Leo Wealth LLC Has $1.25 Million Stock Holdings in GE Aerospace $GE

Leo Wealth LLC boosted its holdings in shares of GE Aerospace (NYSE:GE) by 8.4% in the second quarter, according to its most recent filing with the SEC. The firm owned 4,857 shares of the company’s stock after acquiring an additional 375 shares during the period. Leo Wealth LLC’s holdings in GE Aerospace were worth $1,250,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of GE. IMA Advisory Services Inc. acquired a new stake in GE Aerospace during the 1st quarter worth $28,000. Copia Wealth Management grew its holdings in GE Aerospace by 14,200.0% during the 1st quarter. Copia Wealth Management now owns 143 shares of the company’s stock worth $29,000 after acquiring an additional 142 shares during the period. Nova Wealth Management Inc. acquired a new stake in GE Aerospace during the 1st quarter worth $29,000. Wealth Preservation Advisors LLC acquired a new stake in GE Aerospace during the 1st quarter worth $30,000. Finally, First Pacific Financial grew its holdings in shares of 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 buying an additional 52 shares during the period. Institutional investors and hedge funds own 74.77% of the company’s stock.

GE Aerospace Trading Down 1.1%

GE Aerospace stock opened at $299.18 on Friday. The firm has a 50-day moving average of $282.99 and a 200-day moving average of $246.55. GE Aerospace has a one year low of $159.36 and a one year high of $307.25. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.04 and a quick ratio of 0.73. The company has a market cap of $317.26 billion, a price-to-earnings ratio of 41.73, a P/E/G ratio of 3.25 and a beta of 1.49.

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

GE Aerospace Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Monday, September 29th will be paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Monday, September 29th. GE Aerospace’s dividend payout ratio is currently 20.08%.

Wall Street Analyst Weigh In

A number of analysts recently commented on GE shares. Wells Fargo & Company upped their price objective on shares of GE Aerospace from $34.00 to $38.00 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. Wall Street Zen cut shares of GE Aerospace from a “buy” rating to a “hold” rating in a research report on Sunday, September 21st. Citigroup restated a “buy” rating and issued a $296.00 price objective (up previously from $227.00) on shares of GE Aerospace in a research report on Monday, July 14th. Finally, Royal Bank Of Canada upped their price objective on shares of GE Aerospace from $275.00 to $300.00 and gave the company an “outperform” rating in a research report on Friday, July 18th. Twelve research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, GE Aerospace presently has an average rating of “Moderate Buy” and an average target price of $251.31.

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.