Cora Capital Advisors LLC Invests $308,000 in GE Aerospace $GE

Key Points

• Cora Capital Advisors LLC acquired a new position in GE Aerospace, purchasing 1,197 shares valued at approximately $308,000 during Q2.
• GE Aerospace reported a 21.2% increase in revenue year-over-year, achieving $10.15 billion with an EPS of $1.66, exceeding estimates.
• The company announced a quarterly dividend of $0.36 per share to be paid on October 27th, with a current dividend yield of 0.5%.

Cora Capital Advisors LLC bought a new position in GE Aerospace (NYSE:GE - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,197 shares of the company's stock, valued at approximately $308,000.

A number of other institutional investors and hedge funds also recently modified their holdings of GE. GQG Partners LLC purchased a new stake in GE Aerospace during the first quarter valued at about $1,606,840,000. GAMMA Investing LLC raised its holdings in shares of GE Aerospace by 23,611.7% during the first quarter. GAMMA Investing LLC now owns 5,065,997 shares of the company's stock valued at $1,013,959,000 after acquiring an additional 5,044,632 shares during the period. Nuveen LLC purchased a new stake in shares of GE Aerospace in the 1st quarter valued at approximately $777,075,000. Amundi lifted its position in shares of GE Aerospace by 124.0% in the 1st quarter. Amundi now owns 3,200,479 shares of the company's stock valued at $600,506,000 after acquiring an additional 1,771,944 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in GE Aerospace by 6.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 25,131,285 shares of the company's stock worth $5,030,028,000 after purchasing an additional 1,492,486 shares during the period. 74.77% of the stock is owned by institutional investors and hedge funds.

GE Aerospace Price Performance

GE opened at $300.56 on Thursday. The stock has a fifty day moving average price of $275.89 and a 200 day moving average price of $239.03. The company has a current ratio of 1.04, a quick ratio of 0.73 and a debt-to-equity ratio of 0.88. GE Aerospace has a 1 year low of $159.36 and a 1 year high of $307.25. The stock has a market cap of $318.73 billion, a price-to-earnings ratio of 41.92, a PEG ratio of 3.29 and a beta of 1.48.

GE Aerospace (NYSE:GE - Get Free Report) last issued its 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. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%.The company had revenue of $10.15 billion for the quarter, compared to analyst estimates of $9.49 billion. During the same period in the prior year, the firm posted $1.20 EPS. The business's revenue was up 21.2% compared to the same quarter last year. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. Analysts forecast that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Investors of record on Monday, September 29th will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend 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 presently 20.08%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on GE shares. Barclays increased their target price on GE Aerospace from $230.00 to $295.00 and gave the company an "overweight" rating in a report on Wednesday, July 23rd. Royal Bank Of Canada increased their price objective on GE Aerospace from $275.00 to $300.00 and gave the stock an "outperform" rating in a research note on Friday, July 18th. Wells Fargo & Company raised their price objective on GE Aerospace from $34.00 to $38.00 in a research report on Wednesday, July 23rd. Citigroup reiterated a "buy" rating and issued a $296.00 target price (up previously from $227.00) on shares of GE Aerospace in a report on Monday, July 14th. Finally, UBS Group raised their price target on shares of GE Aerospace from $300.00 to $321.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Eleven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, GE Aerospace has a consensus rating of "Moderate Buy" and an average price target of $241.92.

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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