Soltis Investment Advisors LLC Decreases Stock Holdings in General Electric (NYSE:GE)

Soltis Investment Advisors LLC lessened its holdings in General Electric (NYSE:GE) by 64.0% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 10,166 shares of the conglomerate’s stock after selling 18,035 shares during the period. Soltis Investment Advisors LLC’s holdings in General Electric were worth $1,696,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Toth Financial Advisory Corp bought a new stake in General Electric in the third quarter worth $25,000. Valley Wealth Managers Inc. bought a new stake in shares of General Electric in the third quarter valued at about $25,000. O Brien Wealth Partners LLC bought a new stake in shares of General Electric in the third quarter valued at about $27,000. Hager Investment Management Services LLC purchased a new position in General Electric in the fourth quarter valued at about $27,000. Finally, Peterson Financial Group Inc. purchased a new position in General Electric in the third quarter valued at about $28,000. Institutional investors own 74.77% of the company’s stock.

Insider Buying and Selling at General Electric

In other General Electric news, SVP Russell Stokes sold 15,550 shares of General Electric stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $178.29, for a total transaction of $2,772,409.50. Following the sale, the senior vice president now directly owns 148,857 shares of the company’s stock, valued at approximately $26,539,714.53. The trade was a 9.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.66% of the company’s stock.

General Electric Stock Performance

Shares of NYSE GE opened at $205.33 on Tuesday. General Electric has a 1 year low of $110.95 and a 1 year high of $207.84. The stock has a fifty day moving average price of $179.68 and a two-hundred day moving average price of $178.00. The firm has a market cap of $220.38 billion, a P/E ratio of 34.28, a PEG ratio of 2.56 and a beta of 1.22. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 1.09.

General Electric (NYSE:GE) last issued its earnings results on Thursday, January 23rd. The conglomerate reported $1.32 EPS for the quarter, topping the consensus estimate of $1.05 by $0.27. General Electric had a return on equity of 22.19% and a net margin of 14.31%. Research analysts forecast that General Electric will post 5.39 EPS for the current fiscal year.

General Electric Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, January 27th. Shareholders of record on Friday, December 27th were issued a dividend of $0.28 per share. The ex-dividend date was Friday, December 27th. This represents a $1.12 annualized dividend and a yield of 0.55%. General Electric’s dividend payout ratio (DPR) is currently 18.70%.

Analysts Set New Price Targets

GE has been the topic of a number of recent research reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 target price on shares of General Electric in a research report on Wednesday, January 22nd. Wells Fargo & Company boosted their price target on General Electric from $225.00 to $250.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. Deutsche Bank Aktiengesellschaft dropped their target price on General Electric from $235.00 to $228.00 and set a “buy” rating for the company in a report on Thursday, January 2nd. Northcoast Research began coverage on General Electric in a report on Tuesday, January 7th. They set a “neutral” rating for the company. Finally, Sanford C. Bernstein increased their target price on General Electric from $201.00 to $225.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $208.73.

About General Electric

General Electric Company, doing business as GE Aerospace, designs and produces commercial and defense aircraft engines, integrated engine components, electric power, and mechanical aircraft systems. It also offers aftermarket services to support its products. The company operates in the United States, Europe, China, Asia, the Americas, the Middle East, and Africa.