Presilium Private Wealth LLC Takes $767,000 Position in GE Aerospace $GE

Key Points

• Presilium Private Wealth LLC has acquired a new position in GE Aerospace worth approximately $767,000, consisting of 2,978 shares, as reported in its recent 13F filing.
• Multiple institutional investors, including Vanguard Group Inc. and Price T Rowe Associates Inc., have increased their holdings in GE Aerospace, which is significantly owned by hedge funds and other institutions.
• Analysts have raised their price targets for GE Aerospace, with UBS Group estimating a target of $321.00 and TD Cowen increasing theirs to $330.00, signaling a mostly positive outlook on the stock.

Presilium Private Wealth LLC acquired a new position in shares of GE Aerospace (NYSE:GE - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 2,978 shares of the company's stock, valued at approximately $767,000.

A number of other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of GE Aerospace by 0.8% during the 1st 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 during the last quarter. Price T Rowe Associates Inc. MD grew its position in 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 worth $5,030,028,000 after acquiring an additional 1,492,486 shares during the period. Invesco Ltd. increased its stake in GE Aerospace by 0.6% during the first quarter. Invesco Ltd. now owns 9,599,522 shares of the company's stock worth $1,921,344,000 after acquiring an additional 54,765 shares during the last quarter. GQG Partners LLC purchased a new stake in GE Aerospace in the first quarter valued at $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 first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 7,676,180 shares of the company's stock valued at $1,536,387,000 after purchasing an additional 491,207 shares during the period. 74.77% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on GE shares. UBS Group raised their price objective on GE Aerospace from $300.00 to $321.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. TD Cowen increased their target price on shares of GE Aerospace from $300.00 to $330.00 and gave the stock a "buy" rating in a research note on Tuesday, October 7th. Royal Bank Of Canada boosted their price target on shares of GE Aerospace from $275.00 to $300.00 and gave the company an "outperform" rating in a research note on Friday, July 18th. The Goldman Sachs Group upped their price objective on shares of GE Aerospace from $271.00 to $305.00 and gave the stock a "buy" rating in a report on Friday. Finally, Wall Street Zen downgraded shares of GE Aerospace from a "buy" rating to a "hold" rating in a report on Sunday, September 21st. Fifteen research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, GE Aerospace has a consensus rating of "Moderate Buy" and a consensus target price of $264.50.

GE Aerospace Stock Down 2.5%

Shares of GE opened at $291.96 on Monday. The company's 50-day simple moving average is $283.44 and its 200-day simple moving average is $247.67. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.73 and a current ratio of 1.04. GE Aerospace has a 1 year low of $159.36 and a 1 year high of $307.25. The stock has a market capitalization of $309.61 billion, a PE ratio of 40.72, a P/E/G ratio of 3.14 and a beta of 1.49.

GE Aerospace (NYSE:GE - Get Free Report) last announced its 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. The firm had revenue of $10.15 billion for the quarter, compared to the consensus estimate of $9.49 billion. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. The firm'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 earned $1.20 EPS. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. Analysts forecast that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Monday, September 29th will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Monday, September 29th. 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.

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