Leo Wealth LLC Has $1.25 Million Stock Holdings in GE Aerospace $GE

Leo Wealth LLC increased its position in shares of GE Aerospace (NYSE:GE) by 8.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,857 shares of the company’s stock after buying an additional 375 shares during the quarter. Leo Wealth LLC’s holdings in GE Aerospace were worth $1,250,000 at the end of the most recent quarter.

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

GE Aerospace Stock Performance

GE stock opened at $299.18 on Friday. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.04 and a quick ratio of 0.73. The company has a 50 day moving average price of $282.99 and a 200 day moving average price of $246.55. GE Aerospace has a fifty-two week low of $159.36 and a fifty-two week high of $307.25. The stock has a market capitalization of $317.26 billion, a PE ratio of 41.73, a price-to-earnings-growth ratio of 3.25 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 the consensus estimate of $1.43 by $0.23. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. The firm had revenue of $10.15 billion during the quarter, compared to analysts’ expectations of $9.49 billion. During the same quarter in the previous year, the company posted $1.20 EPS. GE Aerospace’s revenue was up 21.2% on a year-over-year basis. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. Analysts forecast that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Announces Dividend

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

Analyst Ratings Changes

A number of research firms have weighed in on GE. UBS Group lifted their price objective on GE Aerospace from $300.00 to $321.00 and gave the company a “buy” rating in a report on Friday, July 18th. Citigroup reaffirmed a “buy” rating and set a $296.00 price objective (up from $227.00) on shares of GE Aerospace in a report on Monday, July 14th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $350.00 price objective on shares of GE Aerospace in a report on Wednesday. Royal Bank Of Canada lifted their price objective on GE Aerospace from $275.00 to $300.00 and gave the company an “outperform” rating in a report on Friday, July 18th. Finally, Zacks Research downgraded GE Aerospace from a “strong-buy” rating to a “hold” rating in a report on Friday, September 26th. Twelve analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, GE Aerospace currently has a consensus rating of “Moderate Buy” and an average price target of $251.31.

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.