WESPAC Advisors LLC Sells 104 Shares of GE Aerospace $GE

WESPAC Advisors LLC cut its stake in GE Aerospace (NYSE:GE) by 2.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,563 shares of the company’s stock after selling 104 shares during the quarter. WESPAC Advisors LLC’s holdings in GE Aerospace were worth $1,174,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. IMA Advisory Services Inc. purchased a new stake in shares of GE Aerospace in the 1st quarter worth about $28,000. Copia Wealth Management grew its position in shares of GE Aerospace by 14,200.0% in the 1st quarter. Copia Wealth Management now owns 143 shares of the company’s stock worth $29,000 after buying an additional 142 shares during the period. Nova Wealth Management Inc. purchased a new stake in shares of GE Aerospace in the 1st quarter worth about $29,000. Wealth Preservation Advisors LLC purchased a new stake in shares of GE Aerospace in the 1st quarter worth about $30,000. Finally, First Pacific Financial grew its position in shares of GE Aerospace by 46.0% in the 1st quarter. First Pacific Financial now owns 165 shares of the company’s stock worth $33,000 after buying an additional 52 shares during the period. 74.77% of the stock is currently owned by institutional investors.

GE Aerospace Stock Performance

Shares of GE stock opened at $302.12 on Wednesday. GE Aerospace has a one year low of $159.36 and a one year high of $307.25. The company’s 50-day moving average is $281.84 and its 200 day moving average is $245.55. The company has a market capitalization of $320.37 billion, a price-to-earnings ratio of 42.14, a price-to-earnings-growth ratio of 3.21 and a beta of 1.49. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.73 and a current ratio of 1.04.

GE Aerospace (NYSE:GE) last announced its quarterly earnings data on Thursday, July 17th. The company reported $1.66 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $9.49 billion. During the same period in the prior year, the firm posted $1.20 EPS. GE Aerospace’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. Sell-side analysts expect that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Monday, September 29th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, September 29th. GE Aerospace’s dividend payout ratio (DPR) is presently 20.08%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on GE shares. Zacks Research downgraded shares of GE Aerospace from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 26th. Citigroup reaffirmed a “buy” rating and issued a $296.00 target price (up from $227.00) on shares of GE Aerospace in a research report on Monday, July 14th. Royal Bank Of Canada upped their target price on shares of GE Aerospace from $275.00 to $300.00 and gave the stock an “outperform” rating in a research report on Friday, July 18th. Wells Fargo & Company increased their price objective on shares of GE Aerospace from $34.00 to $38.00 in a research report on Wednesday, July 23rd. Finally, Wall Street Zen downgraded shares of GE Aerospace from a “buy” rating to a “hold” rating in a research report on Sunday, September 21st. Twelve investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $241.92.

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.