Capital International Ltd. CA Has $5.29 Million Stake in General Electric (NYSE:GE)

Capital International Ltd. CA reduced its stake in shares of General Electric (NYSE:GEFree Report) by 0.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 41,440 shares of the conglomerate’s stock after selling 167 shares during the period. Capital International Ltd. CA’s holdings in General Electric were worth $5,289,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of GE. Great Valley Advisor Group Inc. boosted its holdings in shares of General Electric by 1.7% during the fourth quarter. Great Valley Advisor Group Inc. now owns 4,316 shares of the conglomerate’s stock worth $550,000 after purchasing an additional 74 shares during the period. Checchi Capital Advisers LLC raised its stake in General Electric by 1.2% in the fourth quarter. Checchi Capital Advisers LLC now owns 6,377 shares of the conglomerate’s stock worth $814,000 after buying an additional 75 shares in the last quarter. Forte Capital LLC ADV raised its stake in General Electric by 2.1% in the fourth quarter. Forte Capital LLC ADV now owns 4,067 shares of the conglomerate’s stock worth $519,000 after buying an additional 83 shares in the last quarter. Atlas Brown Inc. raised its stake in General Electric by 1.0% in the fourth quarter. Atlas Brown Inc. now owns 8,322 shares of the conglomerate’s stock worth $1,062,000 after buying an additional 85 shares in the last quarter. Finally, Capital Analysts LLC raised its stake in General Electric by 55.8% in the fourth quarter. Capital Analysts LLC now owns 243 shares of the conglomerate’s stock worth $31,000 after buying an additional 87 shares in the last quarter. 74.77% of the stock is owned by institutional investors.

Insider Activity at General Electric

In related news, SVP Russell Stokes sold 45,309 shares of the firm’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $162.82, for a total transaction of $7,377,211.38. Following the sale, the senior vice president now owns 112,958 shares in the company, valued at $18,391,821.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.66% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on GE shares. Deutsche Bank Aktiengesellschaft decreased their target price on shares of General Electric from $210.00 to $190.00 and set a “buy” rating for the company in a research note on Wednesday, April 3rd. StockNews.com began coverage on shares of General Electric in a report on Monday, April 29th. They set a “hold” rating on the stock. The Goldman Sachs Group raised their target price on shares of General Electric from $190.00 to $211.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Jefferies Financial Group raised their target price on shares of General Electric from $180.00 to $185.00 and gave the stock a “buy” rating in a report on Monday, April 29th. Finally, UBS Group raised their target price on shares of General Electric from $191.00 to $201.00 and gave the stock a “buy” rating in a report on Thursday, May 23rd. Two investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $176.00.

Check Out Our Latest Research Report on GE

General Electric Stock Up 0.7 %

Shares of NYSE GE traded up $1.14 during midday trading on Wednesday, reaching $162.52. 2,630,188 shares of the company’s stock traded hands, compared to its average volume of 7,475,441. The company has a quick ratio of 0.82, a current ratio of 1.17 and a debt-to-equity ratio of 0.63. The stock’s 50 day simple moving average is $161.07 and its 200-day simple moving average is $146.40. General Electric has a one year low of $82.11 and a one year high of $170.80. The company has a market cap of $177.90 billion, a price-to-earnings ratio of 52.69, a P/E/G ratio of 1.78 and a beta of 1.23.

General Electric (NYSE:GEGet Free Report) last posted its quarterly earnings results on Tuesday, April 23rd. The conglomerate reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.17. The business had revenue of $16.10 billion during the quarter, compared to analysts’ expectations of $15.25 billion. General Electric had a net margin of 5.05% and a return on equity of 12.54%. The business’s quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter last year, the company posted $0.27 earnings per share. On average, analysts predict that General Electric will post 3.98 EPS for the current fiscal year.

General Electric Increases Dividend

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

General Electric Company Profile

(Free Report)

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.

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

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