General Electric (NYSE:GE) Shares Sold by Uncommon Cents Investing LLC

Uncommon Cents Investing LLC lessened its position in General Electric (NYSE:GE) by 1.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,447 shares of the conglomerate’s stock after selling 390 shares during the period. Uncommon Cents Investing LLC’s holdings in General Electric were worth $2,610,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. CGC Financial Services LLC grew its holdings in General Electric by 90.2% in the fourth quarter. CGC Financial Services LLC now owns 232 shares of the conglomerate’s stock valued at $30,000 after purchasing an additional 110 shares during the period. Global Wealth Management Investment Advisory Inc. grew its stake in General Electric by 808.1% during the first quarter. Global Wealth Management Investment Advisory Inc. now owns 336 shares of the conglomerate’s stock worth $31,000 after buying an additional 299 shares during the period. Financial Freedom LLC purchased a new stake in General Electric during the fourth quarter worth approximately $32,000. Macroview Investment Management LLC grew its stake in General Electric by 43.4% during the third quarter. Macroview Investment Management LLC now owns 317 shares of the conglomerate’s stock worth $35,000 after buying an additional 96 shares during the period. Finally, DHJJ Financial Advisors Ltd. purchased a new position in shares of General Electric in the third quarter valued at $37,000. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on GE. Royal Bank of Canada upped their target price on shares of General Electric from $148.00 to $170.00 and gave the company an “outperform” rating in a research note on Friday, March 1st. Jefferies Financial Group upped their price target on shares of General Electric from $180.00 to $195.00 in a report on Monday, March 11th. Barclays upped their price target on shares of General Electric from $153.00 to $181.00 and gave the company an “overweight” rating in a report on Thursday, February 29th. TheStreet raised shares of General Electric from a “c+” rating to a “b+” rating in a report on Tuesday, January 23rd. Finally, StockNews.com began coverage on shares of General Electric in a report on Thursday. They set a “hold” rating on the stock. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, General Electric presently has an average rating of “Moderate Buy” and an average target price of $150.54.

Insider Activity

In other General Electric news, SVP Michael J. Holston sold 22,055 shares of the company’s stock in a transaction dated 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 sale, the senior vice president now directly owns 56,284 shares of the company’s stock, valued at $8,153,863.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other General Electric news, SVP Michael J. Holston sold 13,601 shares of the stock in a transaction that occurred 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 owns 48,339 shares in the company, valued at $6,552,351.45. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Michael J. Holston sold 22,055 shares of the firm’s stock in a transaction on 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 owns 56,284 shares in the company, 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.

General Electric Stock Down 2.6 %

General Electric stock opened at $175.47 on Friday. The company has a 50-day simple moving average of $151.58 and a 200-day simple moving average of $129.37. The firm has a market capitalization of $191.84 billion, a P/E ratio of 20.96, a P/E/G ratio of 2.41 and a beta of 1.28. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.85 and a current ratio of 1.18. General Electric has a one year low of $93.47 and a one year high of $180.36.

General Electric (NYSE:GE) last posted its quarterly earnings data on Tuesday, January 23rd. The conglomerate reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.13. General Electric had a net margin of 13.95% and a return on equity of 10.88%. The company had revenue of $19.42 billion during the quarter, compared to analyst estimates of $17.27 billion. During the same quarter last year, the firm posted $1.24 EPS. The business’s revenue for the quarter was up 15.4% on a year-over-year basis. As a group, equities analysts expect that General Electric will post 4.57 earnings per share for the current year.

About General Electric

General Electric Company operates as a high-tech industrial company in Europe, China, Asia, the Americas, the Middle East, and Africa. It offers gas and steam turbines, full balance of plant, upgrade, and service solutions, as well as data-leveraging software for power generation, industrial, government, and other customers.