Iron Horse Wealth Management LLC Sells 99 Shares of General Electric (NYSE:GE)

Iron Horse Wealth Management LLC cut its stake in shares of General Electric (NYSE:GE) by 11.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 778 shares of the conglomerate’s stock after selling 99 shares during the period. Iron Horse Wealth Management LLC’s holdings in General Electric were worth $130,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Toth Financial Advisory Corp bought a new stake in shares of General Electric in the 3rd quarter valued at $25,000. Valley Wealth Managers Inc. acquired a new position in 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 worth about $27,000. Peterson Financial Group Inc. acquired a new stake in shares of General Electric during the third quarter worth about $28,000. Finally, RPg Family Wealth Advisory LLC bought a new position in shares of General Electric during the 3rd quarter valued at about $30,000. Institutional investors own 74.77% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on GE shares. Northcoast Research assumed coverage on General Electric in a research note on Tuesday, January 7th. They set a “neutral” rating for the company. UBS Group increased their price objective on shares of General Electric from $215.00 to $235.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. JPMorgan Chase & Co. boosted their price objective on shares of General Electric from $190.00 to $210.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. Melius Research increased their target price on General Electric from $194.00 to $202.00 in a report on Tuesday, October 22nd. Finally, Sanford C. Bernstein lifted their price target on General Electric from $201.00 to $225.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, General Electric currently has a consensus rating of “Moderate Buy” and an average price target of $208.73.

General Electric Stock Up 0.7 %

NYSE:GE opened at $206.00 on Friday. General Electric has a twelve month low of $110.34 and a twelve month high of $207.65. The firm has a market capitalization of $222.95 billion, a price-to-earnings ratio of 34.39, a price-to-earnings-growth ratio of 2.53 and a beta of 1.21. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.88. The stock’s 50 day moving average price is $178.72 and its two-hundred day moving average price is $177.35.

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

General Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, January 27th. Investors of record on Friday, December 27th were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date was Friday, December 27th. General Electric’s payout ratio is currently 18.70%.

Insiders Place Their Bets

In other General Electric news, SVP Russell Stokes sold 15,550 shares of General Electric 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 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.66% of the company’s stock.

General Electric Company 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.