Woodley Farra Manion Expands Holdings in GE Aerospace with 981 Shares

Woodley Farra Manion Portfolio Management Inc. has acquired a new stake in GE Aerospace, purchasing 981 shares valued at approximately $253,000, according to a recent disclosure filed with the Securities and Exchange Commission (SEC). This investment is part of a broader trend, as several institutional investors and hedge funds have recently adjusted their positions in the company.

During the fourth quarter, Brighton Jones LLC increased its holdings in GE Aerospace by 25.3%, now owning 12,008 shares valued at around $2.003 million. Similarly, Revolve Wealth Partners LLC raised its position by 7.1%, holding 2,251 shares worth $375,000 after acquiring an additional 150 shares.

In the first quarter, Graypoint LLC expanded its stake by 4.7%, owning 9,033 shares valued at $1.808 million. Meanwhile, Bailard Inc. significantly increased its investment by 126.5%, owning 2,992 shares worth $599,000, after adding 1,671 shares. Creekmur Asset Management LLC also saw a remarkable growth in its stake by 1,108.3%, now holding 290 shares valued at $58,000. Overall, institutional investors own approximately 74.77% of GE Aerospace’s stock.

GE Aerospace Stock Performance and Recent Dividend Announcement

On Friday, GE Aerospace shares opened at $304.50. The stock has demonstrated robust performance, with a 52-week high of $316.67 and a low of $159.36. The company boasts a market capitalization of $321.19 billion and a price-to-earnings ratio of 40.65. The price-to-earnings-growth ratio stands at 3.09, with a beta of 1.56. Additionally, it has a current ratio of 1.08, quick ratio of 0.76, and a debt-to-equity ratio of 0.99.

On October 27, 2023, the company declared a quarterly dividend of $0.36 per share, paid to shareholders who were on record as of September 29, 2023. This dividend represents an annualized payout of $1.44, providing a yield of 0.5%. The dividend payout ratio is currently at 19.23%.

Analysts’ Insights on GE Aerospace

Research analysts have set new price targets for GE Aerospace, reflecting optimism about the company’s future growth. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating with a target price of $350.00 on October 8, 2023. Wells Fargo & Company raised its target price from $34.00 to $38.00 on July 23, 2023, while TD Cowen increased its price target from $300.00 to $330.00. Weiss Ratings reaffirmed a “buy (b)” rating, and Wolfe Research raised their target from $280.00 to $330.00.

Currently, fifteen equity research analysts have given the stock a “Buy” rating, with two analysts recommending a hold. The average rating for GE Aerospace is classified as a “Moderate Buy,” with a consensus price target of $301.27, according to data from MarketBeat.

For more detailed insights into GE Aerospace’s stock performance and institutional holdings, investors can refer to updated filings and analyses available on financial news platforms.