10,472 Shares in GE Aerospace $GE Bought by Vivid Wealth Management LLC

Key Points

• Vivid Wealth Management LLC has purchased 10,472 shares of GE Aerospace, valued at approximately $2.7 million, indicating strong institutional interest in the company.
• Analysts are generally optimistic about GE Aerospace, with estimates suggesting the company will report $5.4 EPS for the current fiscal year, and several firms have increased their price targets.
• GE Aerospace is set to distribute a quarterly dividend of $0.36 per share on October 27th, reflecting a yield of 0.5% and an increasing commitment to returning cash to shareholders.

Vivid Wealth Management LLC bought a new position in GE Aerospace (NYSE:GE - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 10,472 shares of the company's stock, valued at approximately $2,695,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ameriflex Group Inc. raised its stake in GE Aerospace by 23.5% in the 2nd quarter. Ameriflex Group Inc. now owns 1,742 shares of the company's stock worth $437,000 after acquiring an additional 331 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in GE Aerospace by 17.1% in the 1st quarter. Smartleaf Asset Management LLC now owns 8,241 shares of the company's stock worth $1,647,000 after acquiring an additional 1,201 shares during the last quarter. Rainey & Randall Wealth Advisors Inc. purchased a new position in GE Aerospace in the 1st quarter worth $203,000. Concurrent Investment Advisors LLC raised its stake in GE Aerospace by 25.1% in the 1st quarter. Concurrent Investment Advisors LLC now owns 41,039 shares of the company's stock worth $8,065,000 after acquiring an additional 8,245 shares during the last quarter. Finally, Global Assets Advisory LLC raised its stake in shares of GE Aerospace by 186.7% during the 1st quarter. Global Assets Advisory LLC now owns 14,710 shares of the company's stock valued at $2,751,000 after buying an additional 9,580 shares during the last quarter. Hedge funds and other institutional investors own 74.77% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on GE. Jefferies Financial Group lifted their price objective on GE Aerospace from $320.00 to $350.00 and gave the company a "buy" rating in a research note on Monday, September 22nd. Royal Bank Of Canada raised their target price on GE Aerospace from $275.00 to $300.00 and gave the company an "outperform" rating in a research report on Friday, July 18th. UBS Group lifted their price objective on GE Aerospace from $300.00 to $321.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Wall Street Zen cut GE Aerospace from a "buy" rating to a "hold" rating in a report on Sunday, September 21st. Finally, Barclays lifted 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. Twelve equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $251.31.

GE Aerospace Trading Down 1.1%

Shares of GE Aerospace stock opened at $299.18 on Friday. The stock has a market cap of $317.26 billion, a P/E ratio of 41.73, a P/E/G ratio of 3.25 and a beta of 1.49. The stock's 50 day simple moving average is $282.99 and its 200-day simple moving average is $246.55. GE Aerospace has a 1-year low of $159.36 and a 1-year high of $307.25. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.04 and a quick ratio of 0.73.

GE Aerospace (NYSE:GE - Get Free Report) last issued its earnings results 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. The business had revenue of $10.15 billion for the quarter, compared to analysts' expectations of $9.49 billion. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%.The business's revenue for the quarter was up 21.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.20 EPS. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. Analysts predict that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Monday, September 29th will be given 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 of this dividend is Monday, September 29th. GE Aerospace's payout ratio is presently 20.08%.

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.

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