General Electric (NYSE:GE) Holdings Lowered by Soltis Investment Advisors LLC
Soltis Investment Advisors LLC trimmed its stake in shares of General Electric (NYSE:GE – Get Rating) by 18.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,684 shares of the conglomerate’s stock after selling 1,520 shares during the quarter. Soltis Investment Advisors LLC’s holdings in General Electric were worth $560,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently made changes to their positions in the business. Addenda Capital Inc. acquired a new stake in General Electric in the fourth quarter valued at approximately $26,000. MADDEN SECURITIES Corp acquired a new stake in General Electric in the fourth quarter valued at approximately $28,000. Standard Family Office LLC acquired a new stake in General Electric in the third quarter valued at approximately $29,000. RE Dickinson Investment Advisors LLC lifted its stake in General Electric by 37.5% in the third quarter. RE Dickinson Investment Advisors LLC now owns 477 shares of the conglomerate’s stock valued at $30,000 after acquiring an additional 130 shares during the last quarter. Finally, TFO TDC LLC acquired a new stake in General Electric in the fourth quarter valued at approximately $31,000. Institutional investors and hedge funds own 70.12% of the company’s stock.
Insider Buying and Selling
In other General Electric news, VP Thomas S. Timko sold 7,254 shares of the company’s stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $100.82, for a total transaction of $731,348.28. Following the transaction, the vice president now directly owns 20,953 shares in the company, valued at approximately $2,112,481.46. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.67% of the stock is owned by corporate insiders.
General Electric Stock Up 0.2 %
GE opened at $99.70 on Friday. The firm’s 50-day simple moving average is $94.84 and its 200-day simple moving average is $86.31. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.92 and a current ratio of 1.25. General Electric has a twelve month low of $46.55 and a twelve month high of $102.95. The firm has a market cap of $108.57 billion, a price-to-earnings ratio of 12.97, a PEG ratio of 7.06 and a beta of 1.27.
General Electric (NYSE:GE – Get Rating) last issued its quarterly earnings results on Tuesday, April 25th. The conglomerate reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.14. The business had revenue of $14.49 billion for the quarter, compared to the consensus estimate of $13.46 billion. General Electric had a net margin of 11.85% and a return on equity of 9.45%. The firm’s quarterly revenue was up 14.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.24 EPS. Equities research analysts anticipate that General Electric will post 2.03 EPS for the current fiscal year.
Analysts Set New Price Targets
A number of analysts have issued reports on the stock. JPMorgan Chase & Co. lifted their target price on shares of General Electric from $100.00 to $102.00 and gave the company a “neutral” rating in a research note on Wednesday, April 26th. Morgan Stanley boosted their price objective on shares of General Electric from $90.00 to $110.00 and gave the stock an “overweight” rating in a research note on Friday, March 31st. TheStreet upgraded shares of General Electric from a “c” rating to a “b-” rating in a research note on Friday, February 10th. Oppenheimer boosted their price objective on shares of General Electric from $98.00 to $102.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 14th. Finally, Jefferies Financial Group upgraded shares of General Electric from a “hold” rating to a “buy” rating and set a $120.00 price objective for the company in a research note on Thursday, April 20th. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $103.20.
General Electric Profile
General Electric Co engages in the provision of commercial and military aircraft engines and systems, wind, and other renewable energy generation equipment and grid solutions, and gas, steam, nuclear, and other power generation equipment. It operates through the following segments: Aviation, Healthcare, Renewable Energy, and Power.
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