Palacios Wealth Management LLC Makes New Investment in General Electric (NYSE:GE)

Palacios Wealth Management LLC purchased a new position in shares of General Electric (NYSE:GE) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,281 shares of the conglomerate’s stock, valued at approximately $231,000.

A number of other institutional investors have also recently bought and sold shares of GE. Compagnie Lombard Odier SCmA boosted its holdings in shares of General Electric by 1.4% during the fourth quarter. Compagnie Lombard Odier SCmA now owns 23,771 shares of the conglomerate’s stock worth $3,965,000 after acquiring an additional 331 shares during the period. Arcus Capital Partners LLC boosted its holdings in shares of General Electric by 3.2% during the fourth quarter. Arcus Capital Partners LLC now owns 11,910 shares of the conglomerate’s stock worth $2,091,000 after acquiring an additional 365 shares during the period. Vontobel Holding Ltd. boosted its holdings in shares of General Electric by 40.9% during the fourth quarter. Vontobel Holding Ltd. now owns 22,068 shares of the conglomerate’s stock worth $3,681,000 after acquiring an additional 6,404 shares during the period. Bogart Wealth LLC boosted its holdings in shares of General Electric by 23.0% during the fourth quarter. Bogart Wealth LLC now owns 535 shares of the conglomerate’s stock worth $89,000 after acquiring an additional 100 shares during the period. Finally, Catalyst Financial Partners LLC boosted its holdings in shares of General Electric by 1.3% during the fourth quarter. Catalyst Financial Partners LLC now owns 5,523 shares of the conglomerate’s stock worth $921,000 after acquiring an additional 70 shares during the period. Institutional investors and hedge funds own 74.77% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on GE shares. Citigroup boosted 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. Bank of America boosted their price target on General Electric from $200.00 to $225.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Deutsche Bank Aktiengesellschaft cut their price target on General Electric from $235.00 to $228.00 and set a “buy” rating for the company in a research note on Thursday, January 2nd. Melius Research boosted their price target on General Electric from $194.00 to $202.00 in a research note on Tuesday, October 22nd. Finally, Wells Fargo & Company boosted their price target on General Electric from $225.00 to $250.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $208.73.

General Electric Stock Down 0.6 %

Shares of GE opened at $208.35 on Friday. General Electric has a one year low of $113.88 and a one year high of $211.42. The company has a market cap of $223.62 billion, a P/E ratio of 34.78, a P/E/G ratio of 2.56 and a beta of 1.22. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81. The firm has a 50 day simple moving average of $181.29 and a two-hundred day simple moving average of $178.78.

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

General Electric Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, January 27th. Stockholders of record on Friday, December 27th were issued a dividend of $0.28 per share. The ex-dividend date of this dividend was Friday, December 27th. This represents a $1.12 annualized dividend and a dividend yield of 0.54%. General Electric’s dividend payout ratio (DPR) is presently 18.70%.

Insider Transactions at General Electric

In other news, SVP Russell Stokes sold 15,550 shares of the company’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $178.29, for a total transaction of $2,772,409.50. Following the completion of the transaction, the senior vice president now directly owns 148,857 shares in the company, valued at approximately $26,539,714.53. This represents a 9.46 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.66% of the company’s stock.

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.