PDS Planning Inc Sells 241 Shares of General Electric (NYSE:GE)

PDS Planning Inc trimmed its holdings in shares of General Electric (NYSE:GE) by 6.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,584 shares of the conglomerate’s stock after selling 241 shares during the quarter. PDS Planning Inc’s holdings in General Electric were worth $457,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Halpern Financial Inc. increased its stake in General Electric by 968.4% during the 4th quarter. Halpern Financial Inc. now owns 203 shares of the conglomerate’s stock worth $25,000 after purchasing an additional 184 shares in the last quarter. Criterion Capital Advisors LLC bought a new stake in General Electric during the 4th quarter worth approximately $27,000. CGC Financial Services LLC increased its stake in General Electric by 90.2% during the 4th quarter. CGC Financial Services LLC now owns 232 shares of the conglomerate’s stock worth $30,000 after purchasing an additional 110 shares in the last quarter. Capital Analysts LLC boosted its position in General Electric by 55.8% during the 4th quarter. Capital Analysts LLC now owns 243 shares of the conglomerate’s stock worth $31,000 after acquiring an additional 87 shares during the last quarter. Finally, Macroview Investment Management LLC boosted its position in General Electric by 43.4% during the 3rd quarter. Macroview Investment Management LLC now owns 317 shares of the conglomerate’s stock worth $35,000 after acquiring an additional 96 shares during the last quarter. 74.77% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, SVP Michael J. Holston sold 13,601 shares of the firm’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $135.55, for a total value 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, SVP Michael J. Holston sold 22,055 shares of General Electric stock in a transaction dated 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 sale, the senior vice president now directly owns 56,284 shares of the company’s stock, valued at $8,153,863.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Michael J. Holston sold 13,601 shares of General Electric stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $135.55, for a total value of $1,843,615.55. Following the sale, the senior vice president now directly owns 48,339 shares in the company, valued at $6,552,351.45. The disclosure for this sale can be found here. 0.66% of the stock is owned by company insiders.

Analyst Ratings Changes

GE has been the subject of a number of recent research reports. Vertical Research initiated coverage on General Electric in a research report on Thursday, April 4th. They set a “buy” rating and a $160.00 price target for the company. TheStreet raised General Electric from a “c+” rating to a “b+” rating in a research report on Tuesday, January 23rd. The Goldman Sachs Group initiated coverage on General Electric in a research report on Tuesday, April 9th. They set a “buy” rating and a $190.00 price target for the company. Wells Fargo & Company reduced their price target on General Electric from $200.00 to $165.00 and set an “overweight” rating for the company in a research report on Thursday, April 4th. Finally, TD Cowen raised General Electric from a “hold” rating to a “buy” rating and increased their price objective for the company from $175.00 to $180.00 in a report on Tuesday, April 9th. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $160.07.

General Electric Stock Performance

GE stock traded up $9.05 during trading hours on Tuesday, hitting $159.24. 8,606,983 shares of the stock were exchanged, compared to its average volume of 7,998,093. The company has a current ratio of 1.18, a quick ratio of 0.85 and a debt-to-equity ratio of 0.69. General Electric has a 12 month low of $76.87 and a 12 month high of $160.02. The firm has a market capitalization of $174.09 billion, a P/E ratio of 19.01, a P/E/G ratio of 2.92 and a beta of 1.29. The company has a 50-day simple moving average of $159.52 and a two-hundred day simple moving average of $135.03.

General Electric (NYSE:GE) last issued its quarterly earnings results on Tuesday, April 23rd. The conglomerate reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.17. General Electric had a return on equity of 10.88% and a net margin of 13.95%. The company had revenue of $16.10 billion for the quarter, compared to analysts’ expectations of $15.25 billion. During the same quarter last year, the business earned $0.27 earnings per share. General Electric’s revenue was up 11.1% on a year-over-year basis. On average, analysts forecast that General Electric will post 3.76 earnings per share for the current fiscal year.

General Electric Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 25th. Investors of record on Monday, April 15th will be given a $0.28 dividend. The ex-dividend date is Friday, April 12th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.70%. This is a boost from General Electric’s previous quarterly dividend of $0.08. General Electric’s dividend payout ratio (DPR) is presently 13.38%.

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.