Fiduciary Alliance LLC Buys 1,292 Shares of GE Aerospace $GE

Key Points

• Fiduciary Alliance LLC increased its stake in GE Aerospace by 51.4%, acquiring a total of 3,807 shares valued at $980,000.
• Several investment firms have shown interest, with 74.77% of the stock now owned by institutional investors and hedge funds.
• Analysts are optimistic, with multiple firms raising their price targets, resulting in an average rating of "Moderate Buy" and a consensus price target of $232.92.

Fiduciary Alliance LLC raised its stake in shares of GE Aerospace (NYSE:GE - Free Report) by 51.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,807 shares of the company's stock after buying an additional 1,292 shares during the period. Fiduciary Alliance LLC's holdings in GE Aerospace were worth $980,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of GE. Vanguard Group Inc. grew its position in GE Aerospace by 0.8% during the first quarter. Vanguard Group Inc. now owns 90,507,442 shares of the company's stock worth $18,115,065,000 after buying an additional 692,124 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of GE Aerospace by 6.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 25,131,285 shares of the company's stock valued at $5,030,028,000 after acquiring an additional 1,492,486 shares during the last quarter. Invesco Ltd. raised its position in GE Aerospace by 0.6% in the 1st quarter. Invesco Ltd. now owns 9,599,522 shares of the company's stock worth $1,921,344,000 after purchasing an additional 54,765 shares during the last quarter. GQG Partners LLC bought a new position in GE Aerospace in the 1st quarter worth approximately $1,606,840,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in GE Aerospace by 6.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 7,676,180 shares of the company's stock worth $1,536,387,000 after purchasing an additional 491,207 shares during the last quarter. 74.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have commented on the stock. Barclays upped their target price on shares of GE Aerospace from $230.00 to $295.00 and gave the company an "overweight" rating in a research report on Wednesday, July 23rd. Citigroup reissued a "buy" rating and issued a $296.00 price target (up previously from $227.00) on shares of GE Aerospace in a report on Monday, July 14th. Wells Fargo & Company upped their target price on shares of GE Aerospace from $34.00 to $38.00 in a research note on Wednesday, July 23rd. Wall Street Zen downgraded shares of GE Aerospace from a "buy" rating to a "hold" rating in a research note on Sunday. Finally, Royal Bank Of Canada increased their price objective on shares of GE Aerospace from $275.00 to $300.00 and gave the stock an "outperform" rating in a research note on Friday, July 18th. Ten research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $232.92.

GE Aerospace Price Performance

GE Aerospace stock traded up $4.53 during mid-day trading on Friday, reaching $301.62. The company had a trading volume of 9,629,752 shares, compared to its average volume of 3,951,953. GE Aerospace has a fifty-two week low of $159.36 and a fifty-two week high of $303.03. The company has a current ratio of 1.04, a quick ratio of 0.73 and a debt-to-equity ratio of 0.88. The company has a market cap of $319.85 billion, a P/E ratio of 42.07, a P/E/G ratio of 3.24 and a beta of 1.48. The business has a fifty day simple moving average of $273.62 and a 200 day simple moving average of $237.10.

GE Aerospace (NYSE:GE - Get Free Report) last issued 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 company had revenue of $10.15 billion for the quarter, compared to analyst estimates of $9.49 billion. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. GE Aerospace's revenue was up 21.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.20 earnings per share. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. On average, equities research analysts predict that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Investors of record on Monday, September 29th will be paid a dividend of $0.36 per share. 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 currently 20.08%.

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.