857 Shares in GE Aerospace $GE Purchased by Pathway Financial Advisors LLC

Key Points

• Pathway Financial Advisors LLC acquired a new stake in GE Aerospace, purchasing 857 shares valued at around $221,000 in the second quarter.
• Recent analyst reports have upgraded GE Aerospace's price targets, with Citigroup raising its target from $227.00 to $296.00 and Goldman Sachs increasing it from $271.00 to $305.00.
• GE Aerospace recently announced a quarterly dividend of $0.36 per share, with a dividend yield of 0.5%, set to be paid out on October 27th.

Pathway Financial Advisors LLC bought a new stake in shares of GE Aerospace (NYSE:GE - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 857 shares of the company's stock, valued at approximately $221,000.

Several other hedge funds have also bought and sold shares of the stock. Old North State Wealth Management LLC raised its holdings in GE Aerospace by 1.9% in the 2nd quarter. Old North State Wealth Management LLC now owns 2,101 shares of the company's stock valued at $542,000 after acquiring an additional 39 shares during the last quarter. Stephens Consulting LLC grew its position in shares of GE Aerospace by 18.0% in the second quarter. Stephens Consulting LLC now owns 256 shares of the company's stock valued at $66,000 after purchasing an additional 39 shares in the last quarter. Webster Bank N. A. increased its holdings in shares of GE Aerospace by 2.1% in the second quarter. Webster Bank N. A. now owns 1,970 shares of the company's stock valued at $507,000 after purchasing an additional 41 shares during the last quarter. Pacific Sage Partners LLC lifted its position in GE Aerospace by 3.5% during the second quarter. Pacific Sage Partners LLC now owns 1,220 shares of the company's stock worth $314,000 after buying an additional 41 shares in the last quarter. Finally, Ascent Capital Management LLC lifted its position in GE Aerospace by 1.9% during the second quarter. Ascent Capital Management LLC now owns 2,273 shares of the company's stock worth $585,000 after buying an additional 42 shares in the last quarter. Hedge funds and other institutional investors own 74.77% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on GE. Citigroup reaffirmed a "buy" rating and issued a $296.00 target price (up from $227.00) on shares of GE Aerospace in a research note on Monday, July 14th. Barclays raised their price objective on shares of GE Aerospace from $230.00 to $295.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. Weiss Ratings reiterated a "buy (b)" rating on shares of GE Aerospace in a report on Wednesday, October 8th. The Goldman Sachs Group raised their price target on shares of GE Aerospace from $271.00 to $305.00 and gave the stock a "buy" rating in a report on Friday. Finally, TD Cowen upped their price objective on GE Aerospace from $300.00 to $330.00 and gave the company a "buy" rating in a report on Tuesday, October 7th. Fifteen analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $264.50.

GE Aerospace Trading Down 2.5%

Shares of GE stock opened at $291.96 on Monday. GE Aerospace has a fifty-two week low of $159.36 and a fifty-two week high of $307.25. The company has a 50 day moving average price of $283.44 and a 200 day moving average price of $247.67. The stock has a market capitalization of $309.61 billion, a P/E ratio of 40.72, a price-to-earnings-growth ratio of 3.14 and a beta of 1.49. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.73 and a current ratio of 1.04.

GE Aerospace (NYSE:GE - Get Free Report) last released its earnings results on Thursday, July 17th. The company reported $1.66 EPS for the quarter, topping the consensus estimate of $1.43 by $0.23. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%.The firm had revenue of $10.15 billion during the quarter, compared to analysts' expectations of $9.49 billion. During the same period in the previous year, the firm posted $1.20 EPS. GE Aerospace'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. Equities research analysts predict that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Dividend Announcement

The firm also recently announced 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 dividend payout ratio (DPR) is 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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