GE Aerospace $GE Shares Sold by AlTi Global Inc.

Key Points

• AlTi Global Inc. sold 4,167 shares of GE Aerospace, reducing its stake by 49.8% to a total of 4,195 shares, valued at approximately $841,000.
• GE Aerospace reported earnings of $1.66 per share for the last quarter, exceeding analysts' expectations, with a revenue increase of 21.2% year-over-year.
• The company announced a quarterly dividend of $0.36, resulting in an annualized yield of 0.5% and a dividend payout ratio of 20.08%.

AlTi Global Inc. cut its stake in GE Aerospace (NYSE:GE - Free Report) by 49.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,195 shares of the company's stock after selling 4,167 shares during the quarter. AlTi Global Inc.'s holdings in GE Aerospace were worth $841,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of GE. Brighton Jones LLC increased its stake in GE Aerospace by 25.3% in the 4th quarter. Brighton Jones LLC now owns 12,008 shares of the company's stock worth $2,003,000 after buying an additional 2,421 shares during the period. Revolve Wealth Partners LLC increased its stake in GE Aerospace by 7.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,251 shares of the company's stock worth $375,000 after buying an additional 150 shares during the period. Benjamin Edwards Inc. increased its stake in GE Aerospace by 17.6% in the 4th quarter. Benjamin Edwards Inc. now owns 18,111 shares of the company's stock worth $3,021,000 after buying an additional 2,708 shares during the period. Cary Street Partners Financial LLC purchased a new position in GE Aerospace in the 4th quarter worth about $655,000. Finally, Captrust Financial Advisors increased its stake in GE Aerospace by 6.5% in the 4th quarter. Captrust Financial Advisors now owns 71,594 shares of the company's stock worth $11,941,000 after buying an additional 4,350 shares during the period. Hedge funds and other institutional investors own 74.77% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently commented on GE shares. Royal Bank Of Canada raised their price target on shares of GE Aerospace from $275.00 to $300.00 and gave the stock an "outperform" rating in a research note on Friday, July 18th. UBS Group raised their price target on shares of GE Aerospace from $300.00 to $321.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of GE Aerospace in a research note on Friday, August 15th. Wells Fargo & Company increased their target price on shares of GE Aerospace from $34.00 to $38.00 in a report on Wednesday, July 23rd. Finally, Barclays boosted their price target on shares of GE Aerospace from $230.00 to $295.00 and gave the company an "overweight" rating in a report on Wednesday, July 23rd. Ten equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $232.92.

GE Aerospace Stock Down 0.9%

Shares of GE traded down $2.62 during mid-day trading on Friday, hitting $279.65. The company's stock had a trading volume of 4,950,277 shares, compared to its average volume of 4,005,729. GE Aerospace has a 52-week low of $159.36 and a 52-week high of $284.41. The firm has a market capitalization of $296.55 billion, a price-to-earnings ratio of 39.00, a PEG ratio of 3.00 and a beta of 1.48. 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's 50-day moving average is $266.25 and its 200-day moving average is $231.21.

GE Aerospace (NYSE:GE - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The company reported $1.66 EPS for the quarter, topping the consensus estimate of $1.43 by $0.23. The firm had revenue of $10.15 billion during the quarter, compared to analyst estimates of $9.49 billion. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. GE Aerospace's revenue was up 21.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.20 EPS. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. On average, equities research analysts forecast that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Monday, July 7th were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 0.5%. The ex-dividend date was Monday, July 7th. 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.