General Electric (NYSE:GE) Stake Reduced by Heritage Investors Management Corp

Heritage Investors Management Corp decreased its holdings in shares of General Electric (NYSE:GE) by 0.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,104 shares of the conglomerate’s stock after selling 102 shares during the period. Heritage Investors Management Corp’s holdings in General Electric were worth $2,949,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in GE. Great Valley Advisor Group Inc. grew its stake in General Electric by 1.7% in the fourth 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 in the last quarter. Forte Capital LLC ADV lifted its holdings in shares of General Electric by 2.1% during the fourth quarter. Forte Capital LLC ADV now owns 4,067 shares of the conglomerate’s stock worth $519,000 after buying an additional 83 shares in the last quarter. Atlas Brown Inc. increased its position in General Electric by 1.0% during the fourth quarter. Atlas Brown Inc. now owns 8,322 shares of the conglomerate’s stock worth $1,062,000 after acquiring an additional 85 shares during the period. Capital Analysts LLC raised its position in shares of General Electric by 55.8% in the fourth quarter. Capital Analysts LLC now owns 243 shares of the conglomerate’s stock valued at $31,000 after buying an additional 87 shares in the last quarter. Finally, Capital Investment Counsel Inc lifted its position in shares of General Electric by 2.2% during the 4th quarter. Capital Investment Counsel Inc now owns 4,031 shares of the conglomerate’s stock valued at $514,000 after acquiring an additional 88 shares during the period. 74.77% of the stock is currently owned by institutional investors.

Insider Buying and Selling at General Electric

In other General Electric news, SVP Michael J. Holston sold 22,055 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $144.87, for a total transaction of $3,195,107.85. Following the completion of the sale, the senior vice president now directly owns 56,284 shares in the company, valued at approximately $8,153,863.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.66% of the stock is owned by company insiders.

General Electric Trading Down 0.8 %

Shares of NYSE GE traded down $1.36 during trading hours on Thursday, hitting $167.50. The company’s stock had a trading volume of 4,902,984 shares, compared to its average volume of 7,805,056. The business has a 50-day simple moving average of $162.76 and a 200-day simple moving average of $139.38. The stock has a market cap of $183.35 billion, a price-to-earnings ratio of 54.92, a P/E/G ratio of 2.92 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 has a 12 month low of $78.17 and a 12 month high of $170.80.

General Electric (NYSE:GE) last announced its earnings results on Tuesday, April 23rd. The conglomerate reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.17. General Electric had a net margin of 5.05% and a return on equity of 12.54%. The firm had revenue of $16.10 billion for the quarter, compared to analyst estimates of $15.25 billion. During the same quarter in the previous year, the firm posted $0.27 EPS. The company’s revenue for the quarter was up 11.1% compared to the same quarter last year. On average, analysts anticipate that General Electric will post 3.96 earnings per share for the current fiscal year.

General Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 25th. Investors of record on Monday, April 15th were given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date 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 (DPR) is 36.72%.

Analyst Ratings Changes

A number of equities analysts have recently commented on GE shares. Royal Bank of Canada boosted their price target on General Electric from $165.00 to $175.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. JPMorgan Chase & Co. decreased their price objective on shares of General Electric from $180.00 to $148.00 and set an “overweight” rating for the company in a research report on Tuesday, April 2nd. Oppenheimer reissued a “market perform” rating on shares of General Electric in a research report on Tuesday, March 5th. Vertical Research initiated coverage on shares of General Electric in a report on Thursday, April 4th. They set a “buy” rating and a $160.00 price objective for the company. Finally, TD Cowen upgraded shares of General Electric from a “hold” rating to a “buy” rating and upped their target price for the stock from $175.00 to $180.00 in a research note on Tuesday, April 9th. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, General Electric currently has an average rating of “Moderate Buy” and a consensus price target of $172.29.

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.