Walkner Condon Financial Advisors LLC Invests $223,000 in GE Aerospace $GE

Walkner Condon Financial Advisors LLC purchased a new stake in GE Aerospace (NYSE:GE) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 865 shares of the company’s stock, valued at approximately $223,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in GE. Brighton Jones LLC raised its stake in shares of GE Aerospace by 25.3% in the fourth quarter. Brighton Jones LLC now owns 12,008 shares of the company’s stock worth $2,003,000 after acquiring an additional 2,421 shares during the last quarter. Revolve Wealth Partners LLC increased its holdings in shares of GE Aerospace by 7.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 2,251 shares of the company’s stock valued at $375,000 after purchasing an additional 150 shares in the last quarter. Leavell Investment Management Inc. raised its position in GE Aerospace by 13.3% in the 1st quarter. Leavell Investment Management Inc. now owns 13,001 shares of the company’s stock worth $2,606,000 after purchasing an additional 1,529 shares during the last quarter. CFO4Life Group LLC acquired a new position in GE Aerospace during the 1st quarter worth $265,000. Finally, Allworth Financial LP lifted its holdings in GE Aerospace by 132.5% during the 1st quarter. Allworth Financial LP now owns 58,557 shares of the company’s stock worth $11,560,000 after buying an additional 33,375 shares in the last quarter. Institutional investors and hedge funds own 74.77% of the company’s stock.

Analyst Ratings Changes

GE has been the subject of several research reports. Weiss Ratings reissued a “buy (b)” rating on shares of GE Aerospace in a research note on Wednesday, October 8th. Bank of America raised their price target on GE Aerospace from $310.00 to $365.00 and gave the company a “buy” rating in a report on Monday, October 27th. TD Cowen boosted their price objective on GE Aerospace from $300.00 to $330.00 and gave the stock a “buy” rating in a report on Tuesday, October 7th. Zacks Research lowered shares of GE Aerospace from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 26th. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of GE Aerospace in a research report on Monday, October 27th. Fifteen equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $301.27.

GE Aerospace Price Performance

Shares of GE opened at $307.28 on Friday. 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 stock has a market cap of $324.13 billion, a P/E ratio of 41.03, a price-to-earnings-growth ratio of 3.09 and a beta of 1.56. The stock’s 50-day moving average price is $296.88 and its two-hundred day moving average price is $264.04.

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

GE Aerospace Announces Dividend

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

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.