General Electric (NYSE:GE) Shares Sold by D.A. Davidson & CO.

D.A. Davidson & CO. lessened its position in shares of General Electric (NYSE:GE) by 2.0% in the 4th quarter, HoldingsChannel reports. The fund owned 26,033 shares of the conglomerate’s stock after selling 523 shares during the period. D.A. Davidson & CO.’s holdings in General Electric were worth $3,323,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Halpern Financial Inc. lifted its position in shares of 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 buying an additional 184 shares during the last quarter. Criterion Capital Advisors LLC purchased a new stake in shares of General Electric during the 4th quarter worth approximately $27,000. CGC Financial Services LLC lifted its position in shares of 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 buying an additional 110 shares during the last quarter. Capital Analysts LLC lifted its position in shares of 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 buying an additional 87 shares during the last quarter. Finally, Bfsg LLC purchased a new stake in shares of General Electric during the 4th quarter worth approximately $32,000. Institutional investors and hedge funds own 74.77% of the company’s stock.

General Electric Stock Up 2.8 %

Shares of General Electric stock opened at $165.26 on Friday. The company has a market cap of $180.90 billion, a P/E ratio of 54.18, a PEG ratio of 1.78 and a beta of 1.25. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.82 and a current ratio of 1.17. General Electric has a one year low of $79.76 and a one year high of $170.80. The firm has a fifty day moving average of $162.39 and a two-hundred day moving average of $143.21.

General Electric (NYSE:GE) last posted its quarterly earnings results on Tuesday, April 23rd. The conglomerate reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.17. General Electric had a net margin of 5.05% and a return on equity of 12.54%. The business had revenue of $16.10 billion for the quarter, compared to analysts’ expectations of $15.25 billion. During the same period in the prior year, the company posted $0.27 EPS. The business’s revenue for the quarter was up 11.1% on a year-over-year basis. On average, analysts forecast that General Electric will post 3.98 earnings per share for the current year.

General Electric Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 25th. Stockholders of record on Monday, April 15th were paid a dividend of $0.28 per share. The ex-dividend date was Friday, April 12th. This is a boost from General Electric’s previous quarterly dividend of $0.08. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.68%. General Electric’s dividend payout ratio is 36.72%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Vertical Research assumed coverage on shares of General Electric in a research report on Thursday, April 4th. They set a “buy” rating and a $160.00 price objective for the company. Citigroup upped their price target on shares of General Electric from $120.43 to $186.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. Argus upped their price target on shares of General Electric from $170.00 to $180.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. The Goldman Sachs Group upped their price target on shares of General Electric from $190.00 to $211.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Finally, Jefferies Financial Group upped their price target on shares of General Electric from $180.00 to $185.00 and gave the company a “buy” rating in a research report on Monday, April 29th. Two analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, General Electric has an average rating of “Moderate Buy” and an average price target of $176.00.

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.