Cumberland Partners Ltd Invests $6.89 Million in GE Aerospace $GE

Cumberland Partners Ltd purchased a new stake in shares of GE Aerospace (NYSE:GE) in the second quarter, Holdings Channel reports. The firm purchased 26,765 shares of the company’s stock, valued at approximately $6,889,000.

A number of other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of GE Aerospace by 1.6% during the second quarter. Vanguard Group Inc. now owns 91,989,511 shares of the company’s stock worth $23,677,180,000 after purchasing an additional 1,482,069 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in GE Aerospace by 6.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 25,131,285 shares of the company’s stock worth $5,030,028,000 after buying an additional 1,492,486 shares during the period. Geode Capital Management LLC grew its position in shares of GE Aerospace by 3.1% in the 2nd quarter. Geode Capital Management LLC now owns 24,113,967 shares of the company’s stock worth $6,181,956,000 after buying an additional 724,559 shares during the last quarter. Invesco Ltd. increased its stake in shares of GE Aerospace by 0.6% during the first quarter. Invesco Ltd. now owns 9,599,522 shares of the company’s stock valued at $1,921,344,000 after buying an additional 54,765 shares during the period. Finally, GQG Partners LLC purchased a new position in shares of GE Aerospace during the first quarter valued at approximately $1,606,840,000. Institutional investors own 74.77% of the company’s stock.

GE Aerospace Trading Up 1.6%

GE Aerospace stock opened at $300.84 on Thursday. The company has a current ratio of 1.08, a quick ratio of 0.76 and a debt-to-equity ratio of 0.99. The business’s fifty day simple moving average is $301.15 and its two-hundred day simple moving average is $270.39. GE Aerospace has a 12 month low of $159.36 and a 12 month high of $316.67. The company has a market capitalization of $317.33 billion, a price-to-earnings ratio of 40.17, a price-to-earnings-growth ratio of 3.09 and a beta of 1.56.

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

GE Aerospace Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 27th. Investors of record on Monday, September 29th were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Monday, September 29th. GE Aerospace’s payout ratio is presently 19.23%.

Analyst Ratings Changes

A number of brokerages recently commented on GE. JPMorgan Chase & Co. raised their price target on GE Aerospace from $275.00 to $325.00 and gave the stock an “overweight” rating in a research note on Monday, October 27th. Zacks Research cut shares of GE Aerospace from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 26th. Wolfe Research increased their price target on shares of GE Aerospace from $280.00 to $330.00 and gave the stock an “outperform” rating in a research note on Thursday, October 9th. Royal Bank Of Canada lifted their price objective on GE Aerospace from $300.00 to $340.00 and gave the company an “outperform” rating in a research report on Friday, October 17th. Finally, TD Cowen increased their target price on GE Aerospace from $300.00 to $330.00 and gave the stock a “buy” rating in a research report on Tuesday, October 7th. Fifteen analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, GE Aerospace currently 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.