Sapient Capital LLC Sells 3,420 Shares of GE Aerospace $GE

Sapient Capital LLC decreased its holdings in GE Aerospace (NYSE:GE - Free Report) by 2.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 165,308 shares of the company's stock after selling 3,420 shares during the period. GE Aerospace accounts for about 0.8% of Sapient Capital LLC's portfolio, making the stock its 27th biggest holding. Sapient Capital LLC's holdings in GE Aerospace were worth $42,549,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Putney Financial Group LLC bought a new stake in shares of GE Aerospace during the fourth quarter valued at approximately $28,000. IMA Advisory Services Inc. purchased a new position in GE Aerospace during the first quarter valued at $28,000. Copia Wealth Management increased its holdings in GE Aerospace by 14,200.0% in the 1st quarter. Copia Wealth Management now owns 143 shares of the company's stock valued at $29,000 after acquiring an additional 142 shares during the last quarter. Nova Wealth Management Inc. purchased a new stake in GE Aerospace in the 1st quarter worth $29,000. Finally, Wealth Preservation Advisors LLC purchased a new stake in GE Aerospace in the 1st quarter worth $30,000. Institutional investors own 74.77% of the company's stock.

Wall Street Analysts Forecast Growth

GE has been the topic of several research reports. Wall Street Zen raised GE Aerospace from a "hold" rating to a "buy" rating in a report on Saturday. UBS Group raised their price target on GE Aerospace from $300.00 to $321.00 and gave the company a "buy" rating in a report on Friday, July 18th. Royal Bank Of Canada upped their price objective on GE Aerospace from $275.00 to $300.00 and gave the stock an "outperform" rating in a report on Friday, July 18th. Wells Fargo & Company raised their target price on shares of GE Aerospace from $34.00 to $38.00 in a report on Wednesday, July 23rd. Finally, Barclays boosted their price target on shares of GE Aerospace from $230.00 to $295.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. Ten research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, GE Aerospace presently has an average rating of "Moderate Buy" and a consensus price target of $232.92.

GE Aerospace Stock Up 2.2%

Shares of GE opened at $293.01 on Wednesday. The firm has a fifty day moving average price of $271.00 and a 200-day moving average price of $235.11. The company has a current ratio of 1.04, a quick ratio of 0.73 and a debt-to-equity ratio of 0.88. The firm has a market capitalization of $310.72 billion, a P/E ratio of 40.87, a P/E/G ratio of 3.09 and a beta of 1.48. GE Aerospace has a 12-month low of $159.36 and a 12-month high of $294.74.

GE Aerospace (NYSE:GE - Get Free Report) last posted its quarterly earnings results on Thursday, July 17th. The company reported $1.66 EPS for the quarter, topping the consensus estimate of $1.43 by $0.23. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. The company had revenue of $10.15 billion for the quarter, compared to the consensus estimate of $9.49 billion. During the same quarter last year, the firm posted $1.20 EPS. The firm's revenue was up 21.2% compared to the same quarter last year. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. Equities research analysts expect that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Announces Dividend

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

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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