Venture Visionary Partners LLC Sells 5,536 Shares of GE Aerospace $GE

Key Points

• Venture Visionary Partners LLC reduced its stake in GE Aerospace by 49.5%, selling 5,536 shares and leaving it with 5,644 shares valued at approximately $1.13 million.
• GE Aerospace reported earnings of $1.66 per share for the last quarter, exceeding estimates, with revenues reaching $10.15 billion, marking a 21.2% increase year-over-year.
• The company announced a quarterly dividend of $0.36, representing a 0.5% dividend yield, with a payout ratio of 20.08%.

Venture Visionary Partners LLC decreased its position in shares of GE Aerospace (NYSE:GE - Free Report) by 49.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,644 shares of the company's stock after selling 5,536 shares during the quarter. Venture Visionary Partners LLC's holdings in GE Aerospace were worth $1,130,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Putney Financial Group LLC bought a new stake in GE Aerospace during the fourth quarter worth about $28,000. IMA Advisory Services Inc. bought a new stake in GE Aerospace during the first quarter worth about $28,000. Copia Wealth Management lifted its position in GE Aerospace by 14,200.0% during the first quarter. Copia Wealth Management now owns 143 shares of the company's stock worth $29,000 after purchasing an additional 142 shares during the period. First Pacific Financial lifted its position in GE Aerospace by 46.0% during the first quarter. First Pacific Financial now owns 165 shares of the company's stock worth $33,000 after purchasing an additional 52 shares during the period. Finally, O Brien Wealth Partners LLC bought a new stake in GE Aerospace during the first quarter worth about $33,000. Institutional investors own 74.77% of the company's stock.

GE Aerospace Stock Performance

GE Aerospace stock opened at $266.9230 on Thursday. The business has a 50 day moving average of $258.69 and a 200-day moving average of $225.50. GE Aerospace has a 1 year low of $159.36 and a 1 year high of $281.50. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.04 and a quick ratio of 0.73. The company has a market capitalization of $283.06 billion, a P/E ratio of 37.23, a P/E/G ratio of 2.86 and a beta of 1.44.

GE Aerospace (NYSE:GE - Get Free Report) last released its quarterly earnings data on Thursday, July 17th. The company reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.23. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%.The company had revenue of $10.15 billion during the quarter, compared to the consensus estimate of $9.49 billion. During the same quarter in the prior year, the firm posted $1.20 earnings per share. 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. On average, equities research analysts predict that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Monday, July 7th were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 0.5%. GE Aerospace's dividend payout ratio is currently 20.08%.

Analyst Ratings Changes

Several research analysts have commented on the company. Wells Fargo & Company boosted their target price on GE Aerospace from $34.00 to $38.00 in a research note on Wednesday, July 23rd. Sanford C. Bernstein reissued an "outperform" rating on shares of GE Aerospace in a research note on Friday, August 15th. Citigroup reissued a "buy" rating and set a $296.00 target price (up previously from $227.00) on shares of GE Aerospace in a research note on Monday, July 14th. Wall Street Zen raised GE Aerospace from a "hold" rating to a "buy" rating in a research note on Friday, July 18th. Finally, Northcoast Research downgraded GE Aerospace from a "buy" rating to a "neutral" rating in a research note on Monday, May 19th. Ten analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $232.92.

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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