Sequoia Financial Advisors LLC Increases Holdings in GE Aerospace $GE

Key Points

• Sequoia Financial Advisors LLC increased its holdings in GE Aerospace by 3.7% in the second quarter, owning 76,260 shares worth approximately $19.6 million.
• Analyst ratings for GE Aerospace are mixed, with Zacks downgrading the stock to a "hold", while Goldman Sachs and Jefferies raised their target prices, maintaining a "buy" rating.
• GE Aerospace recently announced a quarterly dividend of $0.36 per share, representing a 0.5% dividend yield, with the ex-dividend date on September 29th.

Sequoia Financial Advisors LLC grew its holdings in shares of GE Aerospace (NYSE:GE - Free Report) by 3.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 76,260 shares of the company's stock after purchasing an additional 2,700 shares during the quarter. Sequoia Financial Advisors LLC's holdings in GE Aerospace were worth $19,629,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in GE. Old North State Wealth Management LLC grew its stake in shares of GE Aerospace by 1.9% during the 2nd quarter. Old North State Wealth Management LLC now owns 2,101 shares of the company's stock worth $542,000 after acquiring an additional 39 shares during the period. Stephens Consulting LLC grew its stake in shares of GE Aerospace by 18.0% during the 2nd quarter. Stephens Consulting LLC now owns 256 shares of the company's stock worth $66,000 after acquiring an additional 39 shares during the period. Webster Bank N. A. grew its stake in shares of GE Aerospace by 2.1% during the 2nd quarter. Webster Bank N. A. now owns 1,970 shares of the company's stock worth $507,000 after acquiring an additional 41 shares during the period. Pacific Sage Partners LLC boosted its stake in GE Aerospace by 3.5% in the 2nd quarter. Pacific Sage Partners LLC now owns 1,220 shares of the company's stock worth $314,000 after purchasing an additional 41 shares during the period. Finally, Ascent Capital Management LLC boosted its stake in GE Aerospace by 1.9% in the 2nd quarter. Ascent Capital Management LLC now owns 2,273 shares of the company's stock worth $585,000 after purchasing an additional 42 shares during the period. 74.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

GE has been the subject of several analyst reports. Zacks Research downgraded GE Aerospace from a "strong-buy" rating to a "hold" rating in a research note on Friday, September 26th. Wall Street Zen downgraded GE Aerospace from a "buy" rating to a "hold" rating in a research note on Sunday, September 21st. The Goldman Sachs Group raised their target price on GE Aerospace from $271.00 to $305.00 and gave the stock a "buy" rating in a research note on Friday. Jefferies Financial Group raised their target price on GE Aerospace from $320.00 to $350.00 and gave the stock a "buy" rating in a research note on Monday, September 22nd. Finally, Sanford C. Bernstein restated an "outperform" rating on shares of GE Aerospace in a research note on Friday, August 15th. Fifteen equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $264.50.

GE Aerospace Stock Performance

Shares of GE opened at $291.96 on Monday. The company has a market cap of $309.61 billion, a PE ratio of 40.72, a price-to-earnings-growth ratio of 3.14 and a beta of 1.49. 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 stock has a 50-day moving average price of $283.44 and a 200-day moving average price of $247.67. GE Aerospace has a 12-month low of $159.36 and a 12-month high of $307.25.

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

GE Aerospace Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Investors 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 of this dividend is Monday, September 29th. GE Aerospace's dividend payout ratio (DPR) is currently 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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