Kathmere Capital Management LLC Trims Stake in GE Aerospace $GE

Kathmere Capital Management LLC reduced its position in GE Aerospace (NYSE:GE) by 16.3% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 3,715 shares of the company’s stock after selling 723 shares during the period. Kathmere Capital Management LLC’s holdings in GE Aerospace were worth $956,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. IMA Advisory Services Inc. purchased a new stake in shares of GE Aerospace in the 1st quarter valued at about $28,000. Copia Wealth Management increased its position in 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 acquiring an additional 142 shares during the period. Nova Wealth Management Inc. acquired a new position in GE Aerospace in the 1st quarter valued at about $29,000. Wealth Preservation Advisors LLC acquired a new position in GE Aerospace in the 1st quarter valued at about $30,000. Finally, First Pacific Financial increased its position in 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 acquiring an additional 52 shares during the period. 74.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

GE has been the topic of several recent research reports. UBS Group boosted their price target on GE Aerospace from $300.00 to $321.00 and gave the company a “buy” rating in a research report on Friday, July 18th. Wall Street Zen cut GE Aerospace from a “buy” rating to a “hold” rating in a research report on Sunday, September 21st. Barclays boosted their price target on GE Aerospace from $230.00 to $295.00 and gave the company an “overweight” rating in a research report on Wednesday, July 23rd. Sanford C. Bernstein restated an “outperform” rating on shares of GE Aerospace in a research report on Friday, August 15th. Finally, Citigroup reiterated a “buy” rating and set a $296.00 target price (up previously from $227.00) on shares of GE Aerospace in a research report on Monday, July 14th. Eleven analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $241.92.

GE Aerospace Stock Performance

NYSE GE opened at $294.97 on Friday. The company has a current ratio of 1.04, a quick ratio of 0.73 and a debt-to-equity ratio of 0.88. The business’s 50 day moving average is $277.26 and its two-hundred day moving average is $240.78. GE Aerospace has a 12-month low of $159.36 and a 12-month high of $307.25. The stock has a market capitalization of $312.80 billion, a price-to-earnings ratio of 41.14, a PEG ratio of 3.17 and a beta of 1.48.

GE Aerospace (NYSE:GE) last released its earnings results on Thursday, July 17th. The company reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.23. The company had revenue of $10.15 billion for the quarter, compared to analysts’ expectations of $9.49 billion. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%.The firm’s quarterly revenue was up 21.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.20 EPS. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. Research analysts expect that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 27th. Investors of record on Monday, September 29th will be issued a $0.36 dividend. The ex-dividend date is 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 20.08%.

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.