Amplius Wealth Advisors LLC Has $413,000 Stock Position in GE Aerospace $GE

Amplius Wealth Advisors LLC lifted its stake in GE Aerospace (NYSE:GE) by 38.8% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,603 shares of the company’s stock after purchasing an additional 448 shares during the quarter. Amplius Wealth Advisors LLC’s holdings in GE Aerospace were worth $413,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of GE. Brighton Jones LLC boosted its position in 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 acquiring an additional 2,421 shares during the period. Revolve Wealth Partners LLC boosted its position in 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 acquiring an additional 150 shares during the period. Golden State Wealth Management LLC boosted its position in GE Aerospace by 25.7% during the 1st quarter. Golden State Wealth Management LLC now owns 1,895 shares of the company’s stock worth $379,000 after acquiring an additional 388 shares during the period. Koshinski Asset Management Inc. acquired a new stake in GE Aerospace during the 1st quarter worth about $230,000. Finally, Vontobel Holding Ltd. boosted its position in GE Aerospace by 36.1% during the 1st quarter. Vontobel Holding Ltd. now owns 30,028 shares of the company’s stock worth $6,010,000 after acquiring an additional 7,960 shares during the period. Institutional investors and hedge funds own 74.77% of the company’s stock.

GE Aerospace Stock Down 1.2%

Shares of GE Aerospace stock opened at $310.64 on Friday. The firm has a market cap of $327.67 billion, a price-to-earnings ratio of 41.47, a P/E/G ratio of 3.09 and a beta of 1.49. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.08 and a quick ratio of 0.76. GE Aerospace has a 52-week low of $159.36 and a 52-week high of $316.67. The stock has a 50-day simple moving average of $292.75 and a 200-day simple moving average of $258.88.

GE Aerospace (NYSE:GE) last announced its quarterly 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. The business had revenue of $11.31 billion during the quarter, compared to analyst estimates of $10.29 billion. GE Aerospace had a return on equity of 34.01% and a net margin of 18.34%.The firm’s revenue was up 26.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.15 EPS. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. On average, equities research analysts expect 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 was paid on Monday, October 27th. Stockholders of record on Monday, September 29th were issued a dividend of $0.36 per share. The ex-dividend date of this dividend was Monday, September 29th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.5%. GE Aerospace’s dividend payout ratio is currently 19.23%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on GE shares. Wolfe Research raised their price objective on GE Aerospace from $280.00 to $330.00 and gave the stock an “outperform” rating in a research report on Thursday, October 9th. Royal Bank Of Canada raised their price objective on GE Aerospace from $300.00 to $340.00 and gave the stock an “outperform” rating in a research report on Friday, October 17th. Wall Street Zen raised GE Aerospace from a “hold” rating to a “buy” rating in a research note on Saturday, October 25th. Zacks Research lowered GE Aerospace from a “strong-buy” rating to a “hold” rating in a report on Friday, September 26th. Finally, 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. Fifteen equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $301.27.

GE Aerospace Company 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.