GE Aerospace $GE Shares Sold by Global Wealth Strategies & Associates

Global Wealth Strategies & Associates reduced its stake in GE Aerospace (NYSE:GE) by 31.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 218 shares of the company’s stock after selling 101 shares during the quarter. Global Wealth Strategies & Associates’ holdings in GE Aerospace were worth $56,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in GE. Putney Financial Group LLC acquired a new position in shares of GE Aerospace in the 4th quarter worth approximately $28,000. IMA Advisory Services Inc. purchased a new stake in GE Aerospace during the 1st quarter worth approximately $28,000. Copia Wealth Management increased its stake in GE Aerospace by 14,200.0% during the 1st quarter. Copia Wealth Management now owns 143 shares of the company’s stock worth $29,000 after buying an additional 142 shares during the period. Nova Wealth Management Inc. purchased a new stake in GE Aerospace during the 1st quarter worth approximately $29,000. Finally, Wealth Preservation Advisors LLC purchased a new stake in GE Aerospace during the 1st quarter worth approximately $30,000. 74.77% of the stock is currently owned by institutional investors and hedge funds.

GE Aerospace Trading Up 0.0%

Shares of NYSE:GE opened at $281.67 on Friday. GE Aerospace has a 52 week low of $159.36 and a 52 week high of $286.91. The company’s 50 day moving average is $269.33 and its two-hundred day moving average is $233.93. The company has a current ratio of 1.04, a quick ratio of 0.73 and a debt-to-equity ratio of 0.88. The company has a market cap of $298.69 billion, a PE ratio of 39.28, a P/E/G ratio of 3.03 and a beta of 1.48.

GE Aerospace (NYSE:GE) last announced its quarterly earnings data on Thursday, July 17th. The company reported $1.66 EPS for the quarter, beating 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 net margin of 18.64% and a return on equity of 31.32%. The company’s quarterly revenue was up 21.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.20 EPS. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. Equities analysts predict that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 25th. Investors of record on Monday, July 7th were given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, July 7th. GE Aerospace’s dividend payout ratio (DPR) is 20.08%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on GE. Wells Fargo & Company upped their target price on shares of GE Aerospace from $34.00 to $38.00 in a research note on Wednesday, July 23rd. UBS Group upped their target price on shares of GE Aerospace from $300.00 to $321.00 and gave the stock a “buy” rating in a research note on Friday, July 18th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of GE Aerospace in a research note on Friday, August 15th. Barclays upped their target price on shares of GE Aerospace from $230.00 to $295.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 23rd. Finally, Citigroup reissued a “buy” rating and issued a $296.00 price objective (up from $227.00) on shares of GE Aerospace in a research report on Monday, July 14th. Ten investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $232.92.

GE Aerospace Company 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.