General Electric (NYSE:GE) Shares Sold by S&CO Inc.

S&CO Inc. decreased its position in shares of General Electric (NYSE:GEFree Report) by 0.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 49,821 shares of the conglomerate’s stock after selling 120 shares during the quarter. S&CO Inc.’s holdings in General Electric were worth $6,358,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of GE. NBC Securities Inc. acquired a new position in General Electric in the third quarter valued at approximately $351,000. Lincoln National Corp increased its position in shares of General Electric by 2.8% in the third quarter. Lincoln National Corp now owns 14,860 shares of the conglomerate’s stock valued at $1,643,000 after buying an additional 405 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of General Electric by 4.8% in the third quarter. Victory Capital Management Inc. now owns 386,115 shares of the conglomerate’s stock valued at $42,685,000 after buying an additional 17,553 shares in the last quarter. Los Angeles Capital Management LLC increased its position in shares of General Electric by 50.1% in the third quarter. Los Angeles Capital Management LLC now owns 54,180 shares of the conglomerate’s stock valued at $5,990,000 after buying an additional 18,089 shares in the last quarter. Finally, Schechter Investment Advisors LLC increased its position in shares of General Electric by 5.0% in the third quarter. Schechter Investment Advisors LLC now owns 17,160 shares of the conglomerate’s stock valued at $1,897,000 after buying an additional 815 shares in the last quarter. Institutional investors and hedge funds own 74.77% of the company’s stock.

Insider Activity

In related news, SVP Russell Stokes sold 45,309 shares of the stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $162.82, for a total transaction of $7,377,211.38. Following the transaction, the senior vice president now owns 112,958 shares of the company’s stock, valued at approximately $18,391,821.56. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.66% of the company’s stock.

General Electric Trading Up 1.3 %

Shares of General Electric stock traded up $2.07 during trading hours on Monday, hitting $167.33. The company’s stock had a trading volume of 5,500,200 shares, compared to its average volume of 7,598,278. General Electric has a twelve month low of $79.76 and a twelve month high of $170.80. The firm has a fifty day moving average of $162.36 and a 200-day moving average of $144.03. The stock has a market cap of $183.16 billion, a price-to-earnings ratio of 54.86, a P/E/G ratio of 1.85 and a beta of 1.25. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.82 and a current ratio of 1.17.

General Electric (NYSE:GEGet Free Report) last announced its quarterly earnings results on Tuesday, April 23rd. The conglomerate reported $0.82 EPS for the quarter, beating the consensus estimate of $0.65 by $0.17. General Electric had a return on equity of 12.54% and a net margin of 5.05%. The business had revenue of $16.10 billion for the quarter, compared to analyst estimates of $15.25 billion. During the same quarter in the prior year, the company posted $0.27 EPS. The company’s quarterly revenue was up 11.1% on a year-over-year basis. Research analysts forecast that General Electric will post 3.98 EPS for the current year.

General Electric Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 25th. Stockholders of record on Monday, April 15th were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 0.67%. The ex-dividend date of this dividend was Friday, April 12th. This is a positive change from General Electric’s previous quarterly dividend of $0.08. General Electric’s dividend payout ratio is 36.72%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on GE shares. Argus boosted their price objective on General Electric from $170.00 to $180.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. StockNews.com started coverage on General Electric in a research report on Monday, April 29th. They issued a “hold” rating for the company. Wells Fargo & Company boosted their price objective on General Electric from $165.00 to $192.00 and gave the company an “overweight” rating in a research report on Monday, April 29th. JPMorgan Chase & Co. boosted their price target on General Electric from $148.00 to $175.00 and gave the stock an “overweight” rating in a research report on Monday, May 13th. Finally, UBS Group boosted their price target on General Electric from $191.00 to $201.00 and gave the stock a “buy” rating in a research report on Thursday. Two investment 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, the stock currently has an average rating of “Moderate Buy” and an average price target of $176.00.

Check Out Our Latest Analysis on GE

About General Electric

(Free Report)

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.

Further Reading

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

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