Money Concepts Capital Corp Decreases Stake in General Electric (NYSE:GE)

Money Concepts Capital Corp reduced its position in General Electric (NYSE:GE) by 26.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 4,731 shares of the conglomerate’s stock after selling 1,675 shares during the period. Money Concepts Capital Corp’s holdings in General Electric were worth $789,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Czech National Bank grew its stake in General Electric by 5.9% in the 3rd quarter. Czech National Bank now owns 220,885 shares of the conglomerate’s stock valued at $41,654,000 after buying an additional 12,298 shares in the last quarter. Everpar Advisors LLC bought a new position in shares of General Electric in the third quarter valued at approximately $214,000. Miracle Mile Advisors LLC grew its position in shares of General Electric by 20.1% during the 3rd quarter. Miracle Mile Advisors LLC now owns 2,870 shares of the conglomerate’s stock valued at $541,000 after purchasing an additional 481 shares in the last quarter. Fulton Bank N.A. grew its position in General Electric by 8.4% during the third quarter. Fulton Bank N.A. now owns 1,855 shares of the conglomerate’s stock worth $350,000 after buying an additional 143 shares in the last quarter. Finally, Mather Group LLC. grew its holdings in shares of General Electric by 4.8% during the third quarter. Mather Group LLC. now owns 18,289 shares of the conglomerate’s stock worth $3,449,000 after purchasing an additional 845 shares in the last quarter. 74.77% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at General Electric

In other news, SVP Russell Stokes sold 15,550 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $178.29, for a total value of $2,772,409.50. Following the sale, the senior vice president now directly owns 148,857 shares of the company’s stock, valued at $26,539,714.53. This represents a 9.46 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.66% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on GE. JPMorgan Chase & Co. increased their target price on General Electric from $190.00 to $210.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. Citigroup upped their price objective on shares of General Electric from $216.00 to $235.00 and gave the company a “buy” rating in a research note on Monday, January 27th. UBS Group lifted their target price on shares of General Electric from $215.00 to $235.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Bank of America upped their price target on shares of General Electric from $200.00 to $225.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Finally, Melius Research lifted their price objective on General Electric from $194.00 to $202.00 in a report on Tuesday, October 22nd. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $208.73.

General Electric Price Performance

GE opened at $204.44 on Thursday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 1.09. The stock has a market capitalization of $221.26 billion, a PE ratio of 34.13, a price-to-earnings-growth ratio of 2.53 and a beta of 1.21. The stock’s 50 day moving average price is $178.24 and its 200-day moving average price is $177.16. General Electric has a 52-week low of $109.26 and a 52-week high of $207.65.

General Electric (NYSE:GE) last issued its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.27. General Electric had a net margin of 14.31% and a return on equity of 22.19%. On average, equities research analysts predict that General Electric will post 5.39 EPS for the current year.

General Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 27th. Shareholders of record on Friday, December 27th were issued a $0.28 dividend. The ex-dividend date was Friday, December 27th. This represents a $1.12 annualized dividend and a yield of 0.55%. General Electric’s dividend payout ratio (DPR) is presently 18.70%.

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.