Azimuth Capital Management LLC Has $3.69 Million Stock Holdings in General Electric (NYSE:GE)

Azimuth Capital Management LLC decreased its position in shares of General Electric (NYSE:GE) by 0.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 341,345 shares of the conglomerate’s stock after selling 1,966 shares during the period. Azimuth Capital Management LLC’s holdings in General Electric were worth $3,687,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. South State CORP. acquired a new stake in General Electric in the third quarter valued at approximately $25,000. Marshall & Sullivan Inc. WA acquired a new stake in General Electric in the third quarter valued at approximately $27,000. Savior LLC boosted its position in General Electric by 157.7% in the fourth quarter. Savior LLC now owns 2,564 shares of the conglomerate’s stock valued at $28,000 after buying an additional 1,569 shares in the last quarter. TD Ameritrade Investment Management LLC acquired a new stake in General Electric in the fourth quarter valued at approximately $31,000. Finally, Perkins Coie Trust Co acquired a new stake in General Electric in the fourth quarter valued at approximately $32,000. Institutional investors and hedge funds own 60.09% of the company’s stock.

NYSE GE traded down $0.02 during mid-day trading on Tuesday, reaching $12.48. 2,308,110 shares of the stock were exchanged, compared to its average volume of 75,632,070. General Electric has a one year low of $5.48 and a one year high of $12.70. The company has a debt-to-equity ratio of 2.10, a current ratio of 2.31 and a quick ratio of 2.04. The stock has a market cap of $109.42 billion, a P/E ratio of 34.72, a P/E/G ratio of 8.61 and a beta of 1.06. The stock has a 50 day simple moving average of $11.37 and a 200-day simple moving average of $8.91.

General Electric (NYSE:GE) last posted its quarterly earnings results on Monday, January 25th. The conglomerate reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.01). General Electric had a net margin of 4.52% and a return on equity of 5.37%. The company had revenue of $21.93 billion during the quarter, compared to the consensus estimate of $21.62 billion. During the same period last year, the firm posted $0.21 earnings per share. The company’s revenue for the quarter was down 16.4% on a year-over-year basis. Sell-side analysts anticipate that General Electric will post 0.04 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, April 26th. Shareholders of record on Monday, March 8th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.32%. The ex-dividend date is Friday, March 5th. General Electric’s dividend payout ratio (DPR) is currently 6.15%.

GE has been the topic of a number of research analyst reports. Argus raised their target price on shares of General Electric from $10.00 to $14.00 and gave the company a “buy” rating in a research report on Thursday, December 10th. UBS Group raised their price target on shares of General Electric from $9.00 to $12.00 and gave the company a “buy” rating in a research note on Wednesday, November 25th. DZ Bank raised shares of General Electric from a “sell” rating to a “hold” rating and set a $11.00 price target for the company in a research note on Wednesday, December 16th. Oppenheimer raised shares of General Electric from a “market perform” rating to an “outperform” rating and set a $12.00 price target for the company in a research note on Tuesday, November 24th. Finally, Bank of America raised their price target on shares of General Electric from $11.00 to $13.00 and gave the company a “buy” rating in a research note on Friday, December 4th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. General Electric currently has a consensus rating of “Buy” and an average target price of $10.40.

General Electric Profile

General Electric Company operates as a high-tech industrial company in the United States, Europe, Asia, the Americas, the Middle East, and Africa. It operates through Power, Renewable Energy, Aviation, Healthcare, and Capital segments. The Power segment offers technologies, solutions, and services related to energy production, including gas and steam turbines, generators, and power generation services.

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Institutional Ownership by Quarter for General Electric (NYSE:GE)

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