Town & Country Bank & Trust CO dba First Bankers Trust CO Acquires 2,400 Shares of GE Aerospace $GE

Key Points

• Town & Country Bank & Trust CO increased its holdings in GE Aerospace by 39.1%, now owning 8,540 shares worth approximately $2.2 million after purchasing an additional 2,400 shares.
• Several institutional investors, including Vanguard Group Inc. and Price T Rowe Associates Inc., have also boosted their stakes in GE Aerospace, reflecting strong interest in the company.
• GE Aerospace recently announced a quarterly dividend of $0.36 per share, which translates to an annualized dividend yield of 0.5%, set to be paid on October 27th to stockholders of record by September 29th.

Town & Country Bank & Trust CO dba First Bankers Trust CO boosted its holdings in shares of GE Aerospace (NYSE:GE - Free Report) by 39.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,540 shares of the company's stock after purchasing an additional 2,400 shares during the period. Town & Country Bank & Trust CO dba First Bankers Trust CO's holdings in GE Aerospace were worth $2,198,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of GE. Vanguard Group Inc. boosted its holdings in GE Aerospace by 0.8% in the first quarter. Vanguard Group Inc. now owns 90,507,442 shares of the company's stock valued at $18,115,065,000 after acquiring an additional 692,124 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of GE Aerospace by 6.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 25,131,285 shares of the company's stock worth $5,030,028,000 after purchasing an additional 1,492,486 shares during the period. Invesco Ltd. boosted its stake in shares of GE Aerospace by 0.6% during the 1st quarter. Invesco Ltd. now owns 9,599,522 shares of the company's stock valued at $1,921,344,000 after purchasing an additional 54,765 shares in the last quarter. GQG Partners LLC purchased a new position in shares of GE Aerospace during the first quarter valued at about $1,606,840,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of GE Aerospace by 6.8% during 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 buying an additional 491,207 shares during the period. Hedge funds and other institutional investors own 74.77% of the company's stock.

Analyst Ratings Changes

GE has been the subject of several research analyst reports. Wells Fargo & Company raised their price objective on shares of GE Aerospace from $34.00 to $38.00 in a report on Wednesday, July 23rd. Barclays increased their target price on GE Aerospace from $230.00 to $295.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. Wall Street Zen lowered GE Aerospace from a "buy" rating to a "hold" rating in a research report on Sunday. Royal Bank Of Canada increased 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. Finally, Sanford C. Bernstein restated an "outperform" rating on shares of GE Aerospace in a report on Friday, August 15th. Eleven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, GE Aerospace currently has a consensus rating of "Moderate Buy" and an average target price of $241.92.

GE Aerospace Trading Down 0.1%

NYSE GE opened at $300.91 on Tuesday. GE Aerospace has a 12 month low of $159.36 and a 12 month high of $303.03. 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's fifty day moving average price is $274.39 and its 200-day moving average price is $238.13. The stock has a market cap of $319.09 billion, a P/E ratio of 41.97, a P/E/G ratio of 3.24 and a beta of 1.48.

GE Aerospace (NYSE:GE - Get Free Report) last announced its quarterly earnings results on Thursday, July 17th. The company reported $1.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $9.49 billion. During the same quarter in the previous year, the business posted $1.20 EPS. GE Aerospace'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. As a group, equities analysts forecast that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Announces Dividend

The company also recently announced 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 is currently 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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