ZWJ Investment Counsel Inc. Grows Position in GE Aerospace $GE

Key Points

• ZWJ Investment Counsel Inc. increased its holdings in GE Aerospace by 2.2%, owning 44,832 shares worth approximately $11.54 million as of the latest SEC filing.
• Analysts have mixed views on GE Aerospace, with Jefferies lifting the target price to $350 and Wells Fargo adjusting it to $38, while Wall Street Zen downgraded it to a "hold" rating.
• The company recently announced a quarterly dividend of $0.36 per share with an annual yield of 0.5%, payable on October 27th to investors of record on September 29th.

ZWJ Investment Counsel Inc. increased its position in shares of GE Aerospace (NYSE:GE - Free Report) by 2.2% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 44,832 shares of the company's stock after buying an additional 965 shares during the quarter. ZWJ Investment Counsel Inc.'s holdings in GE Aerospace were worth $11,539,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in GE. Brighton Jones LLC grew its stake in GE Aerospace by 25.3% during the 4th quarter. Brighton Jones LLC now owns 12,008 shares of the company's stock worth $2,003,000 after buying an additional 2,421 shares during the last quarter. Revolve Wealth Partners LLC grew its stake in GE Aerospace by 7.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 2,251 shares of the company's stock worth $375,000 after buying an additional 150 shares during the last quarter. Matrix Trust Co purchased a new position in GE Aerospace during the 1st quarter worth approximately $221,000. Beacon Financial Group purchased a new position in GE Aerospace during the 1st quarter worth approximately $219,000. Finally, Gilman Hill Asset Management LLC purchased a new position in GE Aerospace during the 1st quarter worth approximately $222,000. Hedge funds and other institutional investors own 74.77% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on GE. Jefferies Financial Group lifted their target price on GE Aerospace from $320.00 to $350.00 and gave the company a "buy" rating in a research note on Monday, September 22nd. Wall Street Zen downgraded GE Aerospace from a "buy" rating to a "hold" rating in a research note on Sunday, September 21st. Wells Fargo & Company lifted their target price on GE Aerospace from $34.00 to $38.00 in a research note on Wednesday, July 23rd. Weiss Ratings reiterated a "buy (b)" rating on shares of GE Aerospace in a research note on Saturday, September 27th. Finally, UBS Group lifted their target price on GE Aerospace from $300.00 to $321.00 and gave the company a "buy" rating in a research note on Friday, July 18th. Twelve analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $241.92.

GE Aerospace Stock Down 0.7%

GE opened at $297.40 on Friday. 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 business has a 50 day simple moving average of $280.65 and a 200-day simple moving average of $243.95. The stock has a market capitalization of $315.38 billion, a P/E ratio of 41.48, a P/E/G ratio of 3.22 and a beta of 1.49. 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 posted its quarterly earnings results on Thursday, July 17th. The company reported $1.66 EPS for the quarter, beating the consensus estimate of $1.43 by $0.23. The business had revenue of $10.15 billion during 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%.The company's quarterly revenue was up 21.2% compared to the same quarter last year. During the same period last year, the firm earned $1.20 EPS. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. On average, equities analysts anticipate that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Dividend Announcement

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. The ex-dividend date of this dividend is Monday, September 29th. This represents a $1.44 annualized dividend and a yield of 0.5%. GE Aerospace's payout ratio is currently 20.08%.

About GE Aerospace

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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