General Electric (NYSE:GE) Shares Sold by Thompson Investment Management Inc.

Thompson Investment Management Inc. trimmed its position in General Electric (NYSE:GE) by 1.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,805 shares of the conglomerate’s stock after selling 417 shares during the period. Thompson Investment Management Inc.’s holdings in General Electric were worth $4,530,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Dark Forest Capital Management LP increased its holdings in General Electric by 32.6% in the third quarter. Dark Forest Capital Management LP now owns 5,015 shares of the conglomerate’s stock valued at $554,000 after buying an additional 1,232 shares during the last quarter. Cary Street Partners Investment Advisory LLC raised its position in shares of General Electric by 31.0% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 2,919 shares of the conglomerate’s stock worth $323,000 after purchasing an additional 690 shares during the period. Meiji Yasuda Asset Management Co Ltd. boosted its position in shares of General Electric by 7.0% in the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 12,893 shares of the conglomerate’s stock valued at $1,425,000 after purchasing an additional 840 shares during the period. Parkside Financial Bank & Trust increased its stake in General Electric by 18.2% in the 3rd quarter. Parkside Financial Bank & Trust now owns 6,058 shares of the conglomerate’s stock worth $670,000 after purchasing an additional 934 shares in the last quarter. Finally, Operose Advisors LLC lifted its stake in General Electric by 117.8% during the third quarter. Operose Advisors LLC now owns 1,945 shares of the conglomerate’s stock valued at $215,000 after buying an additional 1,052 shares in the last quarter. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Wells Fargo & Company increased their target price on shares of General Electric from $165.00 to $192.00 and gave the stock an “overweight” rating in a research report on Monday, April 29th. Oppenheimer reaffirmed a “market perform” rating on shares of General Electric in a research note on Tuesday, March 5th. UBS Group boosted their target price on General Electric from $191.00 to $201.00 and gave the stock a “buy” rating in a report on Thursday, May 23rd. Royal Bank of Canada lifted their price objective on General Electric from $165.00 to $175.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Finally, Argus raised their target price on General Electric from $170.00 to $180.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Two analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, General Electric presently has an average rating of “Moderate Buy” and an average price target of $177.27.

Insider Activity at General Electric

In other General Electric news, SVP Russell Stokes sold 45,309 shares of the business’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $162.82, for a total value of $7,377,211.38. Following the completion of the transaction, the senior vice president now owns 112,958 shares of the company’s stock, valued at approximately $18,391,821.56. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.66% of the stock is owned by insiders.

General Electric Stock Performance

General Electric stock traded down $0.14 during trading on Wednesday, hitting $159.59. The stock had a trading volume of 1,817,363 shares, compared to its average volume of 7,351,583. 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 moving average is $161.89 and its two-hundred day moving average is $150.77. General Electric has a 1 year low of $83.48 and a 1 year high of $170.80. The stock has a market cap of $174.69 billion, a price-to-earnings ratio of 52.48, a price-to-earnings-growth ratio of 1.70 and a beta of 1.23.

General Electric (NYSE:GE) last released its quarterly earnings results on Tuesday, April 23rd. The conglomerate reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.17. General Electric had a net margin of 5.05% and a return on equity of 12.54%. The firm had revenue of $16.10 billion for the quarter, compared to analysts’ expectations of $15.25 billion. During the same quarter in the prior year, the firm posted $0.27 earnings per share. The business’s quarterly revenue was up 11.1% on a year-over-year basis. As a group, analysts predict that General Electric will post 3.99 EPS for the current year.

General Electric Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 25th. Stockholders of record on Thursday, July 11th will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date of this dividend is Thursday, July 11th. General Electric’s payout ratio is 36.72%.

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.