GE Aerospace (NYSE:GE) Holdings Trimmed by Fiduciary Alliance LLC

Fiduciary Alliance LLC lowered its holdings in GE Aerospace (NYSE:GE - Free Report) by 28.7% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,515 shares of the company's stock after selling 1,013 shares during the period. Fiduciary Alliance LLC's holdings in GE Aerospace were worth $503,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Baker Tilly Wealth Management LLC lifted its stake in GE Aerospace by 14.6% during the first quarter. Baker Tilly Wealth Management LLC now owns 2,818 shares of the company's stock worth $564,000 after purchasing an additional 359 shares during the last quarter. American National Bank & Trust grew its holdings in shares of GE Aerospace by 5.8% during the first quarter. American National Bank & Trust now owns 5,112 shares of the company's stock valued at $1,023,000 after purchasing an additional 280 shares during the last quarter. Czech National Bank lifted its holdings in shares of GE Aerospace by 5.1% in the 1st quarter. Czech National Bank now owns 246,518 shares of the company's stock worth $49,341,000 after purchasing an additional 11,855 shares during the last quarter. Quantum Financial Advisors LLC acquired a new position in GE Aerospace during the 1st quarter valued at approximately $297,000. Finally, Mirador Capital Partners LP acquired a new position in GE Aerospace during the 1st quarter valued at approximately $323,000. 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 stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $200.67, for a total value 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 trade represents a 15.39% decrease in their position. The transaction 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 GE Aerospace stock in a transaction dated Thursday, April 24th. The stock was sold at an average price of $196.73, for a total value of $807,379.92. Following the completion of the transaction, the vice president now directly owns 11,540 shares in the company, valued at $2,270,264.20. This represents a 26.23% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.21% of the company's stock.

Analysts Set New Price Targets

A number of research firms have issued reports on GE. Royal Bank of Canada set a $275.00 target price on GE Aerospace and gave the company an "outperform" rating in a research note on Tuesday. UBS Group increased their price objective on shares of GE Aerospace from $207.00 to $216.00 and gave the stock a "buy" rating in a report on Wednesday, April 23rd. Citigroup reduced their target price on shares of GE Aerospace from $235.00 to $227.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Wells Fargo & Company raised 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, 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 objective for the company. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $221.15.

GE Aerospace Price Performance

NYSE GE traded up $2.99 on Friday, reaching $254.91. 3,821,211 shares of the stock traded hands, compared to its average volume of 5,808,007. The firm's fifty day simple moving average is $208.91 and its 200 day simple moving average is $195.55. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.88. The company has a market cap of $271.83 billion, a price-to-earnings ratio of 42.56, a P/E/G ratio of 2.59 and a beta of 1.38. GE Aerospace has a 12 month low of $150.20 and a 12 month high of $257.47.

GE Aerospace (NYSE:GE - Get Free Report) last announced its 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. The business had revenue of $9.94 billion during the quarter, compared to analysts' expectations of $9.06 billion. GE Aerospace had a return on equity of 22.19% and a net margin of 14.31%. As a group, research analysts predict that GE Aerospace will post 5.4 EPS for the current fiscal year.

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.