Crewe Advisors LLC Sells 516 Shares of General Electric (NYSE:GE)

Crewe Advisors LLC trimmed its holdings in shares of General Electric (NYSE:GE) by 15.8% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 2,742 shares of the conglomerate’s stock after selling 516 shares during the period. Crewe Advisors LLC’s holdings in General Electric were worth $457,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Toth Financial Advisory Corp bought a new position in General Electric during the third quarter valued at approximately $25,000. Valley Wealth Managers Inc. purchased a new stake in General Electric during the third quarter valued at about $25,000. O Brien Wealth Partners LLC purchased a new stake in General Electric during the third quarter valued at about $27,000. Hager Investment Management Services LLC bought a new position in shares of General Electric during the fourth quarter valued at about $27,000. Finally, Peterson Financial Group Inc. purchased a new position in shares of General Electric in the third quarter worth about $28,000. 74.77% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

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 shares were sold at an average price of $178.29, for a total transaction of $2,772,409.50. Following the transaction, the senior vice president now owns 148,857 shares of the company’s stock, valued at $26,539,714.53. The trade was a 9.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.66% of the company’s stock.

General Electric Trading Up 1.1 %

NYSE GE opened at $204.44 on Thursday. General Electric has a 12 month low of $109.26 and a 12 month high of $207.65. The stock’s fifty day moving average price is $178.24 and its 200-day moving average price is $177.16. The stock has a market cap of $221.26 billion, a P/E ratio of 34.13, a P/E/G ratio of 2.53 and a beta of 1.21. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88.

General Electric (NYSE:GE) last issued its earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share (EPS) for the quarter, topping 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%. As a group, equities analysts forecast that General Electric will post 5.39 EPS for the current fiscal year.

General Electric Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, January 27th. Shareholders of record on Friday, December 27th were paid 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 is 18.70%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Bank of America increased their target price on General Electric from $200.00 to $225.00 and gave the company a “buy” rating in a report on Monday, January 27th. Deutsche Bank Aktiengesellschaft cut their target price on shares of General Electric from $235.00 to $228.00 and set a “buy” rating on the stock in a report on Thursday, January 2nd. Citigroup lifted their target price on shares of General Electric from $216.00 to $235.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Sanford C. Bernstein increased their price target on shares of General Electric from $201.00 to $225.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Finally, Wells Fargo & Company boosted their price objective on shares of General Electric from $225.00 to $250.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus 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.