CFM Wealth Partners LLC Sells 200 Shares of GE Aerospace $GE

CFM Wealth Partners LLC trimmed its stake in shares of GE Aerospace (NYSE:GE) by 18.0% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 911 shares of the company’s stock after selling 200 shares during the quarter. CFM Wealth Partners LLC’s holdings in GE Aerospace were worth $234,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Brighton Jones LLC raised its holdings in shares of GE Aerospace by 25.3% during the 4th quarter. Brighton Jones LLC now owns 12,008 shares of the company’s stock worth $2,003,000 after buying an additional 2,421 shares in the last quarter. Revolve Wealth Partners LLC raised its holdings in shares of GE Aerospace by 7.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 2,251 shares of the company’s stock worth $375,000 after buying an additional 150 shares in the last quarter. UMB Bank n.a. raised its holdings in shares of GE Aerospace by 6.2% during the 1st quarter. UMB Bank n.a. now owns 9,305 shares of the company’s stock worth $1,862,000 after buying an additional 545 shares in the last quarter. Miracle Mile Advisors LLC raised its holdings in shares of GE Aerospace by 4.5% during the 1st quarter. Miracle Mile Advisors LLC now owns 9,224 shares of the company’s stock worth $1,846,000 after buying an additional 397 shares in the last quarter. Finally, KMG Fiduciary Partners LLC acquired a new position in shares of GE Aerospace during the 1st quarter worth $345,000. 74.77% of the stock is currently owned by institutional investors.

GE Aerospace Price Performance

Shares of GE opened at $298.16 on Tuesday. GE Aerospace has a 12-month low of $159.36 and a 12-month high of $307.25. The business has a 50-day simple moving average of $281.20 and a two-hundred day simple moving average of $245.15. The company has a quick ratio of 0.73, a current ratio of 1.04 and a debt-to-equity ratio of 0.88. The stock has a market cap of $316.18 billion, a PE ratio of 41.58, a PEG ratio of 3.20 and a beta of 1.49.

GE Aerospace (NYSE:GE) last issued its quarterly earnings data 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. The company had revenue of $10.15 billion during the quarter, compared to the consensus estimate of $9.49 billion. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%.The firm’s revenue was up 21.2% compared to the same quarter last year. During the same period last year, the company earned $1.20 earnings per share. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. Analysts anticipate that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Investors of record on Monday, September 29th will be paid a $0.36 dividend. 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 payout ratio is currently 20.08%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on GE shares. Royal Bank Of Canada boosted their price target on GE Aerospace from $275.00 to $300.00 and gave the stock an “outperform” rating in a report on Friday, July 18th. Barclays upped their target price on GE Aerospace from $230.00 to $295.00 and gave the stock an “overweight” rating in a report on Wednesday, July 23rd. UBS Group upped their target price on GE Aerospace from $300.00 to $321.00 and gave the stock a “buy” rating in a report on Friday, July 18th. Zacks Research cut GE Aerospace from a “strong-buy” rating to a “hold” rating in a report on Friday, September 26th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of GE Aerospace in a report on Saturday, September 27th. Twelve investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, GE Aerospace currently has a consensus rating of “Moderate Buy” and an average price target of $241.92.

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.