth $47,000, BOK Financial Private Wealth Inc. boosted its stake by 3.2% to 960 shares worth $359,000, and Gradient Investments LLC grew its position by 4.4% to 765 shares valued at $286,000. Hedge funds and other institutional investors collectively own 74.77% of GE Aerospace's stock.

GE Aerospace shares opened at $348.85 on Monday, with a market capitalization of $361.95 billion, a price-to-earnings ratio of 41.09, a PEG ratio of 2.54, and a beta of 1.36, trading between a one-year low of $266.37 and a one-year high of $388.84. The company reported quarterly earnings per share of $2.02, beating the consensus estimate of $1.86, on revenue of $12.63 billion, up 21.1% year over year and above the $11.87 billion consensus. GE Aerospace set fiscal year 2026 earnings guidance at $7.65 to $7.85 per share.

The company paid a quarterly dividend of $0.47 per share on July 27th, an annualized dividend of $1.88 with a yield of approximately 0.5% and a payout ratio of 22.14%. Analysts including Sanford C. Bernstein, JPMorgan Chase, UBS Group and Susquehanna raised price targets, while BNP Paribas Exane lowered its target to $270.00 with an underperform rating; the consensus includes sixteen buy, two hold, and one sell rating. Senior Vice President Mohamed Ali sold 8,096 shares on July 24th at an average price of $353.71, for approximately $2.86 million, leaving him with 20,666 shares, with company insiders collectively owning 0.19% of GE Aerospace's stock.