Creative Planning Has $61.36 Million Stake in GE Aerospace $GE

Creative Planning raised its stake in GE Aerospace (NYSE:GE) by 0.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 238,404 shares of the company’s stock after acquiring an additional 1,965 shares during the period. Creative Planning’s holdings in GE Aerospace were worth $61,363,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Brighton Jones LLC increased its holdings in shares of GE Aerospace by 25.3% during the fourth 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 grew 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 last quarter. Bailard Inc. grew its position in GE Aerospace by 126.5% during the 1st quarter. Bailard Inc. now owns 2,992 shares of the company’s stock worth $599,000 after acquiring an additional 1,671 shares during the last quarter. Creekmur Asset Management LLC increased its holdings in GE Aerospace by 1,108.3% during the 1st quarter. Creekmur Asset Management LLC now owns 290 shares of the company’s stock valued at $58,000 after purchasing an additional 266 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in GE Aerospace in the 1st quarter valued at $471,000. 74.77% of the stock is owned by institutional investors.

GE Aerospace Stock Performance

GE Aerospace stock opened at $304.50 on Friday. The company has a market cap of $321.19 billion, a PE ratio of 40.65, a PEG ratio of 3.09 and a beta of 1.56. The company has a current ratio of 1.08, a quick ratio of 0.76 and a debt-to-equity ratio of 0.99. GE Aerospace has a 1 year low of $159.36 and a 1 year high of $316.67. The company’s 50-day moving average is $299.92 and its two-hundred day moving average is $268.40.

GE Aerospace (NYSE:GE) last issued its quarterly earnings results on Tuesday, October 21st. The company reported $1.66 EPS for the quarter, topping 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 company had revenue of $11.31 billion during the quarter, compared to analysts’ expectations of $10.29 billion. During the same quarter in the previous year, the company earned $1.15 EPS. GE Aerospace’s revenue was up 26.4% on a year-over-year basis. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. Equities analysts anticipate 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 was paid on Monday, October 27th. Shareholders of record on Monday, September 29th were given a dividend of $0.36 per share. The ex-dividend date was Monday, September 29th. This represents a $1.44 annualized dividend and a dividend yield of 0.5%. GE Aerospace’s payout ratio is presently 19.23%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on GE shares. Wall Street Zen upgraded GE Aerospace from a “hold” rating to a “buy” rating in a research note on Saturday, October 25th. TD Cowen raised their price objective on shares of GE Aerospace from $300.00 to $330.00 and gave the company a “buy” rating in a research report on Tuesday, October 7th. Wells Fargo & Company boosted their target price on shares of GE Aerospace from $34.00 to $38.00 in a research note on Wednesday, July 23rd. Bank of America increased their price target on shares of GE Aerospace from $310.00 to $365.00 and gave the company a “buy” rating in a research note on Monday, October 27th. Finally, UBS Group set a $366.00 price objective on shares of GE Aerospace and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Fifteen investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $301.27.

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.