General Electric (NYSE:GE) Shares Sold by One Day In July LLC

One Day In July LLC reduced its holdings in shares of General Electric (NYSE:GE) by 9.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,482 shares of the conglomerate’s stock after selling 150 shares during the quarter. One Day In July LLC’s holdings in General Electric were worth $247,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Valley Wealth Managers Inc. purchased a new stake in shares of General Electric in the 3rd quarter valued at about $25,000. O Brien Wealth Partners LLC purchased a new stake in shares of General Electric in the 3rd quarter valued at about $27,000. Hager Investment Management Services LLC purchased a new stake in shares of General Electric in the 4th quarter valued at about $27,000. Peterson Financial Group Inc. purchased a new stake in shares of General Electric in the 3rd quarter valued at about $28,000. Finally, Sugar Maple Asset Management LLC purchased a new stake in shares of General Electric in the 4th quarter valued at about $29,000. 74.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

GE has been the subject of several research reports. JPMorgan Chase & Co. boosted their target price on General Electric from $190.00 to $210.00 and gave the company an “overweight” rating in a report on Friday, January 24th. UBS Group boosted their target price on General Electric from $215.00 to $235.00 and gave the company a “buy” rating in a report on Friday, January 24th. Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 target price on shares of General Electric in a report on Wednesday, January 22nd. Redburn Atlantic started coverage on General Electric in a research note on Tuesday. They set a “buy” rating and a $250.00 price objective for the company. Finally, Citigroup upped their price objective on General Electric from $216.00 to $235.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Three investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $211.31.

General Electric Stock Performance

Shares of GE stock opened at $208.93 on Friday. The company has a market cap of $224.24 billion, a price-to-earnings ratio of 34.88, a price-to-earnings-growth ratio of 2.61 and a beta of 1.22. The stock has a 50 day simple moving average of $185.89 and a 200-day simple moving average of $180.43. General Electric has a 12-month low of $118.13 and a 12-month high of $212.19. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88.

General Electric (NYSE:GE) last issued its earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share (EPS) 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%. On average, equities analysts forecast that General Electric will post 5.4 EPS for the current year.

General Electric Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 10th will be issued 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 dividend payout ratio is currently 18.70%.

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.