General Electric (NYSE:GE) Holdings Downgraded by Soltis Investment Advisors LLC

Financial Advisors


Soltis Investment Advisors LLC reduced its stake in General Electric (NYSE: GE – Rated) shares by 18.5% during the fourth quarter, according to the latest filings with the Securities and Exchange Commission. The institutional investor owned 6,684 shares in the conglomerate after selling 1,520 shares during the quarter. Soltis Investment Advisors LLC’s General Electric stock was valued at $560,000 in its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently changed positions in the business. Addenda Capital acquired new General Electric shares worth approximately $26,000 in the fourth quarter. MADDEN SECURITIES Corp acquired new General Electric shares worth approximately $28,000 in the fourth quarter. Standard Family Office LLC acquired new shares of General Electric Company in the third quarter for a value of approximately $29,000. RE Dickinson Investment Advisors LLC raised his General Electric stock 37.5% in the third quarter. RE Dickinson Investment Advisors LLC now owns 477 shares of the conglomerate, valued at $30,000, after acquiring an additional 130 shares during the previous quarter. Finally, TFO TDC LLC acquired new General Electric Company stock valued at approximately $31,000 in the fourth quarter. Institutional investors and hedge funds hold 70.12% of the company’s shares.

insider trading

In other news from General Electric, Vice President Thomas S. Timko sold 7,254 shares of the company in a transaction on Monday, May 1. The shares were sold at an average price of $100.82 for a total transaction value of $731,348.28. Following the transaction, the Vice President became a direct owner of 20,953 shares of the company, valued at approximately $2,112,481.46. The transaction was disclosed in filings with the SEC and can be accessed on the SEC’s website. 0.67% of the shares are owned by corporate insiders.

General Electric stock gains 0.2%

GE opened Friday at $99.70. The company’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 hit a 12-month low of $46.55 and a 12-month high of $102.95. The company has a market cap of $108.57 billion, a price/earnings multiple of 12.97x, a PEG ratio of 7.06x, and a beta of 1.27x.

General Electric (NYSE: GE – Get Rating) last reported quarterly results on Tuesday, April 25th. The company reported earnings per share (EPS) of $0.27 for the quarter, beating consensus expectations of $0.13 by $0.14. The business had sales of $14.49 billion in the quarter, compared with consensus expectations of $13.46 billion. General Electric’s net margin was 11.85% and return on equity was 9.45%. The company’s quarterly sales increased by 14.3% year-on-year. The company’s EPS in the year-ago quarter was $0.24. Equity research analysts expect General Electric’s EPS to be $2.03 this fiscal year.

Analysts set new price target

Many analysts have published reports on the stock. JPMorgan Chase raised its price target on General Electric stock to $102.00 from $100.00 in a research note on Wednesday, April 26, giving the company a Neutral rating. Morgan Stanley raised its price target on General Electric stock to $110.00 from $90.00 and gave the stock an Overweight rating in its research note on Friday, March 31. TheStreet upgraded General Electric’s stock from a ‘c’ rating to a ‘b-‘ rating on Friday, February 10 in a research note. Oppenheimer raised his price target on General Electric stock to $102.00 from $98.00, giving the stock an “outperform” rating in a research note on Tuesday, March 14. Finally, Jefferies Financial Group upgraded General Electric’s stock from a ‘hold’ rating to a ‘buy’ rating and set a price target for the company at $120.00 in a research note on Thursday, April 20. Two equity research analysts gave the company a hold rating and 13 gave a buy rating. Based on MarketBeat.com data, the company currently has an average rating of “Moderate Buy” and an average target price of $103.20.

General Electric Profile

(get rating)

General Electric Co is committed to providing engines and systems for civil and military aircraft, power generation equipment and grid solutions for renewable energy such as wind, and power generation equipment such as gas, steam and nuclear. We operate in the fields of aviation, healthcare, renewable energy, and electric power.

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Want to know if other hedge funds own GE? Visit HoldingsChannel.com to get the latest 13F filings and insider trading for General Electric (NYSE:GE – Rated).

General Electric Quarterly Institutional Ownership (NYSE:GE)

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