Ameritas Advisory Services LLC Sells 3,742 Shares of GE Aerospace $GE

Ameritas Advisory Services LLC cut its stake in GE Aerospace (NYSE:GE) by 31.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,124 shares of the company’s stock after selling 3,742 shares during the quarter. Ameritas Advisory Services LLC’s holdings in GE Aerospace were worth $2,091,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in GE. Brighton Jones LLC grew its stake in shares of GE Aerospace by 25.3% in the fourth quarter. Brighton Jones LLC now owns 12,008 shares of the company’s stock worth $2,003,000 after acquiring an additional 2,421 shares during the period. Revolve Wealth Partners LLC grew its position in GE Aerospace by 7.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 2,251 shares of the company’s stock valued at $375,000 after buying an additional 150 shares during the period. Matrix Trust Co bought a new stake in GE Aerospace during the first quarter valued at approximately $221,000. Beacon Financial Group bought a new stake in GE Aerospace during the first quarter valued at approximately $219,000. Finally, Gilman Hill Asset Management LLC bought a new stake in GE Aerospace during the first quarter valued at approximately $222,000. 74.77% of the stock is currently owned by institutional investors.

GE Aerospace Price Performance

Shares of NYSE:GE opened at $297.40 on Friday. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.04 and a quick ratio of 0.73. GE Aerospace has a 1-year low of $159.36 and a 1-year high of $307.25. The company has a market capitalization of $315.38 billion, a P/E ratio of 41.48, a P/E/G ratio of 3.22 and a beta of 1.49. The firm’s 50 day simple moving average is $280.65 and its two-hundred day simple moving average is $243.95.

GE Aerospace (NYSE:GE) last issued its quarterly earnings results on Thursday, July 17th. The company reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.23. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. The business had revenue of $10.15 billion for the quarter, compared to the consensus estimate of $9.49 billion. During the same quarter in the previous year, the firm earned $1.20 earnings per share. The company’s revenue for the quarter was up 21.2% on a year-over-year basis. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. Research analysts expect that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Monday, September 29th will be issued a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, September 29th. GE Aerospace’s payout ratio is 20.08%.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Citigroup restated a “buy” rating and set a $296.00 target price (up from $227.00) on shares of GE Aerospace in a research report on Monday, July 14th. Wells Fargo & Company boosted their target price on shares of GE Aerospace from $34.00 to $38.00 in a research report on Wednesday, July 23rd. UBS Group boosted their target price on shares of GE Aerospace from $300.00 to $321.00 and gave the company a “buy” rating in a research report on Friday, July 18th. Weiss Ratings restated a “buy (b)” rating on shares of GE Aerospace in a research report on Saturday, September 27th. Finally, Jefferies Financial Group lifted their price target on shares of GE Aerospace from $320.00 to $350.00 and gave the company a “buy” rating in a report on Monday, September 22nd. Twelve research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $241.92.

GE Aerospace Profile

GE Aerospace (also known as General Electric) is a company that specializes in providing aerospace products and services. It operates through two reportable segments: Commercial Engines and Services and Defense and Propulsion Technologies. It offers jet and turboprop engines, as well as integrated systems for commercial, military, business, and general aviation aircraft.