Valeo Financial Advisors LLC Has $3.04 Million Stake in General Electric (NYSE:GE)

Valeo Financial Advisors LLC lessened its position in shares of General Electric (NYSE:GE) by 2.4% in the first quarter, Holdings Channel.com reports. The institutional investor owned 17,302 shares of the conglomerate’s stock after selling 418 shares during the period. Valeo Financial Advisors LLC’s holdings in General Electric were worth $3,037,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GE. Halpern Financial Inc. increased its stake in General Electric by 968.4% in the fourth quarter. Halpern Financial Inc. now owns 203 shares of the conglomerate’s stock valued at $25,000 after purchasing an additional 184 shares in the last quarter. Criterion Capital Advisors LLC acquired a new position in General Electric during the fourth quarter worth $27,000. CGC Financial Services LLC lifted its stake in shares of General Electric by 90.2% in the fourth quarter. CGC Financial Services LLC now owns 232 shares of the conglomerate’s stock valued at $30,000 after buying an additional 110 shares in the last quarter. Capital Analysts LLC increased its position in shares of General Electric by 55.8% during the fourth quarter. Capital Analysts LLC now owns 243 shares of the conglomerate’s stock worth $31,000 after acquiring an additional 87 shares in the last quarter. Finally, Bfsg LLC acquired a new stake in shares of General Electric in the 4th quarter worth about $32,000. 74.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on GE. Royal Bank of Canada lifted their target price on General Electric from $165.00 to $175.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Wells Fargo & Company increased their target price on shares of General Electric from $165.00 to $192.00 and gave the company an “overweight” rating in a report on Monday, April 29th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of General Electric from $195.00 to $209.00 and gave the stock a “buy” rating in a report on Monday, June 10th. Barclays decreased their price objective on shares of General Electric from $181.00 to $175.00 and set an “overweight” rating for the company in a research note on Wednesday, April 3rd. Finally, UBS Group lifted their target price on shares of General Electric from $201.00 to $209.00 and gave the stock a “buy” rating in a research report on Monday. Two analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $181.93.

Insider Buying and Selling at General Electric

In other General Electric news, SVP Russell Stokes sold 45,309 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $162.82, for a total transaction of $7,377,211.38. Following the completion of the sale, the senior vice president now directly owns 112,958 shares in the company, valued at approximately $18,391,821.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.66% of the stock is owned by company insiders.

General Electric Stock Up 1.0 %

GE traded up $1.55 during trading on Wednesday, reaching $163.00. The stock had a trading volume of 2,567,839 shares, compared to its average volume of 7,271,017. General Electric has a one year low of $84.42 and a one year high of $170.80. The company has a market capitalization of $178.42 billion, a price-to-earnings ratio of 53.75, a P/E/G ratio of 1.69 and a beta of 1.22. The company has a current ratio of 1.17, a quick ratio of 0.82 and a debt-to-equity ratio of 0.63. The stock’s 50 day moving average is $162.51 and its two-hundred day moving average is $152.12.

General Electric (NYSE:GE) last issued its quarterly earnings results on Tuesday, April 23rd. The conglomerate reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.17. The company had revenue of $16.10 billion during the quarter, compared to analyst estimates of $15.25 billion. General Electric had a net margin of 5.05% and a return on equity of 12.54%. General Electric’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same period last year, the business earned $0.27 EPS. As a group, analysts expect that General Electric will post 4 earnings per share for the current year.

General Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 25th. Investors of record on Thursday, July 11th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date is Thursday, July 11th. General Electric’s dividend payout ratio (DPR) is presently 36.72%.

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.