General Electric (NYSE:GE) Shares Sold by Good Life Advisors LLC

Good Life Advisors LLC trimmed its stake in shares of General Electric (NYSE:GE) by 48.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,062 shares of the conglomerate’s stock after selling 7,674 shares during the quarter. Good Life Advisors LLC’s holdings in General Electric were worth $1,345,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. OLD National Bancorp IN increased its stake in shares of General Electric by 19.9% during the third quarter. OLD National Bancorp IN now owns 3,294 shares of the conglomerate’s stock worth $621,000 after acquiring an additional 547 shares during the period. Whittier Trust Co. boosted its holdings in General Electric by 25.8% in the 3rd quarter. Whittier Trust Co. now owns 10,532 shares of the conglomerate’s stock valued at $1,986,000 after purchasing an additional 2,161 shares in the last quarter. Copeland Capital Management LLC acquired a new position in General Electric during the 3rd quarter worth approximately $48,000. Ledyard National Bank lifted its holdings in shares of General Electric by 26.9% in the 3rd quarter. Ledyard National Bank now owns 2,511 shares of the conglomerate’s stock valued at $474,000 after buying an additional 532 shares during the period. Finally, Foundations Investment Advisors LLC boosted its stake in shares of General Electric by 5.2% in the third quarter. Foundations Investment Advisors LLC now owns 10,364 shares of the conglomerate’s stock valued at $1,954,000 after buying an additional 513 shares in the last quarter. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on GE. Wells Fargo & Company increased their price objective on General Electric from $225.00 to $250.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. Deutsche Bank Aktiengesellschaft cut their price target on shares of General Electric from $235.00 to $228.00 and set a “buy” rating for the company in a report on Thursday, January 2nd. Royal Bank of Canada restated an “outperform” rating and set a $200.00 target price on shares of General Electric in a research report on Wednesday, January 22nd. Citigroup increased their target price on shares of General Electric from $216.00 to $235.00 and gave the company a “buy” rating in a report on Monday, January 27th. Finally, Bank of America boosted their price target on General Electric from $200.00 to $225.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Three investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, General Electric currently has a consensus rating of “Moderate Buy” and an average price target of $211.31.

General Electric Trading Up 0.1 %

General Electric stock opened at $210.28 on Thursday. The stock has a 50-day moving average price of $185.01 and a 200 day moving average price of $180.23. General Electric has a 52 week low of $118.13 and a 52 week high of $212.19. The stock has a market cap of $225.69 billion, a PE ratio of 35.11, a P/E/G ratio of 2.59 and a beta of 1.22. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88.

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

General Electric Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, March 10th will be issued a dividend of $0.36 per share. This is a boost from General Electric’s previous quarterly dividend of $0.28. This represents a $1.44 annualized dividend and a dividend yield of 0.68%. General Electric’s dividend payout ratio (DPR) is 18.70%.

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.