Tema Etfs LLC Sells 2,078 Shares of GE Aerospace $GE

Tema Etfs LLC lowered its stake in GE Aerospace (NYSE:GE) by 13.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,846 shares of the company’s stock after selling 2,078 shares during the period. Tema Etfs LLC’s holdings in GE Aerospace were worth $3,564,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC boosted its stake in shares of GE Aerospace by 25.3% during the 4th quarter. Brighton Jones LLC now owns 12,008 shares of the company’s stock valued at $2,003,000 after purchasing an additional 2,421 shares in the last quarter. Revolve Wealth Partners LLC lifted its holdings in GE Aerospace by 7.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 2,251 shares of the company’s stock worth $375,000 after buying an additional 150 shares during the period. Empower Advisory Group LLC boosted its position in GE Aerospace by 35.3% during the 1st quarter. Empower Advisory Group LLC now owns 4,220 shares of the company’s stock valued at $845,000 after acquiring an additional 1,101 shares in the last quarter. Exencial Wealth Advisors LLC grew its holdings in shares of GE Aerospace by 3.4% during the 1st quarter. Exencial Wealth Advisors LLC now owns 2,681 shares of the company’s stock worth $537,000 after acquiring an additional 88 shares during the period. Finally, AXS Investments LLC raised its position in shares of GE Aerospace by 4.3% in the 1st quarter. AXS Investments LLC now owns 3,225 shares of the company’s stock worth $645,000 after acquiring an additional 132 shares in the last quarter. 74.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on GE. Weiss Ratings restated a “buy (b)” rating on shares of GE Aerospace in a research report on Wednesday, October 8th. Zacks Research cut shares of GE Aerospace from a “strong-buy” rating to a “hold” rating in a report on Friday, September 26th. Sanford C. Bernstein reiterated an “outperform” rating on shares of GE Aerospace in a research note on Monday, October 27th. The Goldman Sachs Group lifted their price target on shares of GE Aerospace from $271.00 to $305.00 and gave the company a “buy” rating in a research report on Friday, October 10th. Finally, UBS Group set a $366.00 price objective on shares of GE Aerospace and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Sixteen research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $304.31.

Insiders Place Their Bets

In related news, SVP Russell Stokes sold 8,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $297.71, for a total value of $2,381,680.00. Following the transaction, the senior vice president directly owned 150,434 shares of the company’s stock, valued at approximately $44,785,706.14. This represents a 5.05% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.21% of the stock is currently owned by insiders.

GE Aerospace Price Performance

GE opened at $291.49 on Friday. The firm has a market cap of $307.47 billion, a PE ratio of 38.92, a P/E/G ratio of 2.24 and a beta of 1.40. The stock has a 50-day moving average price of $300.74 and a 200-day moving average price of $275.69. GE Aerospace has a 1 year low of $159.36 and a 1 year high of $316.67. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.08 and a quick ratio of 0.76.

GE Aerospace (NYSE:GE) last announced its quarterly earnings data on Tuesday, October 21st. The company reported $1.66 EPS for the quarter, beating the consensus estimate of $1.46 by $0.20. The company had revenue of $11.31 billion for the quarter, compared to the consensus estimate of $10.29 billion. GE Aerospace had a net margin of 18.34% and a return on equity of 34.01%. GE Aerospace’s revenue for the quarter was up 26.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.15 EPS. 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 earnings per share for the current fiscal year.

GE Aerospace Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 26th. Investors of record on Monday, December 29th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Monday, December 29th. This represents a $1.44 annualized dividend and a dividend yield of 0.5%. GE Aerospace’s dividend payout ratio (DPR) is 19.23%.

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.