GE Aerospace $GE Shares Acquired by United Advisor Group LLC

United Advisor Group LLC grew its position in GE Aerospace (NYSE:GE) by 51.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,236 shares of the company’s stock after acquiring an additional 764 shares during the quarter. United Advisor Group LLC’s holdings in GE Aerospace were worth $576,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in GE. First American Trust FSB lifted its holdings in GE Aerospace by 14.6% in the 2nd quarter. First American Trust FSB now owns 1,763 shares of the company’s stock valued at $454,000 after purchasing an additional 225 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of GE Aerospace by 224.3% during the second quarter. Empowered Funds LLC now owns 84,237 shares of the company’s stock worth $21,682,000 after buying an additional 58,258 shares in the last quarter. Vanguard Group Inc. raised its position in shares of GE Aerospace by 1.6% in the second quarter. Vanguard Group Inc. now owns 91,989,511 shares of the company’s stock valued at $23,677,180,000 after buying an additional 1,482,069 shares during the last quarter. Greykasell Wealth Strategies Inc. lifted its stake in shares of GE Aerospace by 1,346.5% in the second quarter. Greykasell Wealth Strategies Inc. now owns 1,244 shares of the company’s stock worth $320,000 after buying an additional 1,158 shares in the last quarter. Finally, Pinnacle Wealth Planning Services Inc. lifted its stake in shares of GE Aerospace by 35.4% in the second quarter. Pinnacle Wealth Planning Services Inc. now owns 5,562 shares of the company’s stock worth $1,431,000 after buying an additional 1,454 shares in the last quarter. 74.77% of the stock is owned by institutional investors and hedge funds.

GE Aerospace Price Performance

NYSE:GE opened at $296.13 on Wednesday. GE Aerospace has a 52 week low of $159.36 and a 52 week high of $316.67. The stock’s fifty day moving average is $300.80 and its two-hundred day moving average is $270.17. The company has a market capitalization of $312.36 billion, a P/E ratio of 39.54, a P/E/G ratio of 3.09 and a beta of 1.56. The company has a quick ratio of 0.76, a current ratio of 1.08 and a debt-to-equity ratio of 0.99.

GE Aerospace (NYSE:GE) last released its quarterly earnings results on Tuesday, October 21st. The company reported $1.66 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.20. The business had revenue of $11.31 billion during the quarter, compared to analysts’ expectations of $10.29 billion. GE Aerospace had a return on equity of 34.01% and a net margin of 18.34%.The company’s revenue was up 26.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.15 EPS. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. Equities analysts expect that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, October 27th. Shareholders of record on Monday, September 29th were given a dividend of $0.36 per share. The ex-dividend date was Monday, September 29th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.5%. GE Aerospace’s dividend payout ratio (DPR) is currently 19.23%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Bank of America upped their price objective on shares of GE Aerospace from $310.00 to $365.00 and gave the company a “buy” rating in a research note on Monday, October 27th. Wells Fargo & Company upped their price target on GE Aerospace from $34.00 to $38.00 in a research report on Wednesday, July 23rd. Jefferies Financial Group increased their price target on GE Aerospace from $320.00 to $350.00 and gave the company a “buy” rating in a report on Monday, September 22nd. BNP Paribas Exane initiated coverage on GE Aerospace in a research report on Tuesday. They set an “underperform” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $350.00 target price on shares of GE Aerospace in a report on Wednesday, October 8th. Fifteen analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $301.27.

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.