Avior Wealth Management LLC Has $1.78 Million Stock Position in General Electric (NYSE:GE)

Avior Wealth Management LLC lifted its holdings in shares of General Electric (NYSE:GE) by 3.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,671 shares of the conglomerate’s stock after purchasing an additional 318 shares during the period. Avior Wealth Management LLC’s holdings in General Electric were worth $1,780,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the business. Toth Financial Advisory Corp bought a new position in General Electric during the 3rd quarter worth approximately $25,000. Valley Wealth Managers Inc. acquired a new stake in shares of General Electric during the third quarter worth $25,000. O Brien Wealth Partners LLC bought a new position in General Electric during the third quarter worth $27,000. Peterson Financial Group Inc. acquired a new position in General Electric in the third quarter valued at $28,000. Finally, Sugar Maple Asset Management LLC bought a new stake in General Electric during the fourth quarter valued at $29,000. Institutional investors own 74.77% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on GE. Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 price objective on shares of General Electric in a research report on Wednesday. Citigroup boosted their price target on General Electric from $198.00 to $216.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. UBS Group raised their price objective on shares of General Electric from $223.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Bank of America boosted their target price on shares of General Electric from $180.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Finally, Sanford C. Bernstein raised their price target on shares of General Electric from $201.00 to $225.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, General Electric presently has a consensus rating of “Moderate Buy” and an average target price of $201.47.

General Electric Stock Performance

Shares of GE opened at $200.66 on Friday. The firm has a market capitalization of $217.17 billion, a P/E ratio of 35.26, a P/E/G ratio of 1.53 and a beta of 1.19. General Electric has a 52 week low of $101.16 and a 52 week high of $207.65. The stock has a 50 day moving average price of $174.49 and a two-hundred day moving average price of $174.59. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.85 and a current ratio of 1.13.

General Electric (NYSE:GE) last announced its quarterly 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 return on equity of 18.93% and a net margin of 11.48%. Equities analysts forecast that General Electric will post 4.23 earnings per share for the current fiscal year.

General Electric Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Friday, December 27th will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 0.56%. The ex-dividend date of this dividend is Friday, December 27th. General Electric’s dividend payout ratio (DPR) is presently 19.68%.

Insiders Place Their Bets

In other General Electric news, SVP Riccardo Procacci sold 7,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $181.13, for a total value of $1,267,910.00. Following the transaction, the senior vice president now owns 13,289 shares of the company’s stock, valued at approximately $2,407,036.57. The trade was a 34.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Russell Stokes sold 15,550 shares of the firm’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $178.29, for a total value of $2,772,409.50. Following the sale, the senior vice president now directly owns 148,857 shares of the company’s stock, valued at approximately $26,539,714.53. This represents a 9.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.66% of the stock is currently owned by insiders.

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.