Advisors Management Group Inc. ADV Trims Stock Holdings in General Electric (NYSE:GE)

Advisors Management Group Inc. ADV lowered its stake in shares of General Electric (NYSE:GE) by 0.9% during the 4th quarter, HoldingsChannel reports. The fund owned 17,773 shares of the conglomerate’s stock after selling 166 shares during the period. Advisors Management Group Inc. ADV’s holdings in General Electric were worth $2,964,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Toth Financial Advisory Corp bought a new stake in shares of General Electric during the third quarter valued at about $25,000. Valley Wealth Managers Inc. bought a new stake in General Electric during the 3rd quarter worth approximately $25,000. O Brien Wealth Partners LLC purchased a new stake in General Electric in the 3rd quarter worth approximately $27,000. Peterson Financial Group Inc. purchased a new stake in General Electric in the 3rd quarter worth approximately $28,000. Finally, RPg Family Wealth Advisory LLC bought a new position in General Electric in the 3rd quarter valued at $30,000. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

General Electric Stock Up 2.0 %

Shares of NYSE:GE opened at $180.34 on Thursday. General Electric has a 12-month low of $100.95 and a 12-month 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’s 50-day moving average price is $174.37 and its 200-day moving average price is $173.74. The stock has a market capitalization of $195.18 billion, a P/E ratio of 31.69, a price-to-earnings-growth ratio of 1.63 and a beta of 1.19.

General Electric (NYSE:GE) last announced its quarterly earnings results 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 business had revenue of $9.84 billion for the quarter, compared to analysts’ expectations of $9.02 billion. During the same period in the previous year, the firm earned $0.82 EPS. The business’s quarterly revenue was up 5.8% on a year-over-year basis. On average, equities analysts anticipate that General Electric will post 4.24 earnings per share for the current year.

General Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Friday, December 27th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 0.62%. The ex-dividend date of this dividend is Friday, December 27th. General Electric’s dividend payout ratio (DPR) is 19.68%.

Analysts Set New Price Targets

GE has been the topic of a number of recent analyst reports. Sanford C. Bernstein increased their price objective on General Electric from $201.00 to $225.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Deutsche Bank Aktiengesellschaft dropped their price target on General Electric from $235.00 to $228.00 and set a “buy” rating for the company in a research report on Thursday, January 2nd. UBS Group upped their price objective on shares of General Electric from $223.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Citigroup lifted their target price on shares of General Electric from $198.00 to $216.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Finally, Wells Fargo & Company increased their price target 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. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $201.47.

Insider Transactions at General Electric

In other news, SVP Riccardo Procacci sold 7,000 shares of the firm’s stock in a transaction dated 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 completion of the sale, the senior vice president now directly owns 13,289 shares of the company’s stock, valued at approximately $2,407,036.57. This trade represents a 34.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Russell Stokes sold 15,550 shares of General Electric 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 sale, the senior vice president now directly owns 148,857 shares in the company, valued at $26,539,714.53. The trade was a 9.46 % decrease in their position. The disclosure for this sale can be found here. 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.