Folger Nolan Fleming Douglas Capital Management Inc. Sells 88 Shares of GE Aerospace (NYSE:GE)

Folger Nolan Fleming Douglas Capital Management Inc. cut its stake in GE Aerospace (NYSE:GE) by 0.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,270 shares of the company’s stock after selling 88 shares during the period. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in GE Aerospace were worth $2,056,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of GE. New Age Alpha Advisors LLC raised its holdings in GE Aerospace by 133.3% in the fourth quarter. New Age Alpha Advisors LLC now owns 147 shares of the company’s stock worth $25,000 after purchasing an additional 84 shares in the last quarter. Sumitomo Mitsui Financial Group Inc. bought a new stake in shares of GE Aerospace during the 4th quarter valued at $28,000. Putney Financial Group LLC purchased a new stake in shares of GE Aerospace in the 4th quarter worth about $28,000. CBIZ Investment Advisory Services LLC bought a new position in shares of GE Aerospace in the 4th quarter worth about $29,000. Finally, Picton Mahoney Asset Management lifted its position in GE Aerospace by 62.4% during the 4th quarter. Picton Mahoney Asset Management now owns 177 shares of the company’s stock valued at $30,000 after acquiring an additional 68 shares during the period. 74.77% of the stock is owned by institutional investors.

GE Aerospace Stock Down 2.4%

GE Aerospace stock opened at $239.55 on Friday. GE Aerospace has a one year low of $150.20 and a one year high of $257.47. The stock has a fifty day moving average of $215.08 and a 200 day moving average of $197.88. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 1.09. The stock has a market cap of $255.45 billion, a PE ratio of 39.99, a price-to-earnings-growth ratio of 2.59 and a beta of 1.38.

GE Aerospace (NYSE:GE) last released 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 14.31% and a return on equity of 22.19%. The firm had revenue of $9.94 billion during the quarter, compared to analyst estimates of $9.06 billion. As a group, sell-side analysts predict that GE Aerospace will post 5.4 EPS for the current year.

Insider Buying and Selling at GE Aerospace

In other news, SVP Mohamed Ali sold 1,602 shares of GE Aerospace stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $200.67, for a total transaction of $321,473.34. Following the transaction, the senior vice president now directly owns 8,805 shares of the company’s stock, valued at $1,766,899.35. The trade was a 15.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Robert M. Giglietti sold 4,104 shares of the business’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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. 0.21% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on GE. Redburn Atlantic began coverage on GE Aerospace in a research report on Tuesday, February 18th. They issued a “buy” rating and a $250.00 price target on the stock. Citigroup dropped 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. Royal Bank of Canada set a $275.00 target price on GE Aerospace and gave the stock an “outperform” rating in a research note on Tuesday, June 3rd. UBS Group lifted their price target on GE Aerospace from $207.00 to $216.00 and gave the stock a “buy” rating in a research report on Wednesday, April 23rd. Finally, Wells Fargo & Company increased their price objective on shares of 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 issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $221.15.

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.