GE Aerospace $GE Shares Sold by Intrinsic Value Partners LLC

Intrinsic Value Partners LLC reduced its holdings in shares of GE Aerospace (NYSE:GE) by 1.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 16,636 shares of the company’s stock after selling 222 shares during the quarter. GE Aerospace makes up 3.8% of Intrinsic Value Partners LLC’s investment portfolio, making the stock its 9th biggest holding. Intrinsic Value Partners LLC’s holdings in GE Aerospace were worth $4,282,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in GE. Vanguard Group Inc. lifted its holdings in shares of GE Aerospace by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 90,507,442 shares of the company’s stock valued at $18,115,065,000 after purchasing an additional 692,124 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of GE Aerospace by 6.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 25,131,285 shares of the company’s stock valued at $5,030,028,000 after purchasing an additional 1,492,486 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of GE Aerospace by 0.6% in the 1st quarter. Invesco Ltd. now owns 9,599,522 shares of the company’s stock valued at $1,921,344,000 after purchasing an additional 54,765 shares during the last quarter. GQG Partners LLC purchased a new stake in shares of GE Aerospace in the 1st quarter valued at about $1,606,840,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of GE Aerospace by 6.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 7,676,180 shares of the company’s stock valued at $1,536,387,000 after purchasing an additional 491,207 shares during the last quarter. 74.77% of the stock is owned by institutional investors and hedge funds.

GE Aerospace Stock Down 0.7%

GE Aerospace stock opened at $297.40 on Friday. GE Aerospace has a twelve month low of $159.36 and a twelve month high of $307.25. The stock has a 50 day moving average of $280.65 and a two-hundred day moving average of $243.95. 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 stock has a market capitalization of $315.38 billion, a price-to-earnings ratio of 41.48, a PEG ratio of 3.22 and a beta of 1.49.

GE Aerospace (NYSE:GE) last posted its quarterly earnings data on Thursday, July 17th. The company reported $1.66 earnings per share for the quarter, topping analysts’ consensus estimates of $1.43 by $0.23. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%.The company had revenue of $10.15 billion during the quarter, compared to analysts’ expectations of $9.49 billion. During the same period last year, the firm earned $1.20 EPS. The firm’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. As a group, research analysts expect that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Announces Dividend

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

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Zacks Research downgraded GE Aerospace from a “strong-buy” rating to a “hold” rating in a report on Friday, September 26th. UBS Group boosted their target price on GE Aerospace from $300.00 to $321.00 and gave the company a “buy” rating in a report on Friday, July 18th. Wall Street Zen downgraded GE Aerospace from a “buy” rating to a “hold” rating in a report on Sunday, September 21st. Jefferies Financial Group boosted their target price on GE Aerospace from $320.00 to $350.00 and gave the company a “buy” rating in a report on Monday, September 22nd. Finally, Sanford C. Bernstein reissued 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 company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.