Jones Financial Companies Lllp Sells 25,094 Shares of GE Aerospace $GE

Jones Financial Companies Lllp lowered its position in GE Aerospace (NYSE:GE - Free Report) by 68.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,482 shares of the company's stock after selling 25,094 shares during the period. Jones Financial Companies Lllp's holdings in GE Aerospace were worth $2,298,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of GE. Dynamic Technology Lab Private Ltd bought a new stake in shares of GE Aerospace during the 1st quarter worth approximately $1,555,000. Temasek Holdings Private Ltd increased its stake in GE Aerospace by 34.3% in the first quarter. Temasek Holdings Private Ltd now owns 406,126 shares of the company's stock worth $81,286,000 after purchasing an additional 103,800 shares during the period. UniSuper Management Pty Ltd lifted its position in shares of GE Aerospace by 2.5% during the first quarter. UniSuper Management Pty Ltd now owns 66,173 shares of the company's stock worth $13,245,000 after purchasing an additional 1,616 shares during the last quarter. Raab & Moskowitz Asset Management LLC boosted its stake in shares of GE Aerospace by 6.2% during the first quarter. Raab & Moskowitz Asset Management LLC now owns 1,472 shares of the company's stock valued at $295,000 after purchasing an additional 86 shares during the period. Finally, Rise Advisors LLC grew its holdings in shares of GE Aerospace by 13.0% in the first quarter. Rise Advisors LLC now owns 876 shares of the company's stock worth $175,000 after purchasing an additional 101 shares during the last quarter. Institutional investors own 74.77% of the company's stock.

GE Aerospace Price Performance

NYSE GE opened at $281.75 on Friday. The firm's 50 day moving average price is $268.63 and its 200-day moving average price is $233.13. 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 company has a market cap of $298.78 billion, a PE ratio of 39.30, a P/E/G ratio of 3.05 and a beta of 1.48. GE Aerospace has a 52-week low of $159.36 and a 52-week high of $286.91.

GE Aerospace (NYSE:GE - Get Free Report) last announced its quarterly earnings results on Thursday, July 17th. The company reported $1.66 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.43 by $0.23. The business had revenue of $10.15 billion for the quarter, compared to the consensus estimate of $9.49 billion. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%.The business's revenue was up 21.2% compared to the same quarter last year. During the same period last year, the business posted $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 EPS for the current fiscal year.

GE Aerospace Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Investors of record on Monday, July 7th were paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Monday, July 7th. GE Aerospace's payout ratio is 20.08%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on GE shares. Barclays lifted their price objective on shares of GE Aerospace from $230.00 to $295.00 and gave the company an "overweight" rating in a report on Wednesday, July 23rd. UBS Group raised their target price on shares of GE Aerospace from $300.00 to $321.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Wall Street Zen lowered GE Aerospace from a "buy" rating to a "hold" rating in a report on Saturday, August 30th. Northcoast Research cut GE Aerospace from a "buy" rating to a "neutral" rating in a research note on Monday, May 19th. Finally, Wells Fargo & Company lifted their target price on GE Aerospace from $34.00 to $38.00 in a research report on Wednesday, July 23rd. Ten investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $232.92.

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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