Charles Schwab Trust Co Takes Position in GE Aerospace $GE

Key Points

• Charles Schwab Trust Co acquired 874 shares of GE Aerospace, valued at approximately $225,000, during the 2nd quarter, highlighting increased institutional interest in the stock.
• GE Aerospace reported $1.66 EPS for the quarter, surpassing estimates, with revenue of $10.15 billion, reflecting a year-over-year increase of 21.2%.
• The company declared a quarterly dividend of $0.36, with an annualized dividend of $1.44, indicating a 0.5% yield.

Charles Schwab Trust Co acquired a new position in shares of GE Aerospace (NYSE:GE - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 874 shares of the company's stock, valued at approximately $225,000.

Several other large investors have also recently bought and sold shares of the stock. IMA Advisory Services Inc. acquired a new stake in shares of GE Aerospace in the 1st quarter valued at $28,000. Copia Wealth Management increased its holdings in GE Aerospace by 14,200.0% in the 1st quarter. Copia Wealth Management now owns 143 shares of the company's stock worth $29,000 after acquiring an additional 142 shares during the last quarter. Nova Wealth Management Inc. bought a new position in shares of GE Aerospace in the first quarter worth approximately $29,000. Wealth Preservation Advisors LLC bought a new position in shares of GE Aerospace during the first quarter valued at approximately $30,000. Finally, O Brien Wealth Partners LLC purchased a new stake in shares of GE Aerospace in the first quarter worth $33,000. Institutional investors and hedge funds own 74.77% of the company's stock.

GE Aerospace Trading Down 0.7%

Shares of GE Aerospace stock opened at $294.97 on Friday. The company has a fifty day moving average of $277.26 and a 200 day moving average of $240.78. 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 company has a market capitalization of $312.80 billion, a P/E ratio of 41.14, a P/E/G ratio of 3.17 and a beta of 1.48. 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 posted its quarterly earnings results on Thursday, July 17th. The company reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.23. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. The business had revenue of $10.15 billion during the quarter, compared to analysts' expectations of $9.49 billion. During the same quarter in the prior year, the company posted $1.20 EPS. The business'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. On average, sell-side analysts anticipate that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Dividend Announcement

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

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on GE shares. Citigroup reissued a "buy" rating and set a $296.00 target price (up from $227.00) on shares of GE Aerospace in a research note on Monday, July 14th. Wall Street Zen cut GE Aerospace from a "buy" rating to a "hold" rating in a research report on Sunday, September 21st. Barclays boosted their price target on GE Aerospace from $230.00 to $295.00 and gave the company an "overweight" rating in a report on Wednesday, July 23rd. Wells Fargo & Company upped their price objective on GE Aerospace from $34.00 to $38.00 in a research note on Wednesday, July 23rd. Finally, UBS Group raised their price objective on shares of GE Aerospace from $300.00 to $321.00 and gave the company a "buy" rating in a research note on Friday, July 18th. Eleven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $241.92.

GE Aerospace Company 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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