Orca Wealth Management LLC Sells 93 Shares of GE Aerospace $GE

Orca Wealth Management LLC reduced its stake in shares of GE Aerospace (NYSE:GE) by 8.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 947 shares of the company’s stock after selling 93 shares during the quarter. Orca Wealth Management LLC’s holdings in GE Aerospace were worth $244,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of GE. IMA Advisory Services Inc. purchased a new stake in shares of GE Aerospace during the first quarter worth about $28,000. Copia Wealth Management boosted its holdings in shares of 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. Nova Wealth Management Inc. purchased a new stake in shares of GE Aerospace during the first quarter worth about $29,000. Wealth Preservation Advisors LLC purchased a new stake in shares of GE Aerospace during the first quarter worth about $30,000. Finally, First Pacific Financial boosted its holdings in shares of 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. 74.77% of the stock is owned by institutional investors.

GE Aerospace Price Performance

Shares of NYSE GE opened at $297.40 on Friday. GE Aerospace has a twelve month low of $159.36 and a twelve month high of $307.25. The firm has a market cap of $315.38 billion, a P/E ratio of 41.48, a PEG ratio of 3.20 and a beta of 1.49. The company has a 50 day moving average of $280.65 and a 200 day moving average of $244.21. The company has a quick ratio of 0.73, a current ratio of 1.04 and a debt-to-equity ratio of 0.88.

GE Aerospace (NYSE:GE) last announced its quarterly earnings data on Thursday, July 17th. The company reported $1.66 earnings per share 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 during the quarter, compared to analyst estimates of $9.49 billion. During the same period in the previous year, the business earned $1.20 EPS. The firm’s revenue for the quarter was up 21.2% on a year-over-year basis. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. As a group, research analysts expect that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Monday, September 29th will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Monday, September 29th. GE Aerospace’s payout ratio is 20.08%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on GE. Wall Street Zen lowered shares of GE Aerospace from a “buy” rating to a “hold” rating in a report on Sunday, September 21st. Royal Bank Of Canada raised their price objective on shares of GE Aerospace from $275.00 to $300.00 and gave the stock an “outperform” rating in a report on Friday, July 18th. Zacks Research lowered shares of GE Aerospace from a “strong-buy” rating to a “hold” rating in a report on Friday, September 26th. Sanford C. Bernstein restated an “outperform” rating on shares of GE Aerospace in a report on Friday, August 15th. Finally, Barclays raised their price objective on shares of GE Aerospace from $230.00 to $295.00 and gave the stock an “overweight” rating in a report on Wednesday, July 23rd. Twelve equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, GE Aerospace has an average rating of “Moderate Buy” and an average price target of $241.92.

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.