Chemistry Wealth Management LLC Has $258,000 Holdings in GE Aerospace (NYSE:GE)

Chemistry Wealth Management LLC cut its stake in shares of GE Aerospace (NYSE:GE) by 14.9% in the 1st quarter, Holdings Channel reports. The institutional investor owned 1,287 shares of the company’s stock after selling 225 shares during the quarter. Chemistry Wealth Management LLC’s holdings in GE Aerospace were worth $258,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. SeaCrest Wealth Management LLC increased its holdings in shares of GE Aerospace by 1.3% during the first quarter. SeaCrest Wealth Management LLC now owns 14,215 shares of the company’s stock worth $2,845,000 after buying an additional 178 shares in the last quarter. Procyon Advisors LLC increased its holdings in shares of GE Aerospace by 32.9% during the first quarter. Procyon Advisors LLC now owns 2,992 shares of the company’s stock worth $599,000 after buying an additional 741 shares in the last quarter. Consilio Wealth Advisors LLC increased its holdings in shares of GE Aerospace by 5.9% during the first quarter. Consilio Wealth Advisors LLC now owns 1,278 shares of the company’s stock worth $256,000 after buying an additional 71 shares in the last quarter. Affinity Wealth Management LLC increased its holdings in shares of GE Aerospace by 4.4% during the first quarter. Affinity Wealth Management LLC now owns 1,318 shares of the company’s stock worth $264,000 after buying an additional 56 shares in the last quarter. Finally, Northwest Financial Advisors acquired a new position in shares of GE Aerospace during the first quarter worth $208,000. 74.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on GE shares. Wells Fargo & Company upped 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. Redburn Atlantic assumed coverage on shares of GE Aerospace in a report on Tuesday, February 18th. They set a “buy” rating and a $250.00 price target for the company. Citigroup decreased their price objective on GE Aerospace from $235.00 to $227.00 and set a “buy” rating for the company in a report on Thursday, April 10th. UBS Group increased their price objective on GE Aerospace from $207.00 to $216.00 and gave the company a “buy” rating in a report on Wednesday, April 23rd. Finally, Northcoast Research downgraded GE Aerospace from a “buy” rating to a “neutral” rating in a report on Monday, May 19th. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $221.15.

GE Aerospace Stock Performance

Shares of GE opened at $255.71 on Friday. 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 market capitalization of $272.69 billion, a P/E ratio of 42.69, a price-to-earnings-growth ratio of 2.59 and a beta of 1.38. The firm’s fifty day simple moving average is $209.94 and its two-hundred day simple moving average is $196.09. GE Aerospace has a 12 month low of $150.20 and a 12 month high of $257.47.

GE Aerospace (NYSE:GE) last issued its quarterly earnings results on Tuesday, April 22nd. The company reported $1.49 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.20. The business had revenue of $9.94 billion for 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%. As a group, analysts predict that GE Aerospace will post 5.4 EPS for the current year.

Insider Buying and Selling at GE Aerospace

In other GE Aerospace news, VP Robert M. Giglietti sold 4,104 shares of the company’s stock in a transaction 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 sale, the vice president now owns 11,540 shares of the company’s stock, valued at approximately $2,270,264.20. This represents a 26.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Mohamed Ali sold 1,602 shares of the company’s stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $200.67, for a total transaction 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. Insiders own 0.21% of the company’s stock.

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.