ORG Wealth Partners LLC Sells 72 Shares of General Electric (NYSE:GE)

ORG Wealth Partners LLC lowered its holdings in General Electric (NYSE:GE) by 11.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 582 shares of the conglomerate’s stock after selling 72 shares during the quarter. ORG Wealth Partners LLC’s holdings in General Electric were worth $97,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of GE. Toth Financial Advisory Corp bought a new stake in General Electric during the 3rd quarter worth approximately $25,000. Valley Wealth Managers Inc. purchased a new stake in shares of General Electric in the 3rd quarter valued at $25,000. O Brien Wealth Partners LLC purchased a new stake in shares of General Electric in the 3rd quarter valued at $27,000. Peterson Financial Group Inc. purchased a new stake in shares of General Electric in the 3rd quarter valued at $28,000. Finally, RPg Family Wealth Advisory LLC purchased a new stake in shares of General Electric in the 3rd quarter valued at $30,000. Institutional investors own 74.77% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Riccardo Procacci sold 7,000 shares of General Electric stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $181.13, for a total transaction of $1,267,910.00. Following the sale, the senior vice president now owns 13,289 shares in the company, valued at $2,407,036.57. This trade represents a 34.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Russell Stokes sold 15,550 shares of the business’s stock in a transaction on 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 $26,539,714.53. This represents a 9.46 % decrease in their position. The disclosure for this sale can be found here. 0.66% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

GE has been the subject of several analyst reports. Wells Fargo & Company increased their price target on shares of General Electric from $210.00 to $225.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of General Electric from $235.00 to $228.00 and set a “buy” rating for the company in a report on Thursday, January 2nd. Royal Bank of Canada decreased their price objective on shares of General Electric from $210.00 to $200.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. Melius Research upped their price objective on shares of General Electric from $194.00 to $202.00 in a report on Tuesday, October 22nd. Finally, Bank of America upped 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. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $201.47.

General Electric Stock Performance

Shares of NYSE GE opened at $171.65 on Friday. The firm’s 50-day moving average price is $174.34 and its 200-day moving average price is $173.36. The company has a quick ratio of 0.85, a current ratio of 1.13 and a debt-to-equity ratio of 0.95. The company has a market cap of $185.78 billion, a PE ratio of 30.17, a PEG ratio of 1.63 and a beta of 1.19. General Electric has a 52-week low of $100.95 and a 52-week high of $194.80.

General Electric (NYSE:GE) last posted its quarterly earnings data on Tuesday, October 22nd. The conglomerate reported $1.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.02. The company had revenue of $9.84 billion for the quarter, compared to the consensus estimate of $9.02 billion. General Electric had a net margin of 11.48% and a return on equity of 18.93%. The firm’s revenue was up 5.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.82 earnings per share. As a group, analysts anticipate that General Electric will post 4.24 EPS for the current year.

General Electric Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 27th will be paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date of this dividend is Friday, December 27th. General Electric’s payout ratio is 19.68%.

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.