General Electric (NYSE:GE) Shares Acquired by Winthrop Advisory Group LLC

Winthrop Advisory Group LLC raised its holdings in shares of General Electric (NYSE:GE) by 14.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 1,689 shares of the conglomerate’s stock after buying an additional 215 shares during the quarter. Winthrop Advisory Group LLC’s holdings in General Electric were worth $282,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Toth Financial Advisory Corp acquired a new position in General Electric during the third quarter worth $25,000. Valley Wealth Managers Inc. acquired a new position in General Electric during the third quarter worth $25,000. O Brien Wealth Partners LLC acquired a new position in General Electric during the third quarter worth $27,000. Peterson Financial Group Inc. acquired a new position in General Electric during the third quarter worth $28,000. Finally, RPg Family Wealth Advisory LLC acquired a new position in General Electric during the third quarter worth $30,000. 74.77% of the stock is currently owned by institutional investors and hedge funds.

General Electric Trading Down 0.1 %

NYSE GE traded down $0.10 during trading hours on Monday, reaching $171.59. The company had a trading volume of 744,090 shares, compared to its average volume of 4,241,202. The stock has a market capitalization of $185.71 billion, a P/E ratio of 30.16, a price-to-earnings-growth ratio of 1.63 and a beta of 1.19. General Electric has a 1-year low of $100.95 and a 1-year high of $194.80. The company has a current ratio of 1.13, a quick ratio of 0.85 and a debt-to-equity ratio of 0.95. The stock has a 50-day moving average of $174.34 and a 200 day moving average of $173.54.

General Electric (NYSE:GE) last issued its quarterly earnings results on Tuesday, October 22nd. The conglomerate reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.02. The business had revenue of $9.84 billion for the quarter, compared to analysts’ expectations of $9.02 billion. General Electric had a net margin of 11.48% and a return on equity of 18.93%. The business’s quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.82 earnings per share. As a group, research analysts anticipate that General Electric will post 4.24 earnings per share for the current fiscal year.

General Electric Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Friday, December 27th will be issued a $0.28 dividend. The ex-dividend date of this dividend is Friday, December 27th. This represents a $1.12 annualized dividend and a yield of 0.65%. General Electric’s dividend payout ratio (DPR) is 19.68%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on GE. Northcoast Research began coverage on shares of General Electric in a report on Tuesday, January 7th. They set a “neutral” rating for the company. Wells Fargo & Company upped their target price on shares of General Electric from $210.00 to $225.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Citigroup upped their target price 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. Sanford C. Bernstein upped their target price on shares of General Electric from $201.00 to $225.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Finally, UBS Group upped their price objective on shares of General Electric from $223.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $201.47.

Insider Activity at General Electric

In other General Electric news, SVP Riccardo Procacci sold 7,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $181.13, for a total value of $1,267,910.00. Following the transaction, the senior vice president now directly owns 13,289 shares in the company, valued at $2,407,036.57. This represents a 34.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Russell Stokes sold 15,550 shares of the stock in a transaction that occurred on 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 completion of the transaction, the senior vice president now owns 148,857 shares in the company, valued at $26,539,714.53. This represents a 9.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.66% of the stock is owned by corporate 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.