Diversify Wealth Management LLC increased its stake in General Electric (NYSE:GE – Free Report) by 3.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,846 shares of the conglomerate’s stock after acquiring an additional 161 shares during the period. Diversify Wealth Management LLC’s holdings in General Electric were worth $832,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of GE. LVW Advisors LLC bought a new stake in shares of General Electric in the fourth quarter worth about $214,000. Terra Nova Asset Management LLC grew its position in shares of General Electric by 0.4% in the 4th quarter. Terra Nova Asset Management LLC now owns 16,059 shares of the conglomerate’s stock worth $2,678,000 after buying an additional 65 shares during the last quarter. Hall Laurie J Trustee increased its stake in shares of General Electric by 8.1% during the fourth quarter. Hall Laurie J Trustee now owns 8,003 shares of the conglomerate’s stock valued at $1,335,000 after buying an additional 600 shares during the period. SeaTown Holdings Pte. Ltd. raised its holdings in shares of General Electric by 61.9% during the fourth quarter. SeaTown Holdings Pte. Ltd. now owns 56,208 shares of the conglomerate’s stock valued at $9,375,000 after acquiring an additional 21,500 shares in the last quarter. Finally, Clarius Group LLC lifted its stake in General Electric by 5.5% in the fourth quarter. Clarius Group LLC now owns 5,989 shares of the conglomerate’s stock worth $999,000 after acquiring an additional 310 shares during the period. 74.77% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling at General Electric
In other news, SVP Riccardo Procacci sold 7,000 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $181.13, for a total transaction of $1,267,910.00. Following the completion of the sale, the senior vice president now owns 13,289 shares of the company’s stock, valued at $2,407,036.57. This represents a 34.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Russell Stokes sold 15,550 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $178.29, for a total transaction of $2,772,409.50. Following the completion of the transaction, the senior vice president now directly owns 148,857 shares in the company, valued at approximately $26,539,714.53. The trade was a 9.46 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.66% of the company’s stock.
Analysts Set New Price Targets
General Electric Stock Up 2.5 %
General Electric stock opened at $187.46 on Wednesday. The firm has a market cap of $202.89 billion, a price-to-earnings ratio of 32.95, a PEG ratio of 1.49 and a beta of 1.19. The company has a current ratio of 1.13, a quick ratio of 0.85 and a debt-to-equity ratio of 0.95. General Electric has a 12 month low of $101.16 and a 12 month high of $194.80. The stock has a fifty day simple moving average of $174.30 and a two-hundred day simple moving average of $174.30.
General Electric (NYSE:GE – Get Free Report) last announced its quarterly earnings results on Tuesday, October 22nd. The conglomerate reported $1.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.02. General Electric had a net margin of 11.48% and a return on equity of 18.93%. The firm had revenue of $9.84 billion for the quarter, compared to the consensus estimate of $9.02 billion. During the same quarter last year, the firm posted $0.82 EPS. The business’s quarterly revenue was up 5.8% compared to the same quarter last year. Equities analysts predict that General Electric will post 4.23 EPS for the current fiscal year.
General Electric Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 27th will be given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date is Friday, December 27th. General Electric’s dividend payout ratio (DPR) is presently 19.68%.
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.
Further Reading
- Five stocks we like better than General Electric
- What is the Nikkei 225 index?
- SAP’s Strong Momentum: A Bullish Setup for Investors
- What Are Dividend Achievers? An Introduction
- BlackRock Breaks Records: Why the Stock Still Has Room to Run
- What is MarketRank™? How to Use it
- Duke vs. NRG: Which Energy Stock Will Power Higher Gains?
Receive News & Ratings for General Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Electric and related companies with MarketBeat.com's FREE daily email newsletter.