Atria Wealth Solutions Inc. Cuts Holdings in GE Aerospace $GE

Key Points

• Atria Wealth Solutions Inc. reduced its holdings in GE Aerospace by 21.3% in the second quarter, now owning 35,808 shares valued at $9.1 million.
• GE Aerospace reported a quarterly EPS of $1.66, exceeding estimates, with revenues reaching $10.15 billion, up 21.2% year-over-year.
• The company declared a quarterly dividend of $0.36 per share, with an annualized yield of 0.5%, to be paid on October 27th to shareholders of record.

Atria Wealth Solutions Inc. trimmed its holdings in shares of GE Aerospace (NYSE:GE - Free Report) by 21.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 35,808 shares of the company's stock after selling 9,684 shares during the period. Atria Wealth Solutions Inc.'s holdings in GE Aerospace were worth $9,115,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. IMA Advisory Services Inc. purchased a new position in shares of GE Aerospace during the 1st quarter worth approximately $28,000. Copia Wealth Management increased its stake in GE Aerospace by 14,200.0% in the 1st 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. purchased a new position in GE Aerospace in the 1st quarter valued at approximately $29,000. Wealth Preservation Advisors LLC purchased a new position in GE Aerospace in the 1st quarter valued at approximately $30,000. Finally, O Brien Wealth Partners LLC purchased a new position in GE Aerospace in the 1st quarter valued at approximately $33,000. 74.77% of the stock is owned by hedge funds and other institutional investors.

GE Aerospace Stock Performance

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

GE Aerospace (NYSE:GE - Get Free Report) last released its quarterly 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 company had revenue of $10.15 billion during the quarter, compared to the consensus estimate of $9.49 billion. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%.GE Aerospace's revenue was up 21.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.20 earnings per share. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. On average, analysts anticipate that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Monday, September 29th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Monday, September 29th. This represents a $1.44 annualized dividend and a yield of 0.5%. GE Aerospace's dividend payout ratio (DPR) is presently 20.08%.

Analyst Ratings Changes

GE has been the subject of several research analyst reports. Royal Bank Of Canada raised their price objective on GE Aerospace from $275.00 to $300.00 and gave the company an "outperform" rating in a research note on Friday, July 18th. TD Cowen raised their price objective on GE Aerospace from $300.00 to $330.00 and gave the company a "buy" rating in a research note on Tuesday, October 7th. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of GE Aerospace in a research note on Friday, August 15th. The Goldman Sachs Group raised their price objective on GE Aerospace from $271.00 to $305.00 and gave the company a "buy" rating in a research note on Friday. Finally, Barclays raised their price objective on GE Aerospace from $230.00 to $295.00 and gave the company an "overweight" rating in a research note on Wednesday, July 23rd. Fifteen analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $264.50.

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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