Cosner Financial Group LLC Increases Stock Holdings in GE Aerospace $GE

Cosner Financial Group LLC increased its holdings in GE Aerospace (NYSE:GE) by 14.5% in the second quarter, HoldingsChannel.com reports. The fund owned 1,167 shares of the company’s stock after acquiring an additional 148 shares during the period. Cosner Financial Group LLC’s holdings in GE Aerospace were worth $300,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. IMA Advisory Services Inc. purchased a new stake in GE Aerospace in the first quarter worth $28,000. Nova Wealth Management Inc. purchased a new stake in GE Aerospace in the first quarter worth $29,000. IMG Wealth Management Inc. lifted its stake in GE Aerospace by 113.5% in the second quarter. IMG Wealth Management Inc. now owns 111 shares of the company’s stock worth $29,000 after acquiring an additional 59 shares during the period. Wealth Preservation Advisors LLC purchased a new stake in GE Aerospace in the first quarter worth $30,000. Finally, O Brien Wealth Partners LLC purchased a new stake in GE Aerospace in the first quarter worth $33,000. Hedge funds and other institutional investors own 74.77% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Wolfe Research raised their price objective on GE Aerospace from $280.00 to $330.00 and gave the company an “outperform” rating in a research report on Thursday, October 9th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $350.00 price objective on shares of GE Aerospace in a research report on Wednesday, October 8th. Wells Fargo & Company raised their price objective on GE Aerospace from $34.00 to $38.00 in a research report on Wednesday, July 23rd. Citigroup reissued a “buy” rating and set a $296.00 price objective (up previously from $227.00) on shares of GE Aerospace in a research report on Monday, July 14th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of GE Aerospace in a research report on Saturday. Fifteen investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $284.27.

GE Aerospace Price Performance

Shares of NYSE:GE opened at $303.97 on Friday. GE Aerospace has a 1-year low of $159.36 and a 1-year high of $316.53. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.08 and a quick ratio of 0.73. The business has a fifty day moving average price of $289.19 and a 200-day moving average price of $255.34. The company has a market capitalization of $320.63 billion, a PE ratio of 40.58, a PEG ratio of 3.15 and a beta of 1.49.

GE Aerospace (NYSE:GE) last issued its quarterly earnings results on Tuesday, October 21st. The company reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.20. GE Aerospace had a return on equity of 34.01% and a net margin of 18.34%.The firm had revenue of $11.31 billion during the quarter, compared to the consensus estimate of $10.29 billion. During the same period last year, the company earned $1.15 earnings per share. The company’s revenue was up 26.4% on a year-over-year basis. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. As a group, equities analysts expect that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Monday, September 29th will be issued a dividend of $0.36 per share. The ex-dividend date is Monday, September 29th. This represents a $1.44 annualized dividend and a dividend yield of 0.5%. GE Aerospace’s dividend payout ratio (DPR) is presently 19.23%.

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.