General Electric (NYSE:GE) Shares Sold by Roman Butler Fullerton & Co.

Roman Butler Fullerton & Co. decreased its position in General Electric (NYSE:GE) by 71.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,736 shares of the conglomerate’s stock after selling 12,139 shares during the quarter. Roman Butler Fullerton & Co.’s holdings in General Electric were worth $790,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Campbell Wealth Management acquired a new stake in shares of General Electric in the fourth quarter valued at $261,000. Vicus Capital lifted its holdings in shares of General Electric by 5.8% in the fourth quarter. Vicus Capital now owns 1,348 shares of the conglomerate’s stock valued at $225,000 after buying an additional 74 shares during the period. Pictet North America Advisors SA lifted its holdings in shares of General Electric by 2.5% in the fourth quarter. Pictet North America Advisors SA now owns 34,528 shares of the conglomerate’s stock valued at $5,759,000 after buying an additional 854 shares during the period. Banque Pictet & Cie SA raised its position in shares of General Electric by 53.8% during the fourth quarter. Banque Pictet & Cie SA now owns 6,484 shares of the conglomerate’s stock worth $1,081,000 after purchasing an additional 2,268 shares during the period. Finally, V Square Quantitative Management LLC raised its position in shares of General Electric by 2.5% during the fourth quarter. V Square Quantitative Management LLC now owns 19,856 shares of the conglomerate’s stock worth $3,312,000 after purchasing an additional 492 shares during the period. Institutional investors and hedge funds own 74.77% of the company’s stock.

Insider Activity at General Electric

In other news, SVP Russell Stokes sold 15,550 shares of General Electric stock in a transaction that occurred 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 transaction, the senior vice president now owns 148,857 shares of the company’s stock, valued at $26,539,714.53. This trade represents a 9.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.66% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on GE. Wells Fargo & Company boosted their target price on General Electric from $225.00 to $250.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. JPMorgan Chase & Co. boosted their target price on General Electric from $190.00 to $210.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. Deutsche Bank Aktiengesellschaft cut their target price on General Electric from $235.00 to $228.00 and set a “buy” rating on the stock in a research report on Thursday, January 2nd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $200.00 target price on shares of General Electric in a research report on Wednesday, January 22nd. Finally, Northcoast Research assumed coverage on General Electric in a research report on Tuesday, January 7th. They set a “neutral” rating on the stock. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, General Electric presently has a consensus rating of “Moderate Buy” and a consensus price target of $208.73.

General Electric Stock Performance

GE stock opened at $208.62 on Friday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 1.09. The stock has a market cap of $223.91 billion, a P/E ratio of 34.83, a P/E/G ratio of 2.56 and a beta of 1.22. The firm has a 50 day simple moving average of $182.00 and a 200 day simple moving average of $178.98. General Electric has a 52 week low of $117.43 and a 52 week high of $211.42.

General Electric (NYSE:GE) last issued its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.27. General Electric had a net margin of 14.31% and a return on equity of 22.19%. Research analysts anticipate that General Electric will post 5.39 earnings per share for the current fiscal year.

General Electric Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 10th will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 0.69%. This is a positive change from General Electric’s previous quarterly dividend of $0.28. General Electric’s dividend payout ratio (DPR) is presently 18.70%.

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.