GE Aerospace $GE Shares Sold by Marks Group Wealth Management Inc

Marks Group Wealth Management Inc cut its holdings in GE Aerospace (NYSE:GE) by 1.3% during the second quarter, HoldingsChannel reports. The fund owned 12,145 shares of the company’s stock after selling 166 shares during the period. Marks Group Wealth Management Inc’s holdings in GE Aerospace were worth $3,126,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. IMA Advisory Services Inc. acquired a new position in GE Aerospace during the first quarter worth $28,000. Copia Wealth Management lifted its stake 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 in the last quarter. Nova Wealth Management Inc. acquired a new position in GE Aerospace during the first quarter worth $29,000. Wealth Preservation Advisors LLC acquired a new position in GE Aerospace during the first quarter worth $30,000. Finally, O Brien Wealth Partners LLC acquired a new position in GE Aerospace during the first quarter worth $33,000. 74.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Barclays upped their price target on GE Aerospace from $230.00 to $295.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 23rd. UBS Group upped their price target on GE Aerospace from $300.00 to $321.00 and gave the stock a “buy” rating in a research note on Friday, July 18th. Weiss Ratings restated a “buy (b)” rating on shares of GE Aerospace in a research note on Saturday, September 27th. Wall Street Zen lowered GE Aerospace from a “buy” rating to a “hold” rating in a research report on Sunday, September 21st. Finally, Zacks Research lowered GE Aerospace from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 26th. Twelve analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $241.92.

GE Aerospace Stock Down 0.7%

GE Aerospace stock opened at $297.40 on Monday. GE Aerospace has a twelve month low of $159.36 and a twelve month high of $307.25. The stock’s fifty day simple moving average is $280.65 and its 200-day simple moving average is $244.50. 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 firm has a market capitalization of $315.38 billion, a P/E ratio of 41.48, a P/E/G ratio of 3.20 and a beta of 1.49.

GE Aerospace (NYSE:GE) last posted 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. The business had revenue of $10.15 billion for 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%.The company’s revenue was up 21.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.20 earnings per share. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. As a group, equities analysts expect that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Announces Dividend

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