Wealth Alliance Advisory Group LLC Sells 210 Shares of General Electric (NYSE:GE)

Wealth Alliance Advisory Group LLC cut its stake in General Electric (NYSE:GE) by 2.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 8,332 shares of the conglomerate’s stock after selling 210 shares during the quarter. Wealth Alliance Advisory Group LLC’s holdings in General Electric were worth $1,390,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Toth Financial Advisory Corp bought a new stake in shares of General Electric during the 3rd quarter worth $25,000. Valley Wealth Managers Inc. bought a new position in General Electric in the 3rd quarter worth approximately $25,000. O Brien Wealth Partners LLC bought a new position in shares of General Electric in the third quarter worth $27,000. Peterson Financial Group Inc. purchased a new position in General Electric during the 3rd quarter valued at about $28,000. Finally, RPg Family Wealth Advisory LLC purchased a new position in General Electric during the third quarter valued at approximately $30,000. 74.77% of the stock is owned by hedge funds and other institutional investors.

General Electric Stock Performance

General Electric stock opened at $182.83 on Friday. General Electric has a 1-year low of $101.16 and a 1-year high of $194.80. The firm has a market cap of $197.87 billion, a P/E ratio of 32.13, a P/E/G ratio of 1.40 and a beta of 1.19. The company has a current ratio of 1.13, a quick ratio of 0.85 and a debt-to-equity ratio of 0.95. The firm has a 50-day moving average of $174.33 and a 200-day moving average of $174.00.

General Electric (NYSE:GE) last issued its quarterly earnings data on Tuesday, October 22nd. The conglomerate reported $1.15 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.02. The firm had revenue of $9.84 billion for the quarter, compared to analyst estimates of $9.02 billion. General Electric had a return on equity of 18.93% and a net margin of 11.48%. The business’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same period last year, the company earned $0.82 EPS. Sell-side analysts expect that General Electric will post 4.23 EPS for the current year.

General Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 27th will be issued a $0.28 dividend. The ex-dividend date is Friday, December 27th. This represents a $1.12 annualized dividend and a yield of 0.61%. General Electric’s dividend payout ratio (DPR) is presently 19.68%.

Insider Transactions at General Electric

In related news, SVP Riccardo Procacci sold 7,000 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $181.13, for a total value of $1,267,910.00. Following the completion of the transaction, the senior vice president now directly owns 13,289 shares in the company, valued at $2,407,036.57. This trade represents a 34.50 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Russell Stokes sold 15,550 shares of the company’s stock in a transaction dated 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 approximately $26,539,714.53. This trade represents a 9.46 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.66% of the company’s stock.

Analyst Ratings Changes

GE has been the topic of a number of recent analyst reports. Sanford C. Bernstein increased their price objective on General Electric from $201.00 to $225.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Bank of America lifted their price objective on shares of General Electric from $180.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Citigroup raised their price target on General Electric from $198.00 to $216.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Melius Research upped their price objective on General Electric from $194.00 to $202.00 in a report on Tuesday, October 22nd. Finally, Northcoast Research started coverage on General Electric in a research report on Tuesday, January 7th. They issued a “neutral” rating for the company. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $201.47.

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.