Proficio Capital Partners LLC Invests $1.84 Million in GE Aerospace $GE

Key Points

• Proficio Capital Partners acquired 4,936 GE Aerospace shares worth approximately $1.84 million in the second quarter. Institutional investors and hedge funds collectively own 74.77% of the company.
• Analyst sentiment remains positive, with 16 Buy ratings, two Holds and one Sell; GE has a consensus “Moderate Buy” rating and an average price target of $390.59.
• GE Aerospace exceeded quarterly earnings and revenue expectations, reporting $2.02 EPS and $12.63 billion in revenue, while its shares opened at $335.76, down 2.0%.

Proficio Capital Partners LLC acquired a new stake in GE Aerospace (NYSE:GE - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 4,936 shares of the company's stock, valued at approximately $1,845,000.

A number of other institutional investors also recently modified their holdings of GE. Blueline Advisors LLC bought a new stake in GE Aerospace during the 4th quarter valued at $25,000. Ankerstar Wealth LLC bought a new position in shares of GE Aerospace in the fourth quarter valued at $31,000. Tucker Asset Management LLC acquired a new position in shares of GE Aerospace during the fourth quarter valued at about $32,000. Paladin Partners LLC acquired a new position in shares of GE Aerospace during the second quarter valued at about $38,000. Finally, Lifetime Wealth Management P.C. bought a new stake in shares of GE Aerospace during the fourth quarter worth about $40,000. 74.77% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at GE Aerospace

In related news, SVP Mohamed Ali sold 8,096 shares of the business's stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $353.71, for a total value of $2,863,636.16. Following the transaction, the senior vice president directly owned 20,666 shares of the company's stock, valued at approximately $7,309,770.86. The trade was a 28.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.19% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on GE. Weiss Ratings upgraded shares of GE Aerospace from a "buy (b-)" rating to a "buy (b)" rating in a report on Friday, July 17th. Sanford C. Bernstein set a $421.00 price target on GE Aerospace and gave the company an "outperform" rating in a research note on Thursday, July 23rd. Citigroup reissued a "buy" rating and set a $431.00 price objective (up from $353.00) on shares of GE Aerospace in a report on Wednesday, July 1st. Seaport Research Partners began coverage on GE Aerospace in a report on Tuesday, May 26th. They issued a "buy" rating and a $375.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a $450.00 target price on shares of GE Aerospace in a research report on Monday, July 27th. Sixteen equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $390.59.

GE Aerospace Trading Down 2.0%

NYSE:GE opened at $335.76 on Tuesday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.67 and a current ratio of 0.98. The firm has a market cap of $348.37 billion, a price-to-earnings ratio of 39.55, a price-to-earnings-growth ratio of 2.50 and a beta of 1.36. GE Aerospace has a 52 week low of $268.01 and a 52 week high of $388.84. The firm has a 50-day moving average price of $359.94 and a two-hundred day moving average price of $328.30.

GE Aerospace (NYSE:GE - Get Free Report) last announced its earnings results on Thursday, July 16th. The company reported $2.02 earnings per share for the quarter, topping analysts' consensus estimates of $1.86 by $0.16. The firm had revenue of $12.63 billion for the quarter, compared to the consensus estimate of $11.87 billion. GE Aerospace had a return on equity of 40.56% and a net margin of 17.72%.The company's revenue was up 21.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.66 EPS. GE Aerospace has set its FY 2026 guidance at 7.650-7.850 EPS. On average, equities analysts expect that GE Aerospace will post 7.91 earnings per share for the current fiscal year.

GE Aerospace Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, July 27th. Stockholders of record on Monday, July 6th were paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Monday, July 6th. GE Aerospace's payout ratio is presently 22.14%.

About GE Aerospace

GE Aerospace NYSE: GE is the aerospace business of General Electric, focused on the design, manufacture and support of aircraft engines, integrated propulsion systems and related aftermarket services. The company serves commercial airlines, airframers, business and general aviation operators, and defense customers, providing propulsion solutions for a broad range of aircraft types from single‑aisle airliners to widebody and military platforms.

Its product portfolio includes a family of commercial and military jet engines as well as spare parts, components and systems engineering.

Want to see what other hedge funds are holding GE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for GE Aerospace (NYSE:GE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.