Choice Wealth Advisors LLC Takes Position in GE Aerospace (NYSE:GE)

Choice Wealth Advisors LLC purchased a new stake in shares of GE Aerospace (NYSE:GE) during the first quarter, HoldingsChannel.com reports. The institutional investor purchased 1,099 shares of the company’s stock, valued at approximately $220,000. GE Aerospace accounts for approximately 0.1% of Choice Wealth Advisors LLC’s holdings, making the stock its 27th largest position.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sendero Wealth Management LLC lifted its holdings in shares of GE Aerospace by 526.6% during the first quarter. Sendero Wealth Management LLC now owns 15,008 shares of the company’s stock valued at $3,004,000 after purchasing an additional 12,613 shares in the last quarter. Chung Wu Investment Group LLC bought a new position in shares of GE Aerospace during the fourth quarter valued at $795,000. National Bank of Canada FI lifted its holdings in shares of GE Aerospace by 2.9% during the fourth quarter. National Bank of Canada FI now owns 1,064,417 shares of the company’s stock valued at $177,535,000 after purchasing an additional 29,844 shares in the last quarter. National Pension Service lifted its holdings in shares of GE Aerospace by 1.7% during the fourth quarter. National Pension Service now owns 2,254,637 shares of the company’s stock valued at $376,051,000 after purchasing an additional 37,884 shares in the last quarter. Finally, FourThought Financial Partners LLC bought a new position in shares of GE Aerospace during the fourth quarter valued at $507,000. 74.77% of the stock is owned by institutional investors.

Analysts Set New Price Targets

GE has been the topic of a number of recent research reports. Redburn Atlantic initiated coverage on GE Aerospace in a report on Tuesday, February 18th. They issued a “buy” rating and a $250.00 target price on the stock. Citigroup lowered their target price 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 increased their target price on GE Aerospace from $207.00 to $216.00 and gave the company a “buy” rating in a report on Wednesday, April 23rd. Wells Fargo & Company increased their target price on GE Aerospace from $212.00 to $222.00 and gave the company an “overweight” rating in a report on Thursday, April 24th. Finally, Royal Bank of Canada increased their target price on GE Aerospace from $220.00 to $275.00 and gave the company an “outperform” rating in a report on Tuesday. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $221.15.

Insider Transactions at GE Aerospace

In related news, VP Robert M. Giglietti sold 4,104 shares of GE Aerospace stock in a transaction that occurred on Thursday, April 24th. The stock was sold at an average price of $196.73, for a total transaction of $807,379.92. Following the sale, the vice president now owns 11,540 shares of the company’s stock, valued at approximately $2,270,264.20. This trade represents 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 link. Also, SVP Mohamed Ali sold 1,602 shares of GE Aerospace 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 sale, the senior vice president now directly owns 8,805 shares in the company, valued at $1,766,899.35. This trade represents a 15.39% 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 Stock Up 0.3%

NYSE GE opened at $251.73 on Friday. The stock’s 50-day moving average price is $208.91 and its 200-day moving average price is $195.55. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.88. GE Aerospace has a 52 week low of $150.20 and a 52 week high of $253.42. The company has a market capitalization of $268.44 billion, a P/E ratio of 42.03, a price-to-earnings-growth ratio of 2.59 and a beta of 1.38.

GE Aerospace (NYSE:GE) last posted its quarterly earnings data on Tuesday, April 22nd. The company reported $1.49 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $9.06 billion. On average, equities research analysts predict that GE Aerospace will post 5.4 earnings per share for the current year.

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.