Fiduciary Group LLC Sells 883 Shares of General Electric (NYSE:GE)

Fiduciary Group LLC lessened its holdings in General Electric (NYSE:GE) by 12.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 6,048 shares of the conglomerate’s stock after selling 883 shares during the period. Fiduciary Group LLC’s holdings in General Electric were worth $772,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Atlas Brown Inc. lifted its holdings in shares of General Electric by 1.0% in the 4th quarter. Atlas Brown Inc. now owns 8,322 shares of the conglomerate’s stock worth $1,062,000 after acquiring an additional 85 shares during the last quarter. Capital Analysts LLC grew its stake in shares of General Electric by 55.8% in the fourth quarter. Capital Analysts LLC now owns 243 shares of the conglomerate’s stock valued at $31,000 after buying an additional 87 shares in the last quarter. Creative Financial Designs Inc. ADV raised its holdings in shares of General Electric by 9.7% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 1,027 shares of the conglomerate’s stock valued at $131,000 after buying an additional 91 shares during the period. Ballast Advisors LLC boosted its holdings in General Electric by 4.8% during the 4th quarter. Ballast Advisors LLC now owns 1,994 shares of the conglomerate’s stock valued at $254,000 after acquiring an additional 91 shares during the period. Finally, King Wealth boosted its holdings in General Electric by 3.2% during the 3rd quarter. King Wealth now owns 2,988 shares of the conglomerate’s stock valued at $330,000 after acquiring an additional 92 shares during the period. 74.77% of the stock is currently owned by institutional investors.

General Electric Price Performance

GE stock opened at $162.60 on Monday. The company has a market cap of $177.98 billion, a price-to-earnings ratio of 53.23, a PEG ratio of 2.90 and a beta of 1.29. The company has a current ratio of 1.17, a quick ratio of 0.82 and a debt-to-equity ratio of 0.63. The firm has a 50 day moving average of $160.72 and a 200-day moving average of $136.43. General Electric has a 12-month low of $77.93 and a 12-month high of $163.65.

General Electric (NYSE:GE) last posted its earnings results on Tuesday, April 23rd. The conglomerate reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.17. General Electric had a return on equity of 12.54% and a net margin of 5.05%. The company had revenue of $16.10 billion for the quarter, compared to the consensus estimate of $15.25 billion. During the same period in the previous year, the business earned $0.27 earnings per share. General Electric’s quarterly revenue was up 11.1% compared to the same quarter last year. As a group, equities analysts expect that General Electric will post 3.93 EPS for the current fiscal year.

General Electric Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 25th. Shareholders of record on Monday, April 15th were given a dividend of $0.28 per share. This is an increase from General Electric’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Friday, April 12th. This represents a $1.12 annualized dividend and a yield of 0.69%. General Electric’s dividend payout ratio (DPR) is presently 36.72%.

Insider Activity at General Electric

In related news, SVP Michael J. Holston sold 13,601 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $135.55, for a total transaction of $1,843,615.55. Following the completion of the transaction, the senior vice president now owns 48,339 shares of the company’s stock, valued at $6,552,351.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, SVP Michael J. Holston sold 13,601 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $135.55, for a total transaction of $1,843,615.55. Following the transaction, the senior vice president now directly owns 48,339 shares of the company’s stock, valued at approximately $6,552,351.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Michael J. Holston sold 22,055 shares of the company’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $144.87, for a total value of $3,195,107.85. Following the completion of the transaction, the senior vice president now owns 56,284 shares of the company’s stock, valued at approximately $8,153,863.08. The disclosure for this sale can be found here. 0.66% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on GE shares. Royal Bank of Canada raised their price target on shares of General Electric from $165.00 to $175.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Jefferies Financial Group cut their price target on General Electric from $195.00 to $180.00 and set a “buy” rating on the stock in a report on Wednesday, April 10th. Citigroup increased their price target on General Electric from $120.43 to $186.00 and gave the company a “buy” rating in a research report on Thursday. TheStreet raised General Electric from a “c+” rating to a “b+” rating in a research report on Tuesday, January 23rd. Finally, Argus raised their target price on shares of General Electric from $170.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, General Electric currently has an average rating of “Moderate Buy” and a consensus target price of $170.00.

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.