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

Roman Butler Fullerton & Co. lessened its position in shares of General Electric (NYSE:GE) by 3.5% in the 4th quarter, HoldingsChannel reports. The fund owned 5,210 shares of the conglomerate’s stock after selling 187 shares during the period. Roman Butler Fullerton & Co.’s holdings in General Electric were worth $683,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GE. Halpern Financial Inc. boosted its holdings in shares of General Electric by 968.4% in the 4th quarter. Halpern Financial Inc. now owns 203 shares of the conglomerate’s stock valued at $25,000 after buying an additional 184 shares in the last quarter. CGC Financial Services LLC boosted its holdings in shares of General Electric by 90.2% in the 4th quarter. CGC Financial Services LLC now owns 232 shares of the conglomerate’s stock valued at $30,000 after buying an additional 110 shares in the last quarter. Capital Analysts LLC boosted its holdings in shares of General Electric by 55.8% in the 4th 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. Global Wealth Management Investment Advisory Inc. boosted its holdings in shares of General Electric by 808.1% in the 1st quarter. Global Wealth Management Investment Advisory Inc. now owns 336 shares of the conglomerate’s stock valued at $31,000 after buying an additional 299 shares in the last quarter. Finally, Financial Freedom LLC acquired a new position in shares of General Electric in the 4th quarter valued at $32,000. Institutional investors and hedge funds own 74.77% of the company’s stock.

Insider Activity at General Electric

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

Analysts Set New Price Targets

Several research analysts have recently issued reports on GE shares. Jefferies Financial Group lowered their target price on shares of General Electric from $195.00 to $180.00 and set a “buy” rating for the company in a report on Wednesday, April 10th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of General Electric from $210.00 to $190.00 and set a “buy” rating for the company in a research report on Wednesday, April 3rd. Vertical Research started coverage on shares of General Electric in a research report on Thursday, April 4th. They issued a “buy” rating and a $160.00 price target for the company. Barclays reduced their price target on shares of General Electric from $181.00 to $175.00 and set an “overweight” rating for the company in a research report on Wednesday, April 3rd. Finally, Royal Bank of Canada reduced their price target on shares of General Electric from $180.00 to $160.00 and set an “outperform” rating for the company in a research report on Thursday, April 4th. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $160.07.

General Electric Price Performance

Shares of GE traded up $2.00 during trading hours on Thursday, reaching $157.67. The company had a trading volume of 933,899 shares, compared to its average volume of 7,911,080. The firm has a 50 day simple moving average of $158.87 and a 200-day simple moving average of $133.96. The company has a current ratio of 1.18, a quick ratio of 0.85 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $172.38 billion, a price-to-earnings ratio of 18.60, a PEG ratio of 3.07 and a beta of 1.29. General Electric has a 12-month low of $76.87 and a 12-month high of $158.68.

General Electric (NYSE:GE) last announced its quarterly earnings results on Tuesday, January 23rd. The conglomerate reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.13. The business had revenue of $19.42 billion during the quarter, compared to the consensus estimate of $17.27 billion. General Electric had a net margin of 13.95% and a return on equity of 10.88%. The business’s revenue was up 15.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.24 EPS. Research analysts expect that General Electric will post 3.78 earnings per share for the current year.

General Electric Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 25th. Stockholders of record on Monday, April 15th will be issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date is Friday, April 12th. This is an increase from General Electric’s previous quarterly dividend of $0.08. General Electric’s dividend payout ratio (DPR) is currently 13.38%.

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.