General Electric (NYSE:GE) Shares Sold by Moloney Securities Asset Management LLC

Moloney Securities Asset Management LLC decreased its holdings in shares of General Electric (NYSE:GE) by 5.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,983 shares of the conglomerate’s stock after selling 120 shares during the quarter. Moloney Securities Asset Management LLC’s holdings in General Electric were worth $331,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Toth Financial Advisory Corp purchased a new stake in General Electric in the 3rd quarter valued at $25,000. Valley Wealth Managers Inc. acquired a new position in shares of General Electric during the 3rd quarter valued at about $25,000. O Brien Wealth Partners LLC purchased a new stake in shares of General Electric in the third quarter valued at about $27,000. Hager Investment Management Services LLC acquired a new stake in General Electric during the fourth quarter worth about $27,000. Finally, Peterson Financial Group Inc. purchased a new position in General Electric during the third quarter worth about $28,000. 74.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently weighed in on GE. Sanford C. Bernstein increased their price target on shares of General Electric from $201.00 to $225.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Melius Research increased their price objective on General Electric from $194.00 to $202.00 in a research report on Tuesday, October 22nd. Bank of America lifted their target price on General Electric from $200.00 to $225.00 and gave the company a “buy” rating in a research report on Monday, January 27th. UBS Group increased their price target on General Electric from $215.00 to $235.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Finally, Wells Fargo & Company boosted their price objective on shares of General Electric from $225.00 to $250.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $208.73.

General Electric Stock Performance

Shares of GE stock opened at $205.33 on Tuesday. General Electric has a 52 week low of $110.95 and a 52 week high of $207.84. The firm has a 50 day moving average of $179.68 and a two-hundred day moving average of $178.00. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $220.38 billion, a PE ratio of 34.28, a P/E/G ratio of 2.56 and a beta of 1.22.

General Electric (NYSE:GE) last released its 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 return on equity of 22.19% and a net margin of 14.31%. On average, research analysts predict that General Electric will post 5.39 EPS for the current fiscal year.

General Electric Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, January 27th. Investors of record on Friday, December 27th were paid a $0.28 dividend. The ex-dividend date of this dividend was Friday, December 27th. This represents a $1.12 dividend on an annualized basis and a yield of 0.55%. General Electric’s dividend payout ratio is currently 18.70%.

Insiders Place Their Bets

In other news, SVP Russell Stokes sold 15,550 shares of the firm’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $178.29, for a total value of $2,772,409.50. Following the sale, the senior vice president now directly owns 148,857 shares in the company, valued at approximately $26,539,714.53. This trade represents a 9.46 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.66% of the stock is currently owned by company insiders.

General Electric Company 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.