Aletheian Wealth Advisors LLC Invests $214,000 in GE Aerospace (NYSE:GE)

Aletheian Wealth Advisors LLC bought a new stake in shares of GE Aerospace (NYSE:GE - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 1,071 shares of the company's stock, valued at approximately $214,000.

Several other hedge funds have also recently added to or reduced their stakes in GE. Chung Wu Investment Group LLC acquired a new position in shares of GE Aerospace during the 4th quarter worth approximately $795,000. National Bank of Canada FI grew its holdings in shares of GE Aerospace by 2.9% during the 4th quarter. National Bank of Canada FI now owns 1,064,417 shares of the company's stock worth $177,535,000 after purchasing an additional 29,844 shares in the last quarter. National Pension Service increased its holdings in GE Aerospace by 1.7% in the 4th quarter. National Pension Service now owns 2,254,637 shares of the company's stock valued at $376,051,000 after buying an additional 37,884 shares during the period. FourThought Financial Partners LLC bought a new stake in GE Aerospace during the fourth quarter worth $507,000. Finally, Invesco Ltd. increased its position in GE Aerospace by 14.4% during the 4th quarter. Invesco Ltd. now owns 9,544,757 shares of the company's stock worth $1,591,970,000 after purchasing an additional 1,204,910 shares in the last quarter. Institutional investors and hedge funds own 74.77% of the company's stock.

Insider Activity

In related news, SVP Mohamed Ali sold 1,602 shares of the firm's stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $200.67, for a total value of $321,473.34. Following the sale, the senior vice president now owns 8,805 shares in the company, valued at approximately $1,766,899.35. This trade represents a 15.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Robert M. Giglietti sold 4,104 shares of the business's stock in a transaction on Thursday, April 24th. The shares were sold at an average price of $196.73, for a total transaction of $807,379.92. Following the sale, the vice president now owns 11,540 shares of the company's stock, valued at approximately $2,270,264.20. This represents a 26.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.21% of the company's stock.

GE Aerospace Stock Up 1.4%

NYSE GE traded up $3.38 during mid-day trading on Wednesday, reaching $252.25. The stock had a trading volume of 2,865,856 shares, compared to its average volume of 5,353,022. The company has a fifty day moving average price of $206.85 and a 200 day moving average price of $194.65. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81. GE Aerospace has a 1 year low of $150.20 and a 1 year high of $252.60. The stock has a market cap of $269.00 billion, a PE ratio of 42.11, a price-to-earnings-growth ratio of 2.59 and a beta of 1.38.

GE Aerospace (NYSE:GE - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The company reported $1.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.29 by $0.20. GE Aerospace had a return on equity of 22.19% and a net margin of 14.31%. The firm had revenue of $9.94 billion for the quarter, compared to the consensus estimate of $9.06 billion. On average, research analysts expect that GE Aerospace will post 5.4 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Royal Bank of Canada increased their price objective on shares of GE Aerospace from $220.00 to $275.00 and gave the stock an "outperform" rating in a research report on Tuesday. Northcoast Research lowered shares of GE Aerospace from a "buy" rating to a "neutral" rating in a research note on Monday, May 19th. Redburn Atlantic initiated coverage on GE Aerospace in a research report on Tuesday, February 18th. They set a "buy" rating and a $250.00 price target on the stock. Wells Fargo & Company lifted their price objective on shares of GE Aerospace from $212.00 to $222.00 and gave the company an "overweight" rating in a research note on Thursday, April 24th. Finally, UBS Group boosted their price target on shares of GE Aerospace from $207.00 to $216.00 and gave the company a "buy" rating in a research report on Wednesday, April 23rd. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $221.15.

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.