Sandbox Financial Partners LLC Decreases Position in General Electric (NYSE:GE)

Sandbox Financial Partners LLC lowered its position in General Electric (NYSE:GE) by 24.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,412 shares of the conglomerate’s stock after selling 1,439 shares during the quarter. Sandbox Financial Partners LLC’s holdings in General Electric were worth $736,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Oppenheimer Asset Management Inc. purchased a new position in General Electric during the second quarter worth $556,000. Seven Eight Capital LP acquired a new stake in shares of General Electric during the second quarter valued at $560,000. ProVise Management Group LLC increased its position in General Electric by 18.8% during the 2nd quarter. ProVise Management Group LLC now owns 2,787 shares of the conglomerate’s stock worth $443,000 after purchasing an additional 442 shares in the last quarter. Brighton Jones LLC raised its stake in General Electric by 1.3% in the 2nd quarter. Brighton Jones LLC now owns 8,020 shares of the conglomerate’s stock valued at $1,275,000 after purchasing an additional 106 shares during the last quarter. Finally, Ieq Capital LLC lifted its holdings in General Electric by 4.6% in the 2nd quarter. Ieq Capital LLC now owns 42,347 shares of the conglomerate’s stock valued at $6,732,000 after purchasing an additional 1,868 shares in the last quarter. Institutional investors and hedge funds own 74.77% of the company’s stock.

General Electric Stock Performance

Shares of GE stock opened at $182.83 on Friday. The company’s fifty day simple moving average is $174.33 and its 200-day simple moving average is $174.00. The company has a current ratio of 1.13, a quick ratio of 0.85 and a debt-to-equity ratio of 0.95. General Electric has a 52 week low of $101.16 and a 52 week high of $194.80. The company has a market cap of $197.87 billion, a PE ratio of 32.13, a P/E/G ratio of 1.40 and a beta of 1.19.

General Electric (NYSE:GE) last issued its quarterly earnings data on Tuesday, October 22nd. The conglomerate reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.02. General Electric had a return on equity of 18.93% and a net margin of 11.48%. The company had revenue of $9.84 billion for the quarter, compared to analysts’ expectations of $9.02 billion. During the same quarter in the previous year, the firm posted $0.82 earnings per share. The firm’s quarterly revenue was up 5.8% on a year-over-year basis. As a group, equities research analysts anticipate that General Electric will post 4.23 EPS for the current year.

General Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 27th will be given a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 0.61%. The ex-dividend date is Friday, December 27th. General Electric’s dividend payout ratio (DPR) is 19.68%.

Insider Transactions at General Electric

In related news, SVP Russell Stokes sold 15,550 shares of the company’s stock in a transaction on 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Riccardo Procacci sold 7,000 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $181.13, for a total transaction of $1,267,910.00. Following the transaction, the senior vice president now owns 13,289 shares in the company, valued at $2,407,036.57. This trade represents a 34.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.66% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on GE shares. Citigroup lifted their price target on shares of General Electric from $198.00 to $216.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Royal Bank of Canada cut their price target on General Electric from $210.00 to $200.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. Wells Fargo & Company raised their price objective on General Electric from $210.00 to $225.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft dropped their target price on General Electric from $235.00 to $228.00 and set a “buy” rating for the company in a research note on Thursday, January 2nd. Finally, Bank of America lifted their price target on General Electric from $180.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Three research 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 stock currently has an average rating of “Moderate Buy” and a consensus price target of $201.47.

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.