Global Assets Advisory LLC Sells 5,347 Shares of GE Aerospace $GE

Key Points

• Global Assets Advisory LLC reduced its stake in GE Aerospace by 36.3%, selling 5,347 shares during the 2nd quarter, leaving it with 9,363 shares valued at approximately $2.33 million.
• Analysts have issued favorable ratings, with UBS raising the price target from $300 to $321 and Citigroup increasing its target from $227 to $296, indicating a strong outlook for GE Aerospace.
• GE Aerospace announced a quarterly dividend of $0.36 per share to be paid on October 27th, representing an annual yield of 0.5%.

Global Assets Advisory LLC reduced its stake in shares of GE Aerospace (NYSE:GE - Free Report) by 36.3% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 9,363 shares of the company's stock after selling 5,347 shares during the period. GE Aerospace makes up approximately 0.9% of Global Assets Advisory LLC's holdings, making the stock its 21st biggest holding. Global Assets Advisory LLC's holdings in GE Aerospace were worth $2,332,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of GE. JSF Financial LLC acquired a new position in shares of GE Aerospace in the second quarter valued at approximately $241,000. Merit Financial Group LLC lifted its position in GE Aerospace by 54.6% in the 2nd quarter. Merit Financial Group LLC now owns 70,494 shares of the company's stock valued at $18,144,000 after acquiring an additional 24,885 shares in the last quarter. Fortitude Advisory Group L.L.C. lifted its position in GE Aerospace by 3.6% in the 2nd quarter. Fortitude Advisory Group L.L.C. now owns 2,142 shares of the company's stock valued at $551,000 after acquiring an additional 74 shares in the last quarter. Beacon Financial Advisory LLC boosted its stake in GE Aerospace by 84.6% in the 2nd quarter. Beacon Financial Advisory LLC now owns 3,377 shares of the company's stock worth $869,000 after purchasing an additional 1,548 shares during the period. Finally, Simplicity Wealth LLC increased its holdings in GE Aerospace by 138.1% during the 2nd quarter. Simplicity Wealth LLC now owns 6,596 shares of the company's stock worth $1,698,000 after purchasing an additional 3,826 shares in the last quarter. Institutional investors own 74.77% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. UBS Group lifted their price target on GE Aerospace from $300.00 to $321.00 and gave the company a "buy" rating in a research note on Friday, July 18th. Weiss Ratings reissued a "buy (b)" rating on shares of GE Aerospace in a research report on Saturday, September 27th. Sanford C. Bernstein restated an "outperform" rating on shares of GE Aerospace in a research note on Friday, August 15th. Citigroup reaffirmed a "buy" rating and set a $296.00 price target (up previously from $227.00) on shares of GE Aerospace in a research report on Monday, July 14th. Finally, Royal Bank Of Canada lifted their price objective on shares of GE Aerospace from $275.00 to $300.00 and gave the company an "outperform" rating in a report on Friday, July 18th. 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 MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $241.92.

GE Aerospace Stock Performance

GE opened at $297.40 on Monday. The business's 50-day simple moving average is $280.65 and its 200 day simple moving average is $244.50. GE Aerospace has a 52-week low of $159.36 and a 52-week high of $307.25. 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 firm has a market capitalization of $315.38 billion, a PE ratio of 41.48, a PEG ratio of 3.20 and a beta of 1.49.

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, 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 firm had revenue of $10.15 billion for the quarter, compared to analyst estimates of $9.49 billion. During the same quarter in the previous year, the firm earned $1.20 EPS. The business's quarterly revenue was up 21.2% on a year-over-year basis. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. As a group, sell-side analysts expect 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 $0.36 dividend. The ex-dividend date is Monday, September 29th. This represents a $1.44 dividend on an annualized basis and a yield of 0.5%. 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.

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