Atria Wealth Solutions Inc. Has $9.11 Million Stock Holdings in GE Aerospace (NYSE:GE)

Key Points

• Atria Wealth Solutions Inc. increased its holdings in GE Aerospace by 6.0%, owning 45,492 shares worth approximately $9.11 million.
• GE Aerospace reported quarterly earnings of $1.66 EPS, exceeding estimates, with revenue significantly up by 21.2% year over year.
• The company declared a quarterly dividend of $0.36 per share, reflecting an annualized payout of $1.44 and a yield of 0.5%.

Atria Wealth Solutions Inc. lifted its holdings in shares of GE Aerospace (NYSE:GE - Free Report) by 6.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 45,492 shares of the company's stock after buying an additional 2,566 shares during the period. Atria Wealth Solutions Inc.'s holdings in GE Aerospace were worth $9,113,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the company. IMA Advisory Services Inc. acquired a new stake in shares of GE Aerospace during the 1st quarter worth about $28,000. Copia Wealth Management lifted its stake in shares of GE Aerospace by 14,200.0% during the 1st quarter. Copia Wealth Management now owns 143 shares of the company's stock worth $29,000 after buying an additional 142 shares during the last quarter. O Brien Wealth Partners LLC acquired a new stake in shares of GE Aerospace during the 1st quarter worth about $33,000. First Pacific Financial lifted its stake in shares of GE Aerospace by 46.0% during the 1st quarter. First Pacific Financial now owns 165 shares of the company's stock worth $33,000 after buying an additional 52 shares during the last quarter. Finally, POM Investment Strategies LLC lifted its stake in shares of GE Aerospace by 1,078.6% during the 1st 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 last quarter. Institutional investors and hedge funds own 74.77% of the company's stock.

GE Aerospace Price Performance

GE stock opened at $271.88 on Wednesday. The company has a quick ratio of 0.73, a current ratio of 1.04 and a debt-to-equity ratio of 0.88. GE Aerospace has a 12 month low of $159.36 and a 12 month high of $277.00. The firm has a market cap of $288.32 billion, a P/E ratio of 37.92, a P/E/G ratio of 2.97 and a beta of 1.44. The company's 50-day moving average price is $253.60 and its two-hundred day moving average price is $219.92.

GE Aerospace (NYSE:GE - Get Free Report) last posted its quarterly earnings results on Thursday, July 17th. The company reported $1.66 earnings per share for the quarter, beating analysts' consensus estimates of $1.43 by $0.23. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. The company had revenue of $10.15 billion for the quarter, compared to the consensus estimate of $9.49 billion. During the same period last year, the company posted $1.20 EPS. The firm's quarterly revenue was up 21.2% compared to the same quarter last year. On average, analysts anticipate that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Monday, July 7th were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.5%. GE Aerospace's payout ratio is currently 20.08%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Wall Street Zen raised shares of GE Aerospace from a "hold" rating to a "buy" rating in a research report on Friday, July 18th. Northcoast Research lowered shares of GE Aerospace from a "buy" rating to a "neutral" rating in a research report on Monday, May 19th. Wells Fargo & Company raised their price target on shares of GE Aerospace from $34.00 to $38.00 in a research report on Wednesday, July 23rd. Citigroup reaffirmed a "buy" rating and set a $296.00 price target (up from $227.00) on shares of GE Aerospace in a research report on Monday, July 14th. Finally, Barclays raised their price target 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. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, GE Aerospace has an average rating of "Moderate Buy" and an average price target of $232.92.

GE Aerospace Profile

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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