General Electric (NYSE:GE) Shares Sold by Brighton Jones LLC

Brighton Jones LLC cut its holdings in shares of General Electric (NYSE:GE) by 5.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,630 shares of the conglomerate’s stock after selling 411 shares during the period. Brighton Jones LLC’s holdings in General Electric were worth $974,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Prime Capital Investment Advisors LLC lifted its holdings in shares of General Electric by 29.3% during the fourth quarter. Prime Capital Investment Advisors LLC now owns 28,311 shares of the conglomerate’s stock worth $3,613,000 after purchasing an additional 6,419 shares during the period. Fifth Third Bancorp increased its stake in shares of General Electric by 12.5% during the fourth quarter. Fifth Third Bancorp now owns 261,187 shares of the conglomerate’s stock worth $33,335,000 after acquiring an additional 28,985 shares during the period. O Shaughnessy Asset Management LLC lifted its position in General Electric by 10.9% in the third quarter. O Shaughnessy Asset Management LLC now owns 109,332 shares of the conglomerate’s stock valued at $12,087,000 after purchasing an additional 10,722 shares during the period. Grandfield & Dodd LLC boosted its holdings in General Electric by 9.3% in the 4th quarter. Grandfield & Dodd LLC now owns 269,783 shares of the conglomerate’s stock valued at $34,432,000 after purchasing an additional 22,998 shares in the last quarter. Finally, Qsemble Capital Management LP acquired a new position in General Electric during the 3rd quarter worth approximately $1,846,000. Hedge funds and other institutional investors own 74.77% of the company’s stock.

General Electric Stock Down 1.3 %

GE stock opened at $159.70 on Thursday. The firm has a 50 day simple moving average of $161.50 and a 200-day simple moving average of $137.33. The company has a market capitalization of $174.81 billion, a P/E ratio of 52.36, a PEG ratio of 2.88 and a beta of 1.25. General Electric has a twelve month low of $77.93 and a twelve month high of $166.26. The company has a current ratio of 1.17, a quick ratio of 0.82 and a debt-to-equity ratio of 0.63.

General Electric (NYSE:GE) last issued its earnings results on Tuesday, April 23rd. The conglomerate reported $0.82 EPS for the quarter, topping the consensus estimate of $0.65 by $0.17. The company had revenue of $16.10 billion during the quarter, compared to analyst estimates of $15.25 billion. General Electric had a return on equity of 12.54% and a net margin of 5.05%. The business’s revenue was up 11.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.27 EPS. On average, equities research analysts predict that General Electric will post 3.95 earnings per share for the current fiscal year.

General Electric Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 25th. Stockholders of record on Monday, April 15th were issued a dividend of $0.28 per share. 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. This represents a $1.12 annualized dividend and a dividend yield of 0.70%. General Electric’s dividend payout ratio is 36.72%.

Insider Transactions at General Electric

In other news, SVP Michael J. Holston sold 22,055 shares of the business’s stock in a transaction on 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 transaction, the senior vice president now owns 56,284 shares of the company’s stock, valued at $8,153,863.08. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, SVP Michael J. Holston sold 13,601 shares of the firm’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $135.55, for a total transaction of $1,843,615.55. Following the transaction, the senior vice president now directly owns 48,339 shares of the company’s stock, valued at $6,552,351.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Michael J. Holston sold 22,055 shares of the company’s 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 sale, 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. Insiders own 0.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on GE shares. Wells Fargo & Company boosted their price objective on shares of General Electric from $165.00 to $192.00 and gave the stock an “overweight” rating in a report on Monday. TheStreet upgraded General Electric from a “c+” rating to a “b+” rating in a report on Tuesday, January 23rd. JPMorgan Chase & Co. decreased their price target on shares of General Electric from $180.00 to $148.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 2nd. TD Cowen raised General Electric from a “hold” rating to a “buy” rating and lifted their price objective for the company from $175.00 to $180.00 in a research report on Tuesday, April 9th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective 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. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, General Electric has an average rating of “Moderate Buy” and a consensus target price of $172.29.

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.