KCM Investment Advisors LLC Purchases 449 Shares of GE Aerospace $GE

KCM Investment Advisors LLC increased its position in GE Aerospace (NYSE:GE) by 9.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,295 shares of the company’s stock after buying an additional 449 shares during the period. KCM Investment Advisors LLC’s holdings in GE Aerospace were worth $1,363,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Brighton Jones LLC boosted its holdings in GE Aerospace by 25.3% in the fourth quarter. Brighton Jones LLC now owns 12,008 shares of the company’s stock worth $2,003,000 after purchasing an additional 2,421 shares in the last quarter. Revolve Wealth Partners LLC lifted its position in shares of GE Aerospace by 7.1% in the fourth 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. Cerity Partners LLC boosted its stake in shares of GE Aerospace by 24.1% during the 1st quarter. Cerity Partners LLC now owns 392,177 shares of the company’s stock worth $78,497,000 after acquiring an additional 76,129 shares in the last quarter. Diversify Wealth Management LLC increased its holdings in shares of GE Aerospace by 8.0% during the 1st quarter. Diversify Wealth Management LLC now owns 5,233 shares of the company’s stock valued at $1,049,000 after acquiring an additional 387 shares during the last quarter. Finally, Gateway Wealth Partners LLC acquired a new position in shares of GE Aerospace during the 1st quarter valued at about $223,000. 74.77% of the stock is currently owned by institutional investors and hedge funds.

GE Aerospace Trading Up 0.7%

Shares of GE Aerospace stock opened at $307.28 on Friday. GE Aerospace has a 1 year low of $159.36 and a 1 year high of $316.67. The company’s fifty day simple moving average is $296.88 and its 200-day simple moving average is $264.57. The company has a market cap of $324.13 billion, a price-to-earnings ratio of 41.03, a PEG ratio of 3.09 and a beta of 1.56. The company has a current ratio of 1.08, a quick ratio of 0.76 and a debt-to-equity ratio of 0.99.

GE Aerospace (NYSE:GE) last issued its quarterly earnings results on Tuesday, October 21st. The company reported $1.66 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.20. GE Aerospace had a net margin of 18.34% and a return on equity of 34.01%. The firm had revenue of $11.31 billion during the quarter, compared to the consensus estimate of $10.29 billion. During the same period in the prior year, the firm earned $1.15 EPS. The business’s 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. As a group, sell-side analysts expect that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, October 27th. Investors of record on Monday, September 29th were paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 0.5%. The ex-dividend date was Monday, September 29th. GE Aerospace’s payout ratio is currently 19.23%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on GE. Citigroup restated a “buy” rating and issued a $296.00 target price (up from $227.00) on shares of GE Aerospace in a report on Monday, July 14th. Royal Bank Of Canada lifted their price target on shares of GE Aerospace from $300.00 to $340.00 and gave the company an “outperform” rating in a research report on Friday, October 17th. UBS Group set a $366.00 price objective on shares of GE Aerospace and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Wall Street Zen upgraded shares of GE Aerospace from a “hold” rating to a “buy” rating in a research note on Saturday, October 25th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $350.00 target price on shares of GE Aerospace in a research report on Wednesday, October 8th. Fifteen research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $301.27.

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.