Commerzbank Aktiengesellschaft FI Reduces Holdings in GE Aerospace $GE

Commerzbank Aktiengesellschaft FI trimmed its holdings in shares of GE Aerospace (NYSE:GE) by 14.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,578 shares of the company’s stock after selling 12,433 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in GE Aerospace were worth $19,453,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. IMA Advisory Services Inc. purchased a new stake in shares of GE Aerospace in the first quarter valued at $28,000. Copia Wealth Management raised its stake in GE Aerospace by 14,200.0% in the 1st quarter. Copia Wealth Management now owns 143 shares of the company’s stock valued at $29,000 after purchasing an additional 142 shares during the last quarter. Nova Wealth Management Inc. acquired a new position in GE Aerospace in the 1st quarter valued at about $29,000. Wealth Preservation Advisors LLC acquired a new position in GE Aerospace in the 1st quarter valued at about $30,000. Finally, O Brien Wealth Partners LLC purchased a new stake in shares of GE Aerospace during the first quarter worth about $33,000. Institutional investors and hedge funds own 74.77% of the company’s stock.

GE Aerospace Stock Performance

GE Aerospace stock opened at $299.18 on Friday. The stock’s 50-day moving average is $282.99 and its 200-day moving average is $246.55. The company has a market cap of $317.26 billion, a price-to-earnings ratio of 41.73, a price-to-earnings-growth ratio of 3.25 and a beta of 1.49. 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 12 month low of $159.36 and a 12 month high of $307.25.

GE Aerospace (NYSE:GE) last released its quarterly earnings data on Thursday, July 17th. The company reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.23. The company had revenue of $10.15 billion for the quarter, compared to the consensus estimate of $9.49 billion. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%.The company’s quarterly revenue was up 21.2% compared to the same quarter last year. During the same period last year, the business posted $1.20 EPS. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. Equities analysts anticipate that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Monday, September 29th will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 0.5%. The ex-dividend date is Monday, September 29th. GE Aerospace’s payout ratio is currently 20.08%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on GE shares. Citigroup restated a “buy” rating and set a $296.00 target price (up previously from $227.00) on shares of GE Aerospace in a research report on Monday, July 14th. Jefferies Financial Group increased their price target on GE Aerospace from $320.00 to $350.00 and gave the stock a “buy” rating in a research note on Monday, September 22nd. UBS Group upped their target price on GE Aerospace from $300.00 to $321.00 and gave the company a “buy” rating in a research note on Friday, July 18th. Wells Fargo & Company upped their target price on GE Aerospace from $34.00 to $38.00 in a research note on Wednesday, July 23rd. Finally, Sanford C. Bernstein restated an “outperform” rating on shares of GE Aerospace in a report on Friday, August 15th. Twelve research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, GE Aerospace presently has a consensus rating of “Moderate Buy” and an average price target of $251.31.

About GE Aerospace

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.