Kingswood Wealth Advisors LLC Lowers Stock Position in GE Aerospace $GE

Key Points

• Kingswood Wealth Advisors LLC has reduced its stake in GE Aerospace by 55.4%, now owning 7,664 shares valued at approximately $1.97 million.
• GE Aerospace reported an earnings per share (EPS) of $1.66 for the last quarter, exceeding analyst expectations and showing 21.2% year-over-year revenue growth.
• The company has announced a quarterly dividend of $0.36 per share, with a scheduled payment date of October 27th, representing a dividend yield of 0.5%.

Kingswood Wealth Advisors LLC decreased its position in shares of GE Aerospace (NYSE:GE - Free Report) by 55.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,664 shares of the company's stock after selling 9,508 shares during the quarter. Kingswood Wealth Advisors LLC's holdings in GE Aerospace were worth $1,973,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of GE. IMA Advisory Services Inc. purchased a new stake in shares of GE Aerospace during the 1st quarter worth approximately $28,000. Copia Wealth Management boosted its stake in shares of GE Aerospace by 14,200.0% during the 1st quarter. Copia Wealth Management now owns 143 shares of the company's stock worth $29,000 after acquiring an additional 142 shares in the last quarter. Nova Wealth Management Inc. purchased a new stake in shares of GE Aerospace during the 1st quarter worth approximately $29,000. Wealth Preservation Advisors LLC purchased a new stake in shares of GE Aerospace during the 1st quarter worth approximately $30,000. Finally, First Pacific Financial boosted its stake in shares of GE Aerospace by 46.0% during the 1st quarter. First Pacific Financial now owns 165 shares of the company's stock worth $33,000 after acquiring an additional 52 shares in the last quarter. Hedge funds and other institutional investors own 74.77% of the company's stock.

GE Aerospace Trading Up 1.3%

GE stock opened at $302.12 on Wednesday. The company has a market cap of $320.37 billion, a price-to-earnings ratio of 42.14, a PEG ratio of 3.21 and a beta of 1.49. The company has a quick ratio of 0.73, a current ratio of 1.04 and a debt-to-equity ratio of 0.88. The business has a fifty day simple moving average of $281.84 and a 200-day simple moving average of $245.55. GE Aerospace has a 52 week low of $159.36 and a 52 week high of $307.25.

GE Aerospace (NYSE:GE - Get Free Report) last released its quarterly earnings data on Thursday, July 17th. The company reported $1.66 EPS for the quarter, topping analysts' consensus estimates of $1.43 by $0.23. The business had revenue of $10.15 billion during 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 for the quarter was up 21.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.20 EPS. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. On average, equities research analysts expect that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Monday, September 29th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Monday, September 29th. GE Aerospace's dividend payout ratio is presently 20.08%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on GE shares. UBS Group boosted their price target on GE Aerospace from $300.00 to $321.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. Royal Bank Of Canada lifted their price objective on GE Aerospace from $275.00 to $300.00 and gave the stock an "outperform" rating in a research report on Friday, July 18th. Zacks Research downgraded GE Aerospace from a "strong-buy" rating to a "hold" rating in a research report on Friday, September 26th. Barclays lifted their price objective on GE Aerospace from $230.00 to $295.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. Finally, Weiss Ratings restated a "buy (b)" rating on shares of GE Aerospace in a research report on Saturday, September 27th. Twelve analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, GE Aerospace presently has an average rating of "Moderate Buy" and an average target price of $241.92.

GE Aerospace Company 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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