Sculati Wealth Management LLC Trims Stock Position in General Electric (NYSE:GE)

Sculati Wealth Management LLC decreased its position in General Electric (NYSE:GEFree Report) by 1.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,092 shares of the conglomerate’s stock after selling 150 shares during the period. Sculati Wealth Management LLC’s holdings in General Electric were worth $1,416,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GE. Great Valley Advisor Group Inc. boosted its position in shares of General Electric by 1.7% in the 4th quarter. Great Valley Advisor Group Inc. now owns 4,316 shares of the conglomerate’s stock valued at $550,000 after purchasing an additional 74 shares during the period. Checchi Capital Advisers LLC grew its holdings in shares of General Electric by 1.2% during the fourth quarter. Checchi Capital Advisers LLC now owns 6,377 shares of the conglomerate’s stock worth $814,000 after buying an additional 75 shares during the last quarter. Forte Capital LLC ADV increased its holdings in shares of General Electric by 2.1% in the fourth quarter. Forte Capital LLC ADV now owns 4,067 shares of the conglomerate’s stock valued at $519,000 after purchasing an additional 83 shares during the period. Atlas Brown Inc. increased its stake in General Electric by 1.0% in the 4th quarter. Atlas Brown Inc. now owns 8,322 shares of the conglomerate’s stock valued at $1,062,000 after buying an additional 85 shares during the period. Finally, Capital Analysts LLC lifted its stake in shares of General Electric by 55.8% in the 4th quarter. Capital Analysts LLC now owns 243 shares of the conglomerate’s stock worth $31,000 after acquiring an additional 87 shares during the period. 74.77% of the stock is currently owned by institutional investors.

Insider Activity

In other General Electric news, SVP Russell Stokes sold 45,309 shares of the stock in a transaction that occurred on 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 transaction, the senior vice president now owns 112,958 shares of the company’s stock, valued at $18,391,821.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.66% of the company’s stock.

General Electric Price Performance

Shares of NYSE GE traded up $2.07 during trading on Monday, reaching $167.33. The company had a trading volume of 5,500,200 shares, compared to its average volume of 7,598,278. The company has a current ratio of 1.17, a quick ratio of 0.82 and a debt-to-equity ratio of 0.63. General Electric has a twelve month low of $79.76 and a twelve month high of $170.80. The stock has a 50-day moving average price of $162.36 and a two-hundred day moving average price of $144.03. The stock has a market capitalization of $183.16 billion, a PE ratio of 54.86, a price-to-earnings-growth ratio of 1.85 and a beta of 1.25.

General Electric (NYSE:GEGet Free Report) last released its earnings results on Tuesday, April 23rd. The conglomerate reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.17. The company had revenue of $16.10 billion for 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%. The firm’s quarterly revenue was up 11.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.27 EPS. As a group, sell-side analysts predict that General Electric will post 3.98 earnings per share for the current year.

General Electric Increases Dividend

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

Wall Street Analyst Weigh In

GE has been the subject of several analyst reports. Argus increased their price target on shares of General Electric from $170.00 to $180.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Deutsche Bank Aktiengesellschaft decreased their price target on General Electric from $210.00 to $190.00 and set a “buy” rating on the stock in a research note on Wednesday, April 3rd. Wells Fargo & Company increased their price objective on General Electric from $165.00 to $192.00 and gave the stock an “overweight” rating in a research report on Monday, April 29th. Jefferies Financial Group boosted their target price on shares of General Electric from $180.00 to $185.00 and gave the stock a “buy” rating in a research report on Monday, April 29th. Finally, The Goldman Sachs Group upped their price target on shares of General Electric from $190.00 to $211.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Two analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $176.00.

Check Out Our Latest Stock Report on GE

General Electric Profile

(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.

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

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