First Pacific Financial Acquires 52 Shares of GE Aerospace (NYSE:GE)

First Pacific Financial increased its stake in GE Aerospace (NYSE:GE) by 46.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 165 shares of the company’s stock after acquiring an additional 52 shares during the period. First Pacific Financial’s holdings in GE Aerospace were worth $33,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Copia Wealth Management increased its position in shares of GE Aerospace by 14,200.0% during the 1st quarter. Copia Wealth Management now owns 143 shares of the company’s stock valued at $29,000 after purchasing an additional 142 shares during the last quarter. New Age Alpha Advisors LLC increased its position in GE Aerospace by 133.3% during the fourth quarter. New Age Alpha Advisors LLC now owns 147 shares of the company’s stock valued at $25,000 after acquiring an additional 84 shares during the last quarter. Sumitomo Mitsui Financial Group Inc. purchased a new stake in shares of GE Aerospace in the fourth quarter valued at $28,000. Putney Financial Group LLC purchased a new stake in shares of GE Aerospace in the fourth quarter valued at $28,000. Finally, CBIZ Investment Advisory Services LLC bought a new stake in shares of GE Aerospace in the 4th quarter worth about $29,000. 74.77% of the stock is owned by institutional investors.

Insider Activity

In other GE Aerospace news, VP Robert M. Giglietti sold 4,104 shares of the firm’s 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 completion of the sale, the vice president now directly owns 11,540 shares in the company, valued at $2,270,264.20. This trade represents a 26.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Mohamed Ali sold 1,602 shares of the company’s stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $200.67, for a total value of $321,473.34. Following the transaction, the senior vice president now directly owns 8,805 shares in the company, 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. Company insiders own 0.21% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on GE shares. UBS Group increased their price objective on shares of GE Aerospace from $207.00 to $216.00 and gave the stock a “buy” rating in a research report on Wednesday, April 23rd. Royal Bank Of Canada set a $275.00 price target on GE Aerospace and gave the stock an “outperform” rating in a report on Tuesday, June 3rd. Citigroup decreased their price target on GE Aerospace from $235.00 to $227.00 and set a “buy” rating for the company in a research note on Thursday, April 10th. Northcoast Research cut GE Aerospace from a “buy” rating to a “neutral” rating in a report on Monday, May 19th. Finally, Wells Fargo & Company upped their price objective on GE Aerospace from $212.00 to $222.00 and gave the company an “overweight” rating in a research report on Thursday, April 24th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, GE Aerospace has an average rating of “Moderate Buy” and an average price target of $221.15.

GE Aerospace Stock Up 0.4%

NYSE:GE opened at $249.86 on Thursday. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.08 and a quick ratio of 0.77. GE Aerospace has a 1-year low of $150.20 and a 1-year high of $257.47. The company has a 50-day moving average of $225.79 and a 200 day moving average of $201.64. The firm has a market cap of $266.45 billion, a PE ratio of 38.86, a price-to-earnings-growth ratio of 3.00 and a beta of 1.38.

GE Aerospace (NYSE:GE) last posted its quarterly earnings results on Tuesday, April 22nd. The company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.29 by $0.20. GE Aerospace had a net margin of 17.63% and a return on equity of 29.15%. The business had revenue of $9.94 billion during the quarter, compared to analyst estimates of $9.06 billion. As a group, research analysts anticipate that GE Aerospace will post 5.4 EPS for the current fiscal year.

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.