Curated Wealth Partners LLC Takes $358,000 Position in GE Aerospace (NYSE:GE)

Curated Wealth Partners LLC bought a new stake in GE Aerospace (NYSE:GE - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,788 shares of the company's stock, valued at approximately $358,000.

Several other large investors also recently bought and sold shares of the business. Brighton Jones LLC lifted its position in 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 buying an additional 2,421 shares during the last quarter. Revolve Wealth Partners LLC raised its stake 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 acquiring an additional 150 shares during the period. Strategic Financial Concepts LLC bought a new stake in shares of GE Aerospace in the 4th quarter worth about $228,000. Empowered Funds LLC boosted its stake in shares of GE Aerospace by 23.3% during the 4th quarter. Empowered Funds LLC now owns 61,090 shares of the company's stock worth $10,189,000 after purchasing an additional 11,545 shares during the period. Finally, Kestra Private Wealth Services LLC grew its holdings in GE Aerospace by 48.7% during the 4th quarter. Kestra Private Wealth Services LLC now owns 32,250 shares of the company's stock valued at $5,379,000 after purchasing an additional 10,559 shares during the last quarter. Institutional investors own 74.77% of the company's stock.

Insiders Place Their Bets

In related news, SVP Mohamed Ali sold 1,602 shares of the company's stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $200.67, for a total transaction of $321,473.34. Following the completion of the transaction, the senior vice president now owns 8,805 shares in the company, valued at $1,766,899.35. This represents a 15.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Robert M. Giglietti sold 4,104 shares of the business's stock in a transaction that occurred on Thursday, April 24th. The stock was sold at an average price of $196.73, for a total value 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 trade 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%

Shares of GE stock traded up $3.38 during trading hours on Wednesday, reaching $245.38. 6,935,788 shares of the company's stock were exchanged, compared to its average volume of 5,417,389. GE Aerospace has a fifty-two week low of $150.20 and a fifty-two week high of $257.47. The stock's 50 day moving average is $212.06 and its 200-day moving average is $197.14. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88. The company has a market cap of $261.67 billion, a price-to-earnings ratio of 40.97, a P/E/G 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 for the quarter, beating the consensus estimate of $1.29 by $0.20. GE Aerospace had a return on equity of 22.19% and a net margin of 14.31%. The company had revenue of $9.94 billion during the quarter, compared to analysts' expectations of $9.06 billion. Analysts predict that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on GE shares. 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. Wells Fargo & Company raised their price target on GE Aerospace from $212.00 to $222.00 and gave the stock an "overweight" rating in a research note on Thursday, April 24th. Citigroup cut their price objective on GE Aerospace from $235.00 to $227.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. UBS Group increased their target price on GE Aerospace from $207.00 to $216.00 and gave the stock a "buy" rating in a research note on Wednesday, April 23rd. Finally, Northcoast Research lowered shares of GE Aerospace from a "buy" rating to a "neutral" rating in a research note on Monday, May 19th. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, GE Aerospace has a consensus rating of "Moderate Buy" and a consensus target price of $221.15.

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.