Ullmann Wealth Partners Group LLC Takes $216,000 Position in GE Aerospace $GE

Key Points

• Ullmann Wealth Partners Group LLC has acquired a new stake in GE Aerospace, purchasing 840 shares valued at approximately $216,000.
• Barclays and Royal Bank Of Canada both increased their price targets for GE Aerospace, with Barclays setting it at $295.00 and RBC at $300.00, reflecting a strong outlook from analysts.
• GE Aerospace recently reported impressive quarterly results, beating earnings estimates with an EPS of $1.66 and setting FY 2025 guidance at 5.600-5.800 EPS.

Ullmann Wealth Partners Group LLC acquired a new stake in GE Aerospace (NYSE:GE - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 840 shares of the company's stock, valued at approximately $216,000.

Several other institutional investors and hedge funds also recently made changes to their positions in 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 during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings 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 valued at $5,030,028,000 after acquiring an additional 1,492,486 shares during the last quarter. Invesco Ltd. boosted its holdings in GE Aerospace by 0.6% in the first quarter. Invesco Ltd. now owns 9,599,522 shares of the company's stock valued at $1,921,344,000 after acquiring an additional 54,765 shares during the last quarter. GQG Partners LLC bought a new stake in GE Aerospace in the first quarter valued at approximately $1,606,840,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings 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 acquiring an additional 491,207 shares during the last quarter. Institutional investors and hedge funds own 74.77% of the company's stock.

Wall Street Analyst Weigh In

GE has been the topic of several analyst reports. Barclays upped their target price on GE Aerospace from $230.00 to $295.00 and gave the company an "overweight" rating in a report on Wednesday, July 23rd. Sanford C. Bernstein restated an "outperform" rating on shares of GE Aerospace in a report on Friday, August 15th. Royal Bank Of Canada increased their price target on GE Aerospace from $275.00 to $300.00 and gave the stock an "outperform" rating in a report on Friday, July 18th. Citigroup restated a "buy" rating and set a $296.00 price target (up from $227.00) on shares of GE Aerospace in a report on Monday, July 14th. Finally, Wells Fargo & Company increased their price target on GE Aerospace from $34.00 to $38.00 in a report on Wednesday, July 23rd. Ten analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $232.92.

GE Aerospace Trading Up 1.5%

NYSE GE opened at $301.62 on Friday. The firm has a market capitalization of $319.85 billion, a P/E ratio of 42.07, a PEG ratio of 3.24 and a beta of 1.48. The business has a fifty day simple moving average of $273.62 and a 200 day simple moving average of $237.10. 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.

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

GE Aerospace Dividend Announcement

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