Investment Research & Advisory Group Inc. Has $2.46 Million Position in General Electric (NYSE:GE)

Investment Research & Advisory Group Inc. lessened its position in General Electric (NYSE:GE) by 1.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 14,732 shares of the conglomerate’s stock after selling 161 shares during the period. Investment Research & Advisory Group Inc.’s holdings in General Electric were worth $2,457,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Toth Financial Advisory Corp acquired a new stake in shares of General Electric during the third quarter worth approximately $25,000. Valley Wealth Managers Inc. bought a new position in General Electric in the 3rd quarter valued at $25,000. O Brien Wealth Partners LLC acquired a new position in General Electric in the third quarter worth $27,000. Peterson Financial Group Inc. acquired a new stake in shares of General Electric in the third quarter valued at $28,000. Finally, Sugar Maple Asset Management LLC acquired a new position in General Electric during the 4th quarter worth about $29,000. Institutional investors own 74.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on GE. JPMorgan Chase & Co. boosted their target price on shares of General Electric from $190.00 to $210.00 and gave the stock an “overweight” rating in a research note on Friday. Citigroup upped their price objective on General Electric from $198.00 to $216.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. UBS Group boosted their target price on General Electric from $215.00 to $235.00 and gave the stock a “buy” rating in a research report on Friday. Sanford C. Bernstein raised their price target on General Electric from $201.00 to $225.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Finally, Bank of America boosted their price objective on General Electric from $180.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $205.80.

Insider Transactions at General Electric

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

General Electric Price Performance

NYSE GE opened at $196.81 on Friday. The firm’s 50 day moving average is $175.33 and its 200-day moving average is $175.00. The company has a quick ratio of 0.85, a current ratio of 1.13 and a debt-to-equity ratio of 0.95. The company has a market capitalization of $213.00 billion, a PE ratio of 34.59, a price-to-earnings-growth ratio of 1.53 and a beta of 1.19. General Electric has a 12-month low of $103.75 and a 12-month high of $207.65.

General Electric (NYSE:GE) last issued its quarterly earnings results on Thursday, January 23rd. The conglomerate reported $1.32 EPS for the quarter, topping the consensus estimate of $1.05 by $0.27. General Electric had a net margin of 11.48% and a return on equity of 18.93%. Equities research analysts anticipate that General Electric will post 4.23 earnings per share for the current fiscal year.

General Electric Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 27th will be given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 0.57%. The ex-dividend date is Friday, December 27th. General Electric’s dividend payout ratio (DPR) is 19.68%.

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.