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

Uncommon Cents Investing LLC decreased its position in General Electric (NYSE:GE) by 0.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,362 shares of the conglomerate’s stock after selling 85 shares during the quarter. General Electric accounts for about 1.1% of Uncommon Cents Investing LLC’s investment portfolio, making the stock its 27th largest holding. Uncommon Cents Investing LLC’s holdings in General Electric were worth $3,574,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Walker Asset Management LLC grew its position in General Electric by 1.7% in the first quarter. Walker Asset Management LLC now owns 4,111 shares of the conglomerate’s stock valued at $722,000 after acquiring an additional 70 shares in the last quarter. BKM Wealth Management LLC grew its position in shares of General Electric by 2.6% during the first quarter. BKM Wealth Management LLC now owns 2,821 shares of the conglomerate’s stock worth $495,000 after buying an additional 72 shares in the last quarter. Great Valley Advisor Group Inc. grew its position in shares of General Electric by 1.7% during the fourth quarter. Great Valley Advisor Group Inc. now owns 4,316 shares of the conglomerate’s stock worth $550,000 after buying an additional 74 shares in the last quarter. Checchi Capital Advisers LLC grew its position in shares of General Electric by 1.2% during the fourth quarter. Checchi Capital Advisers LLC now owns 6,377 shares of the conglomerate’s stock worth $814,000 after buying an additional 75 shares in the last quarter. Finally, Forte Capital LLC ADV grew its position in shares of General Electric by 2.1% during the fourth quarter. Forte Capital LLC ADV now owns 4,067 shares of the conglomerate’s stock worth $519,000 after buying an additional 83 shares in the last quarter. Institutional investors and hedge funds own 74.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. raised their price target on shares of General Electric from $148.00 to $175.00 and gave the stock an “overweight” rating in a research report on Monday, May 13th. UBS Group lifted their price objective on shares of General Electric from $201.00 to $209.00 and gave the stock a “buy” rating in a report on Monday. Jefferies Financial Group lifted their price objective on shares of General Electric from $185.00 to $190.00 and gave the stock a “buy” rating in a report on Friday, June 28th. The Goldman Sachs Group lifted their price objective on shares of General Electric from $190.00 to $211.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Finally, TD Cowen raised shares of General Electric from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $175.00 to $180.00 in a report on Tuesday, April 9th. Two research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, General Electric presently has an average rating of “Moderate Buy” and an average target price of $181.93.

Insider Buying and Selling at General Electric

In other General Electric news, SVP Russell Stokes sold 45,309 shares of General Electric stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $162.82, for a total transaction of $7,377,211.38. Following the transaction, the senior vice president now owns 112,958 shares of the company’s stock, valued at approximately $18,391,821.56. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.66% of the company’s stock.

General Electric Trading Up 1.0 %

GE traded up $1.55 during trading on Thursday, reaching $163.00. The company had a trading volume of 2,577,254 shares, compared to its average volume of 5,797,346. The firm’s 50-day simple moving average is $162.59 and its 200 day simple moving average is $152.20. The company has a market cap of $178.42 billion, a price-to-earnings ratio of 53.44, a PEG ratio of 1.71 and a beta of 1.21. General Electric has a 12-month low of $84.42 and a 12-month high of $170.80. 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 (NYSE:GE) last issued 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. The firm had revenue of $16.10 billion for the quarter, compared to analysts’ expectations of $15.25 billion. General Electric had a return on equity of 12.54% and a net margin of 5.05%. General Electric’s revenue was up 11.1% on a year-over-year basis. During the same quarter last year, the business posted $0.27 EPS. Equities research analysts anticipate that General Electric will post 4 earnings per share for the current year.

General Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 25th. Shareholders of record on Thursday, July 11th will be paid a dividend of $0.28 per share. The ex-dividend date is Thursday, July 11th. This represents a $1.12 annualized dividend and a yield of 0.69%. General Electric’s dividend payout ratio (DPR) is presently 36.72%.

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.