Pacific Wealth Strategies Group Inc. Takes Position in GE Aerospace $GE

Pacific Wealth Strategies Group Inc. acquired a new stake in GE Aerospace (NYSE:GE) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,227 shares of the company’s stock, valued at approximately $333,000.

Several other large investors have also recently added to or reduced their stakes in GE. IMA Advisory Services Inc. purchased a new position in GE Aerospace during the first quarter worth about $28,000. Nova Wealth Management Inc. purchased a new position in GE Aerospace during the first quarter worth about $29,000. IMG Wealth Management Inc. lifted its position in GE Aerospace by 113.5% during the second quarter. IMG Wealth Management Inc. now owns 111 shares of the company’s stock worth $29,000 after buying an additional 59 shares during the period. Wealth Preservation Advisors LLC purchased a new position in GE Aerospace during the first quarter worth about $30,000. Finally, POM Investment Strategies LLC lifted its position in GE Aerospace by 1,078.6% during the first quarter. POM Investment Strategies LLC now owns 165 shares of the company’s stock worth $33,000 after buying an additional 151 shares during the period. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

GE has been the topic of several recent analyst reports. Wells Fargo & Company increased their target price on GE Aerospace from $34.00 to $38.00 in a research report on Wednesday, July 23rd. Barclays raised their price objective on GE Aerospace from $230.00 to $295.00 and gave the stock an “overweight” rating in a report on Wednesday, July 23rd. Royal Bank Of Canada raised their price objective on GE Aerospace from $300.00 to $340.00 and gave the stock an “outperform” rating in a report on Friday, October 17th. Zacks Research downgraded GE Aerospace from a “strong-buy” rating to a “hold” rating in a report on Friday, September 26th. Finally, Sanford C. Bernstein restated an “outperform” rating on shares of GE Aerospace in a report on Monday, October 27th. Fifteen research 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 has a consensus rating of “Moderate Buy” and a consensus target price of $301.27.

GE Aerospace Stock Performance

GE Aerospace stock opened at $308.74 on Tuesday. The company has a market cap of $325.67 billion, a price-to-earnings ratio of 41.22, a price-to-earnings-growth ratio of 3.09 and a beta of 1.49. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.08 and a quick ratio of 0.76. GE Aerospace has a 12 month low of $159.36 and a 12 month high of $316.67. The stock’s 50-day moving average is $294.44 and its 200-day moving average is $261.69.

GE Aerospace (NYSE:GE) last announced its earnings results on Tuesday, October 21st. The company reported $1.66 EPS for the quarter, beating the consensus estimate of $1.46 by $0.20. The business had revenue of $11.31 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period last year, the business posted $1.15 EPS. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. Equities analysts anticipate that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Dividend Announcement

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

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.