Mutual of America Capital Management LLC Sells 6,662 Shares of General Electric (NYSE:GE)

Mutual of America Capital Management LLC decreased its position in General Electric (NYSE:GEFree Report) by 4.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 145,602 shares of the conglomerate’s stock after selling 6,662 shares during the quarter. Mutual of America Capital Management LLC’s holdings in General Electric were worth $18,583,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Halpern Financial Inc. increased its position in 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 acquiring an additional 184 shares in the last quarter. CGC Financial Services LLC grew its position in shares of General Electric by 90.2% during the 4th quarter. CGC Financial Services LLC now owns 232 shares of the conglomerate’s stock worth $30,000 after buying an additional 110 shares during the period. Global Wealth Management Investment Advisory Inc. grew its position in shares of General Electric by 808.1% during the 1st quarter. Global Wealth Management Investment Advisory Inc. now owns 336 shares of the conglomerate’s stock worth $31,000 after buying an additional 299 shares during the period. Financial Freedom LLC acquired a new stake in shares of General Electric during the 4th quarter worth approximately $32,000. Finally, Macroview Investment Management LLC grew its position in shares of General Electric by 43.4% during the 3rd quarter. Macroview Investment Management LLC now owns 317 shares of the conglomerate’s stock worth $35,000 after buying an additional 96 shares during the period. Institutional investors own 74.77% of the company’s stock.

Analyst Upgrades and Downgrades

GE has been the topic of several recent analyst reports. Royal Bank of Canada reduced their price objective on shares of General Electric from $180.00 to $160.00 and set an “outperform” rating on the stock in a research note on Thursday, April 4th. Oppenheimer reaffirmed a “market perform” rating on shares of General Electric in a research note on Tuesday, March 5th. Wells Fargo & Company cut their price target on shares of General Electric from $200.00 to $165.00 and set an “overweight” rating on the stock in a research note on Thursday, April 4th. Barclays cut their price target on shares of General Electric from $181.00 to $175.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 3rd. Finally, Vertical Research initiated coverage on shares of General Electric in a research note on Thursday, April 4th. They issued a “buy” rating and a $160.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, General Electric presently has a consensus rating of “Moderate Buy” and an average price target of $156.67.

View Our Latest Stock Report on GE

General Electric Trading Up 0.7 %

Shares of General Electric stock opened at $157.68 on Friday. The firm has a 50-day moving average of $157.46 and a 200-day moving average of $132.58. The stock has a market cap of $172.39 billion, a PE ratio of 18.84, a PEG ratio of 2.67 and a beta of 1.29. General Electric has a 52-week low of $93.47 and a 52-week high of $180.36. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.85 and a current ratio of 1.18.

General Electric (NYSE:GEGet Free Report) last posted its quarterly earnings data on Tuesday, January 23rd. The conglomerate reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.13. General Electric had a net margin of 13.95% and a return on equity of 10.88%. The business had revenue of $19.42 billion during the quarter, compared to analysts’ expectations of $17.27 billion. During the same quarter in the prior year, the business posted $1.24 earnings per share. General Electric’s revenue was up 15.4% compared to the same quarter last year. As a group, sell-side analysts forecast that General Electric will post 4.35 EPS for the current year.

General Electric Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 25th. Investors of record on Monday, April 15th will be given a dividend of $0.28 per share. This is a boost from General Electric’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Friday, April 12th. This represents a $1.12 annualized dividend and a yield of 0.71%. General Electric’s dividend payout ratio is currently 3.82%.

Insider Buying and Selling

In related news, SVP Michael J. Holston sold 22,055 shares of the company’s 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 owns 56,284 shares of the company’s stock, valued at $8,153,863.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Michael J. Holston sold 22,055 shares of the stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $144.87, for a total transaction of $3,195,107.85. Following the completion of the transaction, the senior vice president now directly 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 company insiders.

General Electric Profile

(Free Report)

General Electric Company operates as a high-tech industrial company in Europe, China, Asia, the Americas, the Middle East, and Africa. It offers gas and steam turbines, full balance of plant, upgrade, and service solutions, as well as data-leveraging software for power generation, industrial, government, and other customers.

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Institutional Ownership by Quarter for General Electric (NYSE:GE)

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