Pinnacle Wealth Planning Services Inc. Has $646,000 Stock Holdings in GE Aerospace (NYSE:GE)

Pinnacle Wealth Planning Services Inc. lowered its holdings in shares of GE Aerospace (NYSE:GE - Free Report) by 27.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,876 shares of the company's stock after selling 1,463 shares during the period. Pinnacle Wealth Planning Services Inc.'s holdings in GE Aerospace were worth $646,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of GE Aerospace by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 89,815,318 shares of the company's stock valued at $14,980,297,000 after purchasing an additional 410,172 shares in the last quarter. FMR LLC boosted its stake in shares of GE Aerospace by 1.5% in the 4th quarter. FMR LLC now owns 66,823,968 shares of the company's stock valued at $11,145,570,000 after purchasing an additional 965,012 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of GE Aerospace by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 23,117,418 shares of the company's stock valued at $3,846,587,000 after purchasing an additional 529,457 shares in the last quarter. Norges Bank acquired a new stake in shares of GE Aerospace in the 4th quarter valued at $2,375,439,000. Finally, Northern Trust Corp raised its holdings in shares of GE Aerospace by 5.8% in the fourth quarter. Northern Trust Corp now owns 10,046,867 shares of the company's stock valued at $1,675,717,000 after buying an additional 553,104 shares during the last quarter. Institutional investors and hedge funds own 74.77% of the company's stock.

GE Aerospace Trading Up 0.8%

NYSE:GE traded up $1.86 on Wednesday, hitting $243.64. 9,563,505 shares of the stock were exchanged, compared to its average volume of 5,360,607. The stock has a market capitalization of $259.81 billion, a price-to-earnings ratio of 40.67, a P/E/G ratio of 2.59 and a beta of 1.31. GE Aerospace has a 52 week low of $150.20 and a 52 week high of $246.52. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 1.09. The company's 50-day moving average price is $203.06 and its 200 day moving average price is $192.40.

GE Aerospace (NYSE:GE - Get Free Report) last announced its quarterly earnings data 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 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%. On average, equities research analysts forecast that GE Aerospace will post 5.4 earnings per share for the current year.

Insider Transactions at GE Aerospace

In related news, 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 completion of the transaction, the vice president now directly owns 11,540 shares in the company, valued at approximately $2,270,264.20. The trade was a 26.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Mohamed Ali sold 1,602 shares of the business'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 completion of the transaction, the senior vice president now owns 8,805 shares of the company's stock, valued at $1,766,899.35. This represents a 15.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.21% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on GE. UBS Group lifted their price target on GE Aerospace from $207.00 to $216.00 and gave the company a "buy" rating in a report on Wednesday, April 23rd. Citigroup cut their price target on GE Aerospace from $235.00 to $227.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Wells Fargo & Company lifted their price target on GE Aerospace from $212.00 to $222.00 and gave the company an "overweight" rating in a report on Thursday, April 24th. Redburn Atlantic began coverage on GE Aerospace in a report on Tuesday, February 18th. They issued a "buy" rating and a $250.00 price target for the company. Finally, Northcoast Research cut GE Aerospace from a "buy" rating to a "neutral" rating in a report on Monday, May 19th. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, GE Aerospace currently has an average rating of "Moderate Buy" and a consensus target price of $216.92.

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.