Silvia Mccoll Wealth Management LLC Invests $205,000 in GE Aerospace $GE

Silvia Mccoll Wealth Management LLC acquired a new position in shares of GE Aerospace (NYSE:GE) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 795 shares of the company’s stock, valued at approximately $205,000.

Other large investors also recently modified their holdings of the company. IMA Advisory Services Inc. bought a new stake in shares of GE Aerospace in the 1st quarter valued at about $28,000. Copia Wealth Management raised its holdings 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 valued at $29,000 after purchasing an additional 142 shares during the period. Nova Wealth Management Inc. bought a new stake in shares of GE Aerospace in the 1st quarter valued at about $29,000. Wealth Preservation Advisors LLC bought a new stake in shares of GE Aerospace in the 1st quarter valued at about $30,000. Finally, First Pacific Financial raised its holdings in shares of GE Aerospace by 46.0% in the 1st quarter. First Pacific Financial now owns 165 shares of the company’s stock valued at $33,000 after purchasing an additional 52 shares during the period. 74.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on GE shares. Citigroup reaffirmed 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. Barclays upped their target price on shares of GE Aerospace from $230.00 to $295.00 and gave the company an “overweight” rating in a report on Wednesday, July 23rd. Jefferies Financial Group upped their target price on shares of GE Aerospace from $320.00 to $350.00 and gave the company a “buy” rating in a report on Monday, September 22nd. UBS Group increased their price target on shares of GE Aerospace from $300.00 to $321.00 and gave the company a “buy” rating in a report on Friday, July 18th. Finally, Wall Street Zen cut shares of GE Aerospace from a “buy” rating to a “hold” rating in a report on Sunday, September 21st. Twelve analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $241.92.

GE Aerospace Stock Performance

Shares of NYSE:GE opened at $297.40 on Friday. The company’s 50 day moving average price is $280.65 and its two-hundred day moving average price is $244.21. GE Aerospace has a 12-month low of $159.36 and a 12-month high of $307.25. The firm has a market cap of $315.38 billion, a PE ratio of 41.48, a PEG ratio of 3.20 and a beta of 1.49. The company has a quick ratio of 0.73, a current ratio of 1.04 and a debt-to-equity ratio of 0.88.

GE Aerospace (NYSE:GE) last announced its earnings results 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. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. The firm had revenue of $10.15 billion for the quarter, compared to analyst estimates of $9.49 billion. During the same quarter in the prior year, the business posted $1.20 EPS. The business’s revenue was up 21.2% compared to the same quarter last year. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. Equities research analysts predict that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Monday, September 29th will be given 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 is Monday, September 29th. GE Aerospace’s dividend payout ratio is presently 20.08%.

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.