Wealthfront Advisers LLC Reduces Holdings in GE Aerospace $GE

Wealthfront Advisers LLC reduced its position in GE Aerospace (NYSE:GE) by 1.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 151,836 shares of the company’s stock after selling 2,554 shares during the quarter. Wealthfront Advisers LLC’s holdings in GE Aerospace were worth $39,081,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GE. Brighton Jones LLC raised its position in shares of GE Aerospace by 25.3% in the fourth quarter. Brighton Jones LLC now owns 12,008 shares of the company’s stock valued at $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 valued at $375,000 after acquiring an additional 150 shares in the last quarter. GAMMA Investing LLC raised its holdings in GE Aerospace by 18.5% in the 1st quarter. GAMMA Investing LLC now owns 25,311 shares of the company’s stock valued at $5,066,000 after acquiring an additional 3,946 shares during the last quarter. Moran Wealth Management LLC raised its holdings in GE Aerospace by 10.5% in the 1st quarter. Moran Wealth Management LLC now owns 1,503 shares of the company’s stock valued at $301,000 after acquiring an additional 143 shares during the last quarter. Finally, Bessemer Group Inc. lifted its stake in GE Aerospace by 6.9% in the 1st quarter. Bessemer Group Inc. now owns 30,693 shares of the company’s stock worth $6,144,000 after purchasing an additional 1,979 shares in the last quarter. Hedge funds and other institutional investors own 74.77% of the company’s stock.

GE Aerospace Stock Performance

Shares of GE Aerospace stock opened at $303.97 on Friday. The firm has a market cap of $320.63 billion, a PE ratio of 40.58, a price-to-earnings-growth ratio of 3.15 and a beta of 1.49. The company has a quick ratio of 0.73, a current ratio of 1.08 and a debt-to-equity ratio of 0.99. GE Aerospace has a 52 week low of $159.36 and a 52 week high of $316.53. The business’s fifty day simple moving average is $289.19 and its 200-day simple moving average is $255.34.

GE Aerospace (NYSE:GE) last issued its quarterly earnings data on Tuesday, October 21st. The company reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.20. GE Aerospace had a return on equity of 34.01% and a net margin of 18.34%.The firm had revenue of $11.31 billion during the quarter, compared to the consensus estimate of $10.29 billion. During the same period last year, the company earned $1.15 EPS. The company’s quarterly revenue was up 26.4% on a year-over-year basis. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. Equities analysts forecast that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Monday, September 29th will be issued a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Monday, September 29th. GE Aerospace’s dividend payout ratio is currently 19.23%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on GE shares. Wolfe Research upped their price target on GE Aerospace from $280.00 to $330.00 and gave the company an “outperform” rating in a research report on Thursday, October 9th. UBS Group set a $366.00 price objective on GE Aerospace and gave the stock a “buy” rating in a research note on Wednesday. Sanford C. Bernstein upped their target price on GE Aerospace from $343.00 to $374.00 and gave the company an “outperform” rating in a report on Wednesday, October 15th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $350.00 price target on shares of GE Aerospace in a report on Wednesday, October 8th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of GE Aerospace in a research report on Saturday. Fifteen research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $284.27.

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.