Waverton Investment Management Ltd Has $270.59 Million Stock Position in GE Aerospace $GE

Waverton Investment Management Ltd trimmed its holdings in GE Aerospace (NYSE:GE) by 0.6% in the second quarter, HoldingsChannel reports. The fund owned 1,051,960 shares of the company’s stock after selling 6,036 shares during the period. GE Aerospace makes up 3.7% of Waverton Investment Management Ltd’s investment portfolio, making the stock its 9th biggest position. Waverton Investment Management Ltd’s holdings in GE Aerospace were worth $270,590,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Horan Securities Inc. raised its holdings in GE Aerospace by 84.0% during the 2nd quarter. Horan Securities Inc. now owns 8,853 shares of the company’s stock valued at $2,279,000 after buying an additional 4,042 shares during the last quarter. Summit Wealth Group LLC raised its holdings in GE Aerospace by 6.4% during the 2nd quarter. Summit Wealth Group LLC now owns 1,849 shares of the company’s stock valued at $476,000 after buying an additional 112 shares during the last quarter. Ethos Financial Group LLC bought a new stake in GE Aerospace during the 2nd quarter valued at $273,000. Resona Asset Management Co. Ltd. raised its holdings in GE Aerospace by 4.5% during the 2nd quarter. Resona Asset Management Co. Ltd. now owns 365,643 shares of the company’s stock valued at $93,948,000 after buying an additional 15,846 shares during the last quarter. Finally, Atlantic Union Bankshares Corp raised its holdings in GE Aerospace by 320.2% during the 2nd quarter. Atlantic Union Bankshares Corp now owns 7,004 shares of the company’s stock valued at $1,803,000 after buying an additional 5,337 shares during the last quarter. 74.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Barclays upped their price target 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. Wells Fargo & Company upped their price objective on shares of GE Aerospace from $34.00 to $38.00 in a report on Wednesday, July 23rd. The Goldman Sachs Group upped their price objective on shares of GE Aerospace from $271.00 to $305.00 and gave the stock a “buy” rating in a report on Friday, October 10th. Wall Street Zen upgraded shares of GE Aerospace from a “hold” rating to a “buy” rating in a report on Saturday, October 25th. Finally, UBS Group set a $366.00 price objective on shares of GE Aerospace and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Fifteen investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, GE Aerospace presently has an average rating of “Moderate Buy” and an average price target of $301.27.

GE Aerospace Stock Up 0.3%

NYSE:GE opened at $305.05 on Thursday. The firm’s 50-day moving average price is $295.66 and its 200-day moving average price is $262.85. The company has a market capitalization of $321.77 billion, a PE ratio of 40.73, 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 1-year low of $159.36 and a 1-year high of $316.67.

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

GE Aerospace Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, October 27th. Stockholders of record on Monday, September 29th were given a $0.36 dividend. 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%.

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.