Chung Wu Investment Group LLC Sells 895 Shares of GE Aerospace $GE

Key Points

• Chung Wu Investment Group LLC reduced its stake in GE Aerospace by 21.0%, selling 895 shares and now holding 3,370 shares valued at $867,000.
• GE Aerospace reported better-than-expected earnings with an EPS of $1.66, surpassing analysts' estimates of $1.43, and a revenue increase of 21.2% year-over-year.
• The company declared a quarterly dividend of $0.36 per share, set to be paid on October 27th, representing an annualized yield of 0.5%.

Chung Wu Investment Group LLC trimmed its position in shares of GE Aerospace (NYSE:GE - Free Report) by 21.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,370 shares of the company's stock after selling 895 shares during the quarter. GE Aerospace accounts for approximately 0.9% of Chung Wu Investment Group LLC's portfolio, making the stock its 26th largest holding. Chung Wu Investment Group LLC's holdings in GE Aerospace were worth $867,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC grew its holdings in shares of GE Aerospace by 25.3% in the fourth quarter. Brighton Jones LLC now owns 12,008 shares of the company's stock valued at $2,003,000 after acquiring an additional 2,421 shares in the last quarter. Revolve Wealth Partners LLC lifted its position in shares of GE Aerospace by 7.1% during the 4th 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 last quarter. Procyon Advisors LLC lifted its holdings in GE Aerospace by 32.9% during the first quarter. Procyon Advisors LLC now owns 2,992 shares of the company's stock valued at $599,000 after purchasing an additional 741 shares during the last quarter. Impact Capital Partners LLC boosted 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 purchasing an additional 771 shares during the period. Finally, Sivia Capital Partners LLC increased its stake in shares of GE Aerospace by 68.2% in the first quarter. Sivia Capital Partners LLC now owns 4,146 shares of the company's stock worth $830,000 after purchasing an additional 1,681 shares in the last quarter. Hedge funds and other institutional investors own 74.77% of the company's stock.

GE Aerospace Trading Down 0.7%

Shares of GE opened at $297.40 on Monday. GE Aerospace has a 1-year low of $159.36 and a 1-year high of $307.25. The company has a market capitalization of $315.38 billion, a P/E ratio of 41.48, a P/E/G ratio of 3.20 and a beta of 1.49. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.04 and a quick ratio of 0.73. The firm's 50 day simple moving average is $280.65 and its 200 day simple moving average is $244.50.

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

GE Aerospace Dividend Announcement

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 paid 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 payout ratio is 20.08%.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Weiss Ratings restated a "buy (b)" rating on shares of GE Aerospace in a research note on Saturday, September 27th. Barclays increased their target price on GE Aerospace from $230.00 to $295.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. UBS Group raised their price target on GE Aerospace from $300.00 to $321.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Royal Bank Of Canada lifted their price target on GE Aerospace from $275.00 to $300.00 and gave the company an "outperform" rating in a research report on Friday, July 18th. Finally, Wall Street Zen cut GE Aerospace from a "buy" rating to a "hold" rating in a report on Sunday, September 21st. Twelve investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price 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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