GE Aerospace $GE Shares Bought by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. lifted its stake in shares of GE Aerospace (NYSE:GE) by 4.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 235,064 shares of the company’s stock after purchasing an additional 9,246 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in GE Aerospace were worth $58,515,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. IMA Advisory Services Inc. acquired a new stake in shares of GE Aerospace in the 1st quarter worth approximately $28,000. Nova Wealth Management Inc. acquired a new position in shares of GE Aerospace during the first quarter valued at approximately $29,000. IMG Wealth Management Inc. raised its holdings in GE Aerospace by 113.5% during the second quarter. IMG Wealth Management Inc. now owns 111 shares of the company’s stock worth $29,000 after purchasing an additional 59 shares in the last quarter. Wealth Preservation Advisors LLC acquired a new stake in GE Aerospace in the first quarter worth approximately $30,000. Finally, Financial Network Wealth Advisors LLC lifted its position in GE Aerospace by 81.9% in the first quarter. Financial Network Wealth Advisors LLC now owns 171 shares of the company’s stock worth $34,000 after purchasing an additional 77 shares during the period. Institutional investors and hedge funds own 74.77% of the company’s stock.

Wall Street Analyst Weigh In

GE has been the topic of several research analyst reports. JPMorgan Chase & Co. lifted their price target on GE Aerospace from $275.00 to $325.00 and gave the company an “overweight” rating in a research report on Monday, October 27th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of GE Aerospace in a report on Wednesday, October 8th. Jefferies Financial Group boosted their price target on shares of GE Aerospace from $320.00 to $350.00 and gave the stock a “buy” rating in a research report on Monday, September 22nd. Sanford C. Bernstein restated an “outperform” rating on shares of GE Aerospace in a research report on Monday, October 27th. Finally, Royal Bank Of Canada lifted their price objective on shares of GE Aerospace from $300.00 to $340.00 and gave the stock an “outperform” rating in a research note on Friday, October 17th. Fifteen equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, GE Aerospace has an average rating of “Moderate Buy” and an average target price of $301.27.

GE Aerospace Trading Down 1.3%

Shares of NYSE GE opened at $296.13 on Wednesday. GE Aerospace has a 12 month low of $159.36 and a 12 month high of $316.67. The company has a market cap of $312.36 billion, a price-to-earnings ratio of 39.54, a P/E/G ratio of 3.09 and a beta of 1.56. The company has a quick ratio of 0.76, a current ratio of 1.08 and a debt-to-equity ratio of 0.99. The business has a fifty day simple moving average of $300.80 and a 200-day simple moving average of $270.17.

GE Aerospace (NYSE:GE) last issued its quarterly 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. 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 for the quarter, compared to analysts’ expectations of $10.29 billion. During the same quarter last year, the business posted $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. Sell-side analysts predict that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Announces Dividend

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. This represents a $1.44 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, September 29th. GE Aerospace’s dividend payout ratio (DPR) is 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.