CFM Wealth Partners LLC Buys New Holdings in GE Aerospace (NYSE:GE)

CFM Wealth Partners LLC purchased a new position in GE Aerospace (NYSE:GE - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 1,111 shares of the company's stock, valued at approximately $222,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Little House Capital LLC raised its position in shares of GE Aerospace by 205.5% during the first quarter. Little House Capital LLC now owns 6,531 shares of the company's stock valued at $1,307,000 after buying an additional 4,393 shares during the last quarter. Golden State Wealth Management LLC increased its holdings in GE Aerospace by 25.7% in the 1st quarter. Golden State Wealth Management LLC now owns 1,895 shares of the company's stock valued at $379,000 after acquiring an additional 388 shares during the last quarter. Westend Capital Management LLC lifted its stake in GE Aerospace by 1.6% in the 1st quarter. Westend Capital Management LLC now owns 80,849 shares of the company's stock worth $16,182,000 after purchasing an additional 1,242 shares in the last quarter. Confluence Wealth Services Inc. lifted its stake in GE Aerospace by 3.2% in the 1st quarter. Confluence Wealth Services Inc. now owns 8,691 shares of the company's stock worth $1,683,000 after purchasing an additional 272 shares in the last quarter. Finally, CWC Advisors LLC. boosted its holdings in shares of GE Aerospace by 54.7% during the 1st quarter. CWC Advisors LLC. now owns 10,867 shares of the company's stock valued at $2,175,000 after purchasing an additional 3,842 shares during the last quarter. 74.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

GE has been the topic of several research reports. Citigroup reduced their target price on GE Aerospace from $235.00 to $227.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. UBS Group upped their price objective on GE Aerospace from $207.00 to $216.00 and gave the stock a "buy" rating in a report on Wednesday, April 23rd. Northcoast Research lowered shares of GE Aerospace from a "buy" rating to a "neutral" rating in a report on Monday, May 19th. Wells Fargo & Company upped their price target 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, Royal Bank Of Canada set a $275.00 price objective on shares of GE Aerospace and gave the stock an "outperform" rating in a research note on Tuesday, June 3rd. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $223.75.

Insider Activity at GE Aerospace

In other 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 transaction of $321,473.34. Following the transaction, the senior vice president now directly owns 8,805 shares of the company's stock, 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 legal filing with the SEC, which can be accessed through this link. Also, VP Robert M. Giglietti sold 4,104 shares of GE Aerospace stock in a transaction that occurred 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 directly owns 11,540 shares of the company's stock, valued at $2,270,264.20. This represents a 26.23% decrease in their position. The disclosure for this sale can be found here. 0.21% of the stock is owned by company insiders.

GE Aerospace Stock Up 1.4%

NYSE GE opened at $254.50 on Friday. The company has a quick ratio of 0.77, a current ratio of 1.08 and a debt-to-equity ratio of 0.90. GE Aerospace has a 52 week low of $150.20 and a 52 week high of $260.55. The firm has a market capitalization of $271.39 billion, a price-to-earnings ratio of 39.58, a PEG ratio of 3.07 and a beta of 1.38. The company has a fifty day moving average of $228.63 and a two-hundred day moving average of $203.00.

GE Aerospace (NYSE:GE - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The company reported $1.49 EPS for the quarter, topping analysts' consensus estimates of $1.29 by $0.20. GE Aerospace had a net margin of 17.63% and a return on equity of 29.15%. The firm had revenue of $9.94 billion during the quarter, compared to analysts' expectations of $9.06 billion. On average, analysts predict that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Investors of record on Monday, July 7th 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 0.57%. GE Aerospace's dividend payout ratio is currently 22.40%.

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.

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