GPS Wealth Strategies Group LLC Has $129,000 Holdings in GE Aerospace (NYSE:GE)

GPS Wealth Strategies Group LLC cut its position in shares of GE Aerospace (NYSE:GE) by 17.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 646 shares of the company’s stock after selling 133 shares during the quarter. GPS Wealth Strategies Group LLC’s holdings in GE Aerospace were worth $129,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of GE. Brighton Jones LLC increased its position in shares of GE Aerospace by 25.3% during the fourth quarter. Brighton Jones LLC now owns 12,008 shares of the company’s stock worth $2,003,000 after buying an additional 2,421 shares during the period. Revolve Wealth Partners LLC grew its holdings in GE Aerospace by 7.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 2,251 shares of the company’s stock worth $375,000 after purchasing an additional 150 shares during the period. Avidian Wealth Enterprises LLC grew its holdings in GE Aerospace by 9.2% in the fourth quarter. Avidian Wealth Enterprises LLC now owns 2,556 shares of the company’s stock worth $426,000 after purchasing an additional 215 shares during the period. Avestar Capital LLC grew its holdings in GE Aerospace by 22.2% in the fourth quarter. Avestar Capital LLC now owns 6,444 shares of the company’s stock worth $1,075,000 after purchasing an additional 1,171 shares during the period. Finally, Asset Management One Co. Ltd. grew its holdings in GE Aerospace by 2.4% in the fourth quarter. Asset Management One Co. Ltd. now owns 443,365 shares of the company’s stock worth $75,408,000 after purchasing an additional 10,254 shares during the period. 74.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

GE has been the subject of a number of research reports. Royal Bank of Canada set a $275.00 price target on shares of GE Aerospace and gave the stock an “outperform” rating in a report on Tuesday, June 3rd. Citigroup reduced their price target on shares of 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 raised their price target on shares of GE Aerospace from $212.00 to $222.00 and gave the stock an “overweight” rating in a report on Thursday, April 24th. Northcoast Research cut shares of GE Aerospace from a “buy” rating to a “neutral” rating in a report on Monday, May 19th. Finally, Redburn Atlantic initiated coverage on shares of GE Aerospace in a report on Tuesday, February 18th. They issued a “buy” rating and a $250.00 price target for the company. 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 data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $221.15.

GE Aerospace Price Performance

GE opened at $236.07 on Friday. The company has a market capitalization of $251.74 billion, a price-to-earnings ratio of 39.41, a PEG ratio of 2.59 and a beta of 1.38. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.88. The firm has a 50-day moving average price of $216.42 and a 200-day moving average price of $198.24. GE Aerospace has a twelve month low of $150.20 and a twelve month high of $257.47.

GE Aerospace (NYSE:GE) last issued its quarterly earnings data on Tuesday, April 22nd. The company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.29 by $0.20. The company had revenue of $9.94 billion during the quarter, compared to analysts’ expectations of $9.06 billion. GE Aerospace had a net margin of 14.31% and a return on equity of 22.19%. Equities analysts expect that GE Aerospace will post 5.4 EPS for the current year.

Insider Activity at GE Aerospace

In other GE Aerospace news, VP Robert M. Giglietti sold 4,104 shares of GE Aerospace stock in a transaction that occurred on 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 sale, the vice president now directly owns 11,540 shares in the company, valued at $2,270,264.20. The trade was a 26.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available 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 stock was sold at an average price of $200.67, for a total transaction of $321,473.34. Following the completion of the sale, the senior vice president now owns 8,805 shares of the company’s stock, valued at approximately $1,766,899.35. The trade was a 15.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.21% of the stock is owned by corporate insiders.

GE Aerospace 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.