KPP Advisory Services LLC Decreases Stock Holdings in GE Aerospace $GE

KPP Advisory Services LLC cut its stake in GE Aerospace (NYSE:GE) by 27.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,162 shares of the company’s stock after selling 429 shares during the period. KPP Advisory Services LLC’s holdings in GE Aerospace were worth $299,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. IMA Advisory Services Inc. purchased a new position in shares of GE Aerospace during the 1st quarter worth $28,000. Copia Wealth Management raised its stake in GE Aerospace by 14,200.0% during the first quarter. Copia Wealth Management now owns 143 shares of the company’s stock worth $29,000 after purchasing an additional 142 shares during the period. Nova Wealth Management Inc. acquired a new position in GE Aerospace in the 1st quarter valued at about $29,000. Wealth Preservation Advisors LLC purchased a new stake in shares of GE Aerospace in the 1st quarter valued at approximately $30,000. Finally, O Brien Wealth Partners LLC acquired a new stake in shares of GE Aerospace during the 1st quarter worth approximately $33,000. Hedge funds and other institutional investors own 74.77% of the company’s stock.

GE Aerospace Price Performance

GE stock opened at $298.16 on Tuesday. The business’s fifty day moving average price is $281.20 and its 200 day moving average price is $245.15. GE Aerospace has a 12-month low of $159.36 and a 12-month high of $307.25. 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 capitalization of $316.18 billion, a PE ratio of 41.58, a P/E/G ratio of 3.20 and a beta of 1.49.

GE Aerospace (NYSE:GE) last released its earnings results on Thursday, July 17th. The company reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.23. The company had revenue of $10.15 billion during 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%.GE Aerospace’s revenue was up 21.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.20 EPS. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. On average, sell-side analysts anticipate that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Investors 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 of this dividend is Monday, September 29th. GE Aerospace’s dividend payout ratio is presently 20.08%.

Wall Street Analyst Weigh In

GE has been the topic of a number of recent analyst reports. Sanford C. Bernstein reiterated an “outperform” rating on shares of GE Aerospace in a report on Friday, August 15th. Wells Fargo & Company upped their price target on GE Aerospace from $34.00 to $38.00 in a research note on Wednesday, July 23rd. Citigroup reissued a “buy” rating and set a $296.00 price objective (up from $227.00) on shares of GE Aerospace in a research report on Monday, July 14th. UBS Group boosted their price objective on shares of GE Aerospace from $300.00 to $321.00 and gave the company a “buy” rating in a report on Friday, July 18th. Finally, Royal Bank Of Canada upped their target price on shares of GE Aerospace from $275.00 to $300.00 and gave the company an “outperform” rating in a research report on Friday, July 18th. Twelve research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $241.92.

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.