Wealth Enhancement Advisory Services LLC Acquires 34,994 Shares of GE Aerospace (NYSE:GE)

Wealth Enhancement Advisory Services LLC boosted its holdings in GE Aerospace (NYSE:GE - Free Report) by 6.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 581,337 shares of the company's stock after buying an additional 34,994 shares during the period. Wealth Enhancement Advisory Services LLC owned 0.05% of GE Aerospace worth $96,961,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in GE. NorthCrest Asset Manangement LLC raised its stake in shares of GE Aerospace by 12.6% during the fourth quarter. NorthCrest Asset Manangement LLC now owns 2,352 shares of the company's stock valued at $392,000 after purchasing an additional 263 shares during the period. Tableaux LLC purchased a new stake in shares of GE Aerospace during the fourth quarter valued at approximately $1,004,000. Centaurus Financial Inc. raised its stake in shares of GE Aerospace by 24.1% during the fourth quarter. Centaurus Financial Inc. now owns 10,836 shares of the company's stock valued at $1,807,000 after purchasing an additional 2,102 shares during the period. Lighthouse Financial LLC purchased a new stake in shares of GE Aerospace during the fourth quarter valued at approximately $1,458,000. Finally, Wood Tarver Financial Group LLC purchased a new stake in shares of GE Aerospace during the fourth quarter valued at approximately $83,000. 74.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have issued reports on GE shares. Redburn Atlantic started coverage on GE Aerospace in a research report on Tuesday, February 18th. They issued a "buy" rating and a $250.00 target price on the stock. Wells Fargo & Company upped their target price on GE Aerospace from $212.00 to $222.00 and gave the company an "overweight" rating in a research report on Thursday, April 24th. Citigroup cut their target price 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 upped their target price on GE Aerospace from $207.00 to $216.00 and gave the company a "buy" rating in a research report on Wednesday, April 23rd. Finally, Northcoast Research lowered GE Aerospace from a "buy" rating to a "neutral" rating in a research report on Monday, May 19th. Two equities 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 company currently has an average rating of "Moderate Buy" and a consensus price target of $216.92.

GE Aerospace Price Performance

Shares of GE Aerospace stock traded up $0.47 during mid-day trading on Thursday, reaching $244.14. 5,243,611 shares of the stock were exchanged, compared to its average volume of 5,361,798. The company has a market cap of $260.34 billion, a price-to-earnings ratio of 40.76, a price-to-earnings-growth ratio of 2.59 and a beta of 1.31. 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 firm has a 50-day simple moving average of $203.85 and a 200 day simple moving average of $192.75. GE Aerospace has a fifty-two week low of $150.20 and a fifty-two week high of $247.99.

GE Aerospace (NYSE:GE - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The company reported $1.49 earnings per share (EPS) 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 firm had revenue of $9.94 billion during the quarter, compared to the consensus estimate of $9.06 billion. On average, sell-side analysts predict that GE Aerospace will post 5.4 EPS for the current fiscal year.

Insider Buying and Selling at GE Aerospace

In other news, SVP Mohamed Ali sold 1,602 shares of the company's stock in a transaction dated Tuesday, April 29th. The stock was 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 directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Robert M. Giglietti sold 4,104 shares of the stock in a transaction that occurred on Thursday, April 24th. The shares were 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 of the company's stock, valued at $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.

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.