Total Wealth Planning & Management Inc. Invests $489,000 in GE Aerospace (NYSE:GE)

Total Wealth Planning & Management Inc. acquired a new position in GE Aerospace (NYSE:GE - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,933 shares of the company's stock, valued at approximately $489,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Brighton Jones LLC raised 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 acquiring an additional 2,421 shares during the period. Peak Financial Management Inc. raised its position in shares of GE Aerospace by 14.5% during the 4th quarter. Peak Financial Management Inc. now owns 2,370 shares of the company's stock valued at $395,000 after purchasing an additional 301 shares during the period. Drive Wealth Management LLC raised its position in shares of GE Aerospace by 11.2% during the 4th quarter. Drive Wealth Management LLC now owns 2,828 shares of the company's stock valued at $472,000 after purchasing an additional 285 shares during the period. PFG Investments LLC raised its position in shares of GE Aerospace by 4.8% during the 4th quarter. PFG Investments LLC now owns 27,321 shares of the company's stock valued at $4,557,000 after purchasing an additional 1,248 shares during the period. Finally, Blue Trust Inc. grew its stake in GE Aerospace by 35.8% during the fourth quarter. Blue Trust Inc. now owns 18,523 shares of the company's stock valued at $3,089,000 after acquiring an additional 4,880 shares in the last quarter. Hedge funds and other institutional investors own 74.77% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on GE shares. Citigroup dropped their price objective 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. Royal Bank of Canada reaffirmed an "outperform" rating and set a $220.00 price target on shares of GE Aerospace in a research note on Wednesday, April 23rd. UBS Group lifted their price objective on shares of GE Aerospace from $207.00 to $216.00 and gave the company a "buy" rating in a report on Wednesday, April 23rd. Northcoast Research downgraded shares of GE Aerospace from a "buy" rating to a "neutral" rating in a research report on Monday, May 19th. Finally, Wells Fargo & Company boosted their target price on shares of GE Aerospace from $212.00 to $222.00 and gave the stock an "overweight" rating in a research report on Thursday, April 24th. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $216.92.

GE Aerospace Stock Up 0.4%

Shares of GE traded up $1.02 during mid-day trading on Friday, hitting $245.18. 2,292,706 shares of the company's stock were exchanged, compared to its average volume of 5,349,961. The company has a market cap of $261.45 billion, a price-to-earnings ratio of 40.93, a P/E/G ratio of 2.59 and a beta of 1.31. GE Aerospace has a fifty-two week low of $150.20 and a fifty-two week high of $246.00. 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 stock's 50-day moving average is $204.52 and its 200-day moving average is $193.17.

GE Aerospace (NYSE:GE - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The company reported $1.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.29 by $0.20. The business had revenue of $9.94 billion for the quarter, compared to analyst estimates of $9.06 billion. GE Aerospace had a net margin of 14.31% and a return on equity of 22.19%. On average, sell-side analysts anticipate that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

Insider Activity

In related news, SVP Mohamed Ali sold 1,602 shares of the stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $200.67, for a total value of $321,473.34. Following the sale, the senior vice president now owns 8,805 shares of the company's stock, valued at $1,766,899.35. This trade represents a 15.39% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Robert M. Giglietti sold 4,104 shares of the stock in a transaction dated Thursday, April 24th. The shares were sold at an average price of $196.73, for a total transaction of $807,379.92. Following the completion of the transaction, the vice president now 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. Corporate 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.