Intrinsic Value Partners LLC Sells 70 Shares of General Electric (NYSE:GE)

Intrinsic Value Partners LLC trimmed its holdings in General Electric (NYSE:GE) by 0.4% in the fourth quarter, HoldingsChannel reports. The fund owned 16,872 shares of the conglomerate’s stock after selling 70 shares during the period. General Electric makes up 2.8% of Intrinsic Value Partners LLC’s investment portfolio, making the stock its 11th biggest position. Intrinsic Value Partners LLC’s holdings in General Electric were worth $2,814,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Toth Financial Advisory Corp purchased a new position in shares of General Electric in the third quarter worth $25,000. Valley Wealth Managers Inc. purchased a new position in shares of General Electric in the third quarter worth $25,000. O Brien Wealth Partners LLC purchased a new position in shares of General Electric in the third quarter worth $27,000. Hager Investment Management Services LLC purchased a new position in shares of General Electric in the fourth quarter worth $27,000. Finally, Peterson Financial Group Inc. purchased a new position in General Electric during the 3rd quarter valued at $28,000. 74.77% of the stock is currently owned by institutional investors.

General Electric Stock Performance

Shares of General Electric stock opened at $208.62 on Friday. The stock has a market cap of $223.91 billion, a price-to-earnings ratio of 34.83, a PEG ratio of 2.56 and a beta of 1.22. The firm’s 50-day moving average is $182.00 and its 200 day moving average is $178.98. General Electric has a 1 year low of $117.43 and a 1 year high of $211.42. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81.

General Electric (NYSE:GE) last announced its quarterly earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share (EPS) for the quarter, topping 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%. Sell-side analysts anticipate that General Electric will post 5.39 EPS for the current fiscal year.

General Electric Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 10th will be paid a $0.36 dividend. This is a boost from General Electric’s previous quarterly dividend of $0.28. This represents a $1.44 dividend on an annualized basis and a yield of 0.69%. General Electric’s payout ratio is presently 18.70%.

Wall Street Analyst Weigh In

GE has been the topic of a number of research analyst reports. Melius Research boosted their price objective on shares of General Electric from $194.00 to $202.00 in a research report on Tuesday, October 22nd. Citigroup boosted their price objective on shares of General Electric from $216.00 to $235.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Bank of America boosted their price objective 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. UBS Group boosted their price objective on shares of General Electric from $215.00 to $235.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Finally, Wells Fargo & Company boosted their price objective on shares of General Electric from $225.00 to $250.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $208.73.

Insider Buying and Selling

In other General Electric 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 transaction of $2,772,409.50. Following the transaction, the senior vice president now owns 148,857 shares in the company, valued at approximately $26,539,714.53. This represents a 9.46 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.66% of the stock is currently owned by company insiders.

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.