General Electric (NYSE:GE) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC trimmed its position in shares of General Electric (NYSE:GE) by 2.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 144,235 shares of the conglomerate’s stock after selling 3,981 shares during the period. Yousif Capital Management LLC’s holdings in General Electric were worth $24,057,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in GE. Toth Financial Advisory Corp acquired a new stake in General Electric during the 3rd quarter valued at $25,000. Valley Wealth Managers Inc. acquired a new stake in General Electric during the 3rd quarter valued at $25,000. O Brien Wealth Partners LLC bought a new position in General Electric during the 3rd quarter valued at $27,000. Peterson Financial Group Inc. bought a new position in General Electric during the 3rd quarter valued at $28,000. Finally, Sugar Maple Asset Management LLC bought a new position in General Electric during the 4th quarter valued at $29,000. 74.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Citigroup increased their price objective on shares of General Electric from $216.00 to $235.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of General Electric from $235.00 to $228.00 and set a “buy” rating on the stock in a research note on Thursday, January 2nd. Melius Research increased their price objective on shares of General Electric from $194.00 to $202.00 in a research note on Tuesday, October 22nd. Sanford C. Bernstein increased their price objective on shares of General Electric from $201.00 to $225.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Finally, UBS Group raised their price target on shares of General Electric from $215.00 to $235.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $208.73.

General Electric Stock Down 0.9 %

General Electric stock opened at $202.19 on Wednesday. The stock has a market cap of $218.83 billion, a price-to-earnings ratio of 33.75, a PEG ratio of 2.53 and a beta of 1.21. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88. The company’s 50-day moving average price is $177.89 and its two-hundred day moving average price is $176.86. General Electric has a 52 week low of $108.60 and a 52 week high of $207.65.

General Electric (NYSE:GE) last released its earnings results on Thursday, January 23rd. The conglomerate reported $1.32 EPS for the quarter, beating the consensus estimate of $1.05 by $0.27. General Electric had a net margin of 14.31% and a return on equity of 22.19%. On average, analysts expect that General Electric will post 5.39 EPS for the current fiscal year.

General Electric Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, January 27th. Shareholders of record on Friday, December 27th were paid a dividend of $0.28 per share. The ex-dividend date of this dividend was Friday, December 27th. This represents a $1.12 annualized dividend and a yield of 0.55%. General Electric’s payout ratio is 18.70%.

Insider Buying and Selling at General Electric

In other news, SVP Russell Stokes sold 15,550 shares of General Electric stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $178.29, for a total value of $2,772,409.50. Following the transaction, the senior vice president now owns 148,857 shares of the company’s stock, valued at $26,539,714.53. The trade was a 9.46 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.66% of the stock is owned by corporate insiders.

About General Electric

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.