TD Asset Management Inc Reduces Stock Position in GE Aerospace $GE

TD Asset Management Inc lessened its holdings in GE Aerospace (NYSE:GE) by 12.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 841,247 shares of the company’s stock after selling 118,441 shares during the quarter. TD Asset Management Inc’s holdings in GE Aerospace were worth $216,529,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of GE. IMA Advisory Services Inc. purchased a new position in GE Aerospace in the first quarter valued at $28,000. Copia Wealth Management grew 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 last quarter. Nova Wealth Management Inc. purchased a new position in shares of GE Aerospace during the first quarter worth about $29,000. Wealth Preservation Advisors LLC purchased a new position in shares of GE Aerospace during the first quarter worth about $30,000. Finally, First Pacific Financial grew 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 last quarter. Hedge funds and other institutional investors own 74.77% of the company’s stock.

Analysts Set New Price Targets

GE has been the topic of several research reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of GE Aerospace in a report on Wednesday, October 8th. Zacks Research lowered GE Aerospace from a “strong-buy” rating to a “hold” rating in a report on Friday, September 26th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of GE Aerospace in a report on Friday, August 15th. Citigroup reaffirmed a “buy” rating and set a $296.00 price objective (up previously from $227.00) on shares of GE Aerospace in a report on Monday, July 14th. Finally, Wall Street Zen lowered GE Aerospace from a “buy” rating to a “hold” rating in a report on Sunday, September 21st. Fifteen analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, GE Aerospace has a consensus rating of “Moderate Buy” and an average price target of $267.13.

GE Aerospace Stock Performance

NYSE GE opened at $297.47 on Tuesday. 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 has a 52-week low of $159.36 and a 52-week high of $307.25. The business’s 50-day moving average price is $283.87 and its 200 day moving average price is $248.35. The firm has a market cap of $315.45 billion, a P/E ratio of 41.49, a P/E/G ratio of 3.14 and a beta of 1.49.

GE Aerospace (NYSE:GE) last released its quarterly earnings results on Thursday, July 17th. The company reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.43 by $0.23. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%.The firm had revenue of $10.15 billion for the quarter, compared to analyst estimates of $9.49 billion. During the same quarter last year, the company posted $1.20 earnings per share. The business’s revenue was up 21.2% on a year-over-year basis. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. On average, equities research analysts expect that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Monday, September 29th will be issued 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 currently 20.08%.

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.