1,733 Shares in GE Aerospace (NYSE:GE) Acquired by LifeWealth Investments LLC

LifeWealth Investments LLC acquired a new stake in shares of GE Aerospace (NYSE:GE - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 1,733 shares of the company's stock, valued at approximately $347,000.

Other institutional investors have also modified their holdings of the company. Copia Wealth Management lifted its holdings in shares of GE Aerospace by 14,200.0% during the 1st quarter. Copia Wealth Management now owns 143 shares of the company's stock valued at $29,000 after purchasing an additional 142 shares in the last quarter. New Age Alpha Advisors LLC lifted its holdings in shares of GE Aerospace by 133.3% during the 4th quarter. New Age Alpha Advisors LLC now owns 147 shares of the company's stock valued at $25,000 after purchasing an additional 84 shares in the last quarter. Sumitomo Mitsui Financial Group Inc. bought a new position in shares of GE Aerospace during the 4th quarter valued at about $28,000. Putney Financial Group LLC bought a new position in shares of GE Aerospace during the 4th quarter valued at about $28,000. Finally, CBIZ Investment Advisory Services LLC bought a new position in shares of GE Aerospace during the 4th quarter valued at about $29,000. Institutional investors own 74.77% of the company's stock.

GE Aerospace Stock Up 1.3%

NYSE GE traded up $3.02 during trading on Friday, hitting $238.91. The stock had a trading volume of 9,076,781 shares, compared to its average volume of 5,386,266. The company has a market capitalization of $254.78 billion, a PE ratio of 37.16, a P/E/G ratio of 2.89 and a beta of 1.38. GE Aerospace has a 12 month low of $150.20 and a 12 month high of $257.47. The company's 50-day moving average price is $221.93 and its two-hundred day moving average price is $200.27. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.77 and a current ratio of 1.08.

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

Wall Street Analysts Forecast Growth

GE has been the topic of several recent analyst reports. Wells Fargo & Company lifted their price objective on GE Aerospace from $212.00 to $222.00 and gave the company an "overweight" rating in a report 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 report on Thursday, April 10th. UBS Group boosted their target price on GE Aerospace from $207.00 to $216.00 and gave the company a "buy" rating in a research note on Wednesday, April 23rd. 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, June 3rd. Finally, Northcoast Research cut GE Aerospace from a "buy" rating to a "neutral" rating in a research note on Monday, May 19th. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $221.15.

Insiders Place Their Bets

In other GE Aerospace news, SVP Mohamed Ali sold 1,602 shares of the business's stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $200.67, for a total transaction of $321,473.34. Following the transaction, the senior vice president now owns 8,805 shares of the company's stock, valued at $1,766,899.35. The trade was a 15.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 transaction, the vice president now directly owns 11,540 shares in the company, valued at $2,270,264.20. This trade 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.

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.