Salomon & Ludwin LLC Sells 110 Shares of General Electric (NYSE:GE)

Salomon & Ludwin LLC lessened its stake in shares of General Electric (NYSE:GE) by 19.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 466 shares of the conglomerate’s stock after selling 110 shares during the quarter. Salomon & Ludwin LLC’s holdings in General Electric were worth $78,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Toth Financial Advisory Corp acquired a new stake in General Electric in the 3rd quarter valued at approximately $25,000. Valley Wealth Managers Inc. acquired a new stake in General Electric in the 3rd quarter valued at approximately $25,000. O Brien Wealth Partners LLC acquired a new stake in General Electric in the 3rd quarter valued at approximately $27,000. Peterson Financial Group Inc. acquired a new stake in General Electric in the 3rd quarter valued at approximately $28,000. Finally, RPg Family Wealth Advisory LLC acquired a new stake in General Electric in the 3rd quarter valued at approximately $30,000. Institutional investors own 74.77% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Wells Fargo & Company lifted their price objective on General Electric from $225.00 to $250.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. Northcoast Research assumed coverage on General Electric in a report on Tuesday, January 7th. They set a “neutral” rating on the stock. Royal Bank of Canada reissued an “outperform” rating and set a $200.00 price objective on shares of General Electric in a report on Wednesday, January 22nd. Citigroup lifted their price objective on General Electric from $216.00 to $235.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Finally, UBS Group lifted their price objective on General Electric from $215.00 to $235.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, General Electric has an average rating of “Moderate Buy” and a consensus target price of $208.73.

Insider Buying and Selling at General Electric

In other news, SVP Russell Stokes sold 15,550 shares of the business’s stock in a transaction 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 completion of the sale, the senior vice president now owns 148,857 shares in the company, valued at $26,539,714.53. The trade was a 9.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.66% of the company’s stock.

General Electric Trading Up 0.1 %

Shares of GE opened at $208.62 on Friday. The stock has a fifty day moving average price of $182.00 and a two-hundred day moving average price of $178.98. 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 has a 52-week low of $117.43 and a 52-week high of $211.42. The company has a market cap of $223.91 billion, a price-to-earnings ratio of 34.83, a PEG ratio of 2.56 and a beta of 1.22.

General Electric (NYSE:GE) last issued its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share (EPS) for the quarter, beating 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%. Analysts predict that General Electric will post 5.39 EPS for the current fiscal year.

General Electric Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, March 10th will be given a $0.36 dividend. This is an increase from General Electric’s previous quarterly dividend of $0.28. This represents a $1.44 annualized dividend and a yield of 0.69%. General Electric’s payout ratio is presently 18.70%.

General Electric Profile

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.