GE Aerospace $GE Shares Sold by Cobblestone Capital Advisors LLC NY

Cobblestone Capital Advisors LLC NY lowered its holdings in GE Aerospace (NYSE:GE) by 19.1% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,774 shares of the company’s stock after selling 1,362 shares during the period. Cobblestone Capital Advisors LLC NY’s holdings in GE Aerospace were worth $1,486,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in GE. Brighton Jones LLC grew its holdings 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 purchasing an additional 2,421 shares in the last quarter. Revolve Wealth Partners LLC grew its holdings 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 valued at $375,000 after purchasing an additional 150 shares in the last quarter. Creative Financial Designs Inc. ADV grew its holdings in shares of GE Aerospace by 5.2% in the first quarter. Creative Financial Designs Inc. ADV now owns 1,464 shares of the company’s stock valued at $293,000 after purchasing an additional 73 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of GE Aerospace by 15.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 170,247 shares of the company’s stock valued at $34,029,000 after purchasing an additional 22,927 shares in the last quarter. Finally, Copeland Capital Management LLC grew its holdings in shares of GE Aerospace by 347.7% in the first quarter. Copeland Capital Management LLC now owns 1,146 shares of the company’s stock valued at $229,000 after purchasing an additional 890 shares in the last quarter. Institutional investors and hedge funds own 74.77% of the company’s stock.

GE Aerospace Trading Down 0.8%

Shares of GE Aerospace stock opened at $303.97 on Monday. The company has a fifty day simple moving average of $289.19 and a 200-day simple moving average of $255.82. GE Aerospace has a 12-month low of $159.36 and a 12-month high of $316.53. The company has a current ratio of 1.08, a quick ratio of 0.76 and a debt-to-equity ratio of 0.99. The stock has a market cap of $320.63 billion, a price-to-earnings ratio of 40.58, a PEG ratio of 3.14 and a beta of 1.49.

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

GE Aerospace Dividend Announcement

The business also recently announced 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. The ex-dividend date is Monday, September 29th. This represents a $1.44 annualized dividend and a dividend yield of 0.5%. GE Aerospace’s dividend payout ratio is presently 19.23%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Wall Street Zen upgraded shares of GE Aerospace from a “hold” rating to a “buy” rating in a report on Saturday. 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. Citigroup reiterated a “buy” rating and set a $296.00 price target (up previously from $227.00) on shares of GE Aerospace in a report on Monday, July 14th. Wolfe Research boosted their price target on shares of GE Aerospace from $280.00 to $330.00 and gave the stock an “outperform” rating in a report on Thursday, October 9th. Finally, Royal Bank Of Canada boosted their price target on shares of GE Aerospace from $300.00 to $340.00 and gave the stock an “outperform” rating in a report on Friday, October 17th. Fifteen equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.