General Electric (NYSE:GE) Stock Position Lowered by Newman Dignan & Sheerar Inc.

Newman Dignan & Sheerar Inc. lessened its position in General Electric (NYSE:GE) by 29.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,835 shares of the conglomerate’s stock after selling 1,172 shares during the period. Newman Dignan & Sheerar Inc.’s holdings in General Electric were worth $473,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of GE. Catalyst Capital Advisors LLC grew its holdings in shares of General Electric by 117.7% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 270 shares of the conglomerate’s stock worth $51,000 after acquiring an additional 146 shares during the last quarter. Johnson & White Wealth Management LLC acquired a new position in shares of General Electric in the 4th quarter worth $733,000. State Street Corp grew its holdings in shares of General Electric by 2.1% in the 3rd quarter. State Street Corp now owns 43,322,827 shares of the conglomerate’s stock worth $8,181,801,000 after acquiring an additional 898,296 shares during the last quarter. Soltis Investment Advisors LLC grew its holdings in shares of General Electric by 269.8% in the 3rd quarter. Soltis Investment Advisors LLC now owns 28,201 shares of the conglomerate’s stock worth $5,318,000 after acquiring an additional 20,575 shares during the last quarter. Finally, World Investment Advisors LLC grew its holdings in shares of General Electric by 60.7% in the 3rd quarter. World Investment Advisors LLC now owns 13,662 shares of the conglomerate’s stock worth $2,576,000 after acquiring an additional 5,162 shares during the last quarter. Institutional investors own 74.77% of the company’s stock.

Insiders Place Their Bets

In other General Electric news, SVP Russell Stokes sold 15,550 shares of the business’s 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 completion of the sale, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.66% of the company’s stock.

General Electric Stock Performance

Shares of NYSE GE opened at $208.62 on Friday. The business’s 50-day moving average price is $182.66 and its two-hundred day moving average price is $179.25. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81. General Electric has a one year low of $117.43 and a one year high of $211.42. The company has a market capitalization of $223.91 billion, a P/E ratio of 34.83, a price-to-earnings-growth ratio of 2.56 and a beta of 1.22.

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

General Electric Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, March 10th will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.69%. This is a boost from General Electric’s previous quarterly dividend of $0.28. General Electric’s payout ratio is currently 18.70%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on GE shares. Bank of America lifted their target price on General Electric from $200.00 to $225.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Northcoast Research began coverage on General Electric in a report on Tuesday, January 7th. They set a “neutral” rating on the stock. JPMorgan Chase & Co. lifted their price target on General Electric from $190.00 to $210.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Wells Fargo & Company lifted their price target on General Electric from $225.00 to $250.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on General Electric from $235.00 to $228.00 and set a “buy” rating on the stock in a report on Thursday, January 2nd. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, General Electric currently has an average rating of “Moderate Buy” and an average price target of $208.73.

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.