XML Financial LLC Sells 195 Shares of General Electric (NYSE:GE)

XML Financial LLC cut its position in shares of General Electric (NYSE:GE) by 3.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,236 shares of the conglomerate’s stock after selling 195 shares during the quarter. XML Financial LLC’s holdings in General Electric were worth $919,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Richardson Financial Services Inc. acquired a new position in General Electric during the first quarter valued at approximately $34,000. ANTIPODES PARTNERS Ltd acquired a new position in General Electric during the first quarter valued at approximately $37,000. Criterion Capital Advisors LLC acquired a new position in General Electric during the fourth quarter valued at approximately $27,000. Capital Analysts LLC boosted its position in General Electric by 55.8% during the fourth quarter. Capital Analysts LLC now owns 243 shares of the conglomerate’s stock valued at $31,000 after purchasing an additional 87 shares during the last quarter. Finally, Horrell Capital Management Inc. acquired a new position in General Electric during the first quarter valued at approximately $44,000. 74.77% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other General Electric news, SVP Russell Stokes sold 45,309 shares of the firm’s stock in a transaction on 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 in the company, 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 Price Performance

General Electric stock traded down $0.50 during mid-day trading on Thursday, reaching $169.70. 6,105,688 shares of the company were exchanged, compared to its average volume of 7,119,542. The company has a fifty day simple moving average of $162.88 and a 200-day simple moving average of $157.32. General Electric has a 12 month low of $84.42 and a 12 month high of $177.20. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.14 and a quick ratio of 0.85. The firm has a market cap of $184.01 billion, a PE ratio of 56.48, a PEG ratio of 1.68 and a beta of 1.21.

General Electric (NYSE:GE) last posted its quarterly earnings data on Tuesday, July 23rd. The conglomerate reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.21. General Electric had a return on equity of 16.07% and a net margin of 7.66%. The firm had revenue of $9.09 billion for the quarter, compared to analyst estimates of $8.44 billion. During the same quarter last year, the company earned $0.68 EPS. The company’s revenue was up 3.9% on a year-over-year basis. As a group, equities research analysts expect that General Electric will post 4.15 earnings per share for the current fiscal year.

General Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 25th. Shareholders of record on Thursday, July 11th were paid a dividend of $0.28 per share. The ex-dividend date was Thursday, July 11th. This represents a $1.12 dividend on an annualized basis and a yield of 0.66%. General Electric’s dividend payout ratio (DPR) is presently 36.72%.

Analyst Ratings Changes

Several brokerages recently commented on GE. Vertical Research started coverage on General Electric in a research report on Thursday, April 4th. They set a “buy” rating and a $160.00 price target for the company. Citigroup raised their price objective on General Electric from $120.43 to $186.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. The Goldman Sachs Group raised their price objective on General Electric from $190.00 to $211.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Royal Bank of Canada raised their price objective on General Electric from $175.00 to $190.00 and gave the company an “outperform” rating in a research report on Wednesday, July 24th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on General Electric from $195.00 to $209.00 and gave the company a “buy” rating in a research report on Monday, June 10th. Two 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, General Electric currently has an average rating of “Moderate Buy” and an average price target of $185.71.

General Electric Profile

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.