Belpointe Asset Management LLC Lowers Stock Holdings in GE Aerospace $GE

Key Points

• Belpointe Asset Management LLC reduced its stake in GE Aerospace by 2.5% during Q2, holding 45,953 shares valued at approximately $11.8 million.
• Analysts have mixed ratings for GE Aerospace, with Zacks Research downgrading it to "hold," while other firms like Citigroup maintain a "buy" rating with a target price boost to $296.
• GE Aerospace declared a quarterly dividend of $0.36, with a payout ratio of 20.08%, to be distributed on October 27th to shareholders on record as of September 29th.

Belpointe Asset Management LLC lowered its position in shares of GE Aerospace (NYSE:GE - Free Report) by 2.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,953 shares of the company's stock after selling 1,192 shares during the period. Belpointe Asset Management LLC's holdings in GE Aerospace were worth $11,828,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Brighton Jones LLC grew its position in shares of GE Aerospace by 25.3% during the 4th quarter. Brighton Jones LLC now owns 12,008 shares of the company's stock valued at $2,003,000 after purchasing an additional 2,421 shares in the last quarter. Revolve Wealth Partners LLC boosted its stake in GE Aerospace by 7.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 2,251 shares of the company's stock valued at $375,000 after buying an additional 150 shares during the period. Procyon Advisors LLC grew its position in GE Aerospace by 32.9% during the first quarter. Procyon Advisors LLC now owns 2,992 shares of the company's stock worth $599,000 after buying an additional 741 shares in the last quarter. Impact Capital Partners LLC grew its position in GE Aerospace by 39.1% during the first quarter. Impact Capital Partners LLC now owns 2,741 shares of the company's stock worth $549,000 after buying an additional 771 shares in the last quarter. Finally, Sivia Capital Partners LLC increased its stake in GE Aerospace by 68.2% in the 1st quarter. Sivia Capital Partners LLC now owns 4,146 shares of the company's stock worth $830,000 after acquiring an additional 1,681 shares during the last quarter. Institutional investors own 74.77% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on GE shares. Zacks Research downgraded GE Aerospace from a "strong-buy" rating to a "hold" rating in a research report on Friday, September 26th. Citigroup reiterated a "buy" rating and set a $296.00 target price (up from $227.00) on shares of GE Aerospace in a research report on Monday, July 14th. Royal Bank Of Canada lifted their price objective on shares of GE Aerospace from $275.00 to $300.00 and gave the stock an "outperform" rating in a report on Friday, July 18th. Jefferies Financial Group increased their target price on GE Aerospace from $320.00 to $350.00 and gave the company a "buy" rating in a research note on Monday, September 22nd. Finally, Wells Fargo & Company lifted their price target on GE Aerospace from $34.00 to $38.00 in a research note 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. According to data from MarketBeat.com, GE Aerospace currently has an average rating of "Moderate Buy" and an average target price of $241.92.

GE Aerospace Trading Down 0.7%

Shares of GE stock opened at $297.40 on Monday. The business has a 50-day moving average of $280.65 and a 200 day moving average of $244.50. 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 has a 1-year low of $159.36 and a 1-year high of $307.25. The stock has a market capitalization of $315.38 billion, a PE ratio of 41.48, a P/E/G ratio of 3.20 and a beta of 1.49.

GE Aerospace (NYSE:GE - Get Free Report) last announced its quarterly earnings results on Thursday, July 17th. The company reported $1.66 EPS for the quarter, topping analysts' consensus estimates 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 quarterly revenue was up 21.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.20 EPS. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. As a group, sell-side analysts anticipate that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Monday, September 29th will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a 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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