PharVision Advisers LLC Makes New $467,000 Investment in GE Aerospace (NYSE:GE)

PharVision Advisers LLC acquired a new stake in shares of GE Aerospace (NYSE:GE) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,799 shares of the company’s stock, valued at approximately $467,000.

Several other large investors have also recently made changes to their positions in GE. Ameritas Advisory Services LLC raised its holdings in shares of GE Aerospace by 9.4% during the 4th quarter. Ameritas Advisory Services LLC now owns 11,745 shares of the company’s stock worth $1,959,000 after acquiring an additional 1,007 shares in the last quarter. LVW Advisors LLC bought a new stake in GE Aerospace in the fourth quarter worth $214,000. Diversify Wealth Management LLC raised its stake in GE Aerospace by 3.4% during the fourth quarter. Diversify Wealth Management LLC now owns 4,846 shares of the company’s stock valued at $832,000 after purchasing an additional 161 shares in the last quarter. Diversify Advisory Services LLC lifted its position in GE Aerospace by 74.4% during the fourth quarter. Diversify Advisory Services LLC now owns 2,856 shares of the company’s stock valued at $490,000 after purchasing an additional 1,218 shares during the last quarter. Finally, UMB Bank n.a. lifted its position in GE Aerospace by 15.3% during the fourth quarter. UMB Bank n.a. now owns 8,760 shares of the company’s stock valued at $1,461,000 after purchasing an additional 1,160 shares during the last quarter. 74.77% of the stock is owned by institutional investors.

Insider Transactions at GE Aerospace

In related news, SVP Mohamed Ali sold 1,602 shares of the company’s 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 completion of the sale, 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Robert M. Giglietti sold 4,104 shares of the stock in a transaction dated Thursday, April 24th. The stock was sold at an average price of $196.73, for a total transaction of $807,379.92. Following the transaction, the vice president now owns 11,540 shares in the company, valued at approximately $2,270,264.20. The trade was a 26.23% 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.

GE Aerospace Stock Down 0.2%

NYSE:GE opened at $234.93 on Wednesday. The company has a market cap of $250.53 billion, a price-to-earnings ratio of 39.22, a price-to-earnings-growth ratio of 2.59 and a beta of 1.31. GE Aerospace has a twelve month low of $150.20 and a twelve month high of $236.08. 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 stock has a fifty day simple moving average of $199.84 and a 200-day simple moving average of $190.46.

GE Aerospace (NYSE:GE) last posted its quarterly earnings results on Tuesday, April 22nd. The company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.29 by $0.20. The company had revenue of $9.94 billion for the quarter, compared to the consensus estimate of $9.06 billion. GE Aerospace had a net margin of 14.31% and a return on equity of 22.19%. Analysts anticipate that GE Aerospace will post 5.4 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Northcoast Research downgraded shares of GE Aerospace from a “buy” rating to a “neutral” rating in a report on Monday. Bank of America boosted their price objective on GE Aerospace from $200.00 to $225.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. UBS Group raised their price objective on GE Aerospace from $207.00 to $216.00 and gave the company a “buy” rating in a research note on Wednesday, April 23rd. JPMorgan Chase & Co. lifted their target price on GE Aerospace from $190.00 to $210.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. Finally, Redburn Atlantic started coverage on GE Aerospace in a report on Tuesday, February 18th. They set a “buy” rating and a $250.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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.