Global Endowment Management LP Sells 5,081 Shares of GE Aerospace $GE

Key Points

• Global Endowment Management LP has reduced its stake in GE Aerospace by 61.8%, selling 5,081 shares and bringing its holdings down to 3,142 shares valued at approximately $629,000.
• GE Aerospace reported $1.66 EPS for the last quarter, surpassing analysts' expectations of $1.43, and achieved a 21.2% year-over-year revenue increase to $10.15 billion.
• The company declared a quarterly dividend of $0.36 per share, equating to an annualized yield of 0.5% and a dividend payout ratio of 20.08%.

Global Endowment Management LP trimmed its stake in GE Aerospace (NYSE:GE - Free Report) by 61.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,142 shares of the company's stock after selling 5,081 shares during the period. Global Endowment Management LP's holdings in GE Aerospace were worth $629,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Putney Financial Group LLC purchased a new stake in GE Aerospace during the fourth quarter valued at about $28,000. IMA Advisory Services Inc. purchased a new position in shares of GE Aerospace in the first quarter worth $28,000. Copia Wealth Management increased its stake in shares of GE Aerospace by 14,200.0% in the first quarter. Copia Wealth Management now owns 143 shares of the company's stock worth $29,000 after buying an additional 142 shares during the period. First Pacific Financial boosted its position in GE Aerospace by 46.0% during the 1st quarter. First Pacific Financial now owns 165 shares of the company's stock valued at $33,000 after buying an additional 52 shares during the period. Finally, O Brien Wealth Partners LLC bought a new stake in GE Aerospace in the 1st quarter worth $33,000. 74.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

GE has been the subject of a number of analyst reports. Citigroup reiterated a "buy" rating and set a $296.00 target price (up from $227.00) on shares of GE Aerospace in a report on Monday, July 14th. Royal Bank Of Canada raised their price objective on GE Aerospace from $275.00 to $300.00 and gave the company an "outperform" rating in a research report on Friday, July 18th. Northcoast Research downgraded shares of GE Aerospace from a "buy" rating to a "neutral" rating in a research report on Monday, May 19th. Wells Fargo & Company lifted their price target on shares of GE Aerospace from $34.00 to $38.00 in a research report on Wednesday, July 23rd. Finally, Sanford C. Bernstein reissued an "outperform" rating on shares of GE Aerospace in a research note on Friday. Ten analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, GE Aerospace currently has an average rating of "Moderate Buy" and a consensus target price of $232.92.

GE Aerospace Stock Performance

Shares of GE stock traded down $2.7310 during trading hours on Tuesday, reaching $265.7190. The company had a trading volume of 3,372,205 shares, compared to its average volume of 6,034,910. 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 business has a fifty day moving average price of $257.78 and a 200-day moving average price of $224.93. GE Aerospace has a one year low of $159.36 and a one year high of $281.50. The firm has a market cap of $281.78 billion, a PE ratio of 37.06, a price-to-earnings-growth ratio of 2.88 and a beta of 1.44.

GE Aerospace (NYSE:GE - Get Free Report) last released 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. The firm had revenue of $10.15 billion for the quarter, compared to analysts' expectations of $9.49 billion. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%.The company's revenue was up 21.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.20 EPS. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. Sell-side analysts predict that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Monday, July 7th were issued a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 0.5%. GE Aerospace's dividend payout ratio (DPR) is presently 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.