Brown Brothers Harriman & Co. Sells 155 Shares of General Electric (NYSE:GE)

Brown Brothers Harriman & Co. lowered its holdings in General Electric (NYSE:GE) by 1.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 14,910 shares of the conglomerate’s stock after selling 155 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in General Electric were worth $2,812,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Mount Yale Investment Advisors LLC acquired a new position in General Electric during the 1st quarter valued at about $299,000. Caxton Associates LP purchased a new position in shares of General Electric during the first quarter valued at approximately $744,000. Silvercrest Asset Management Group LLC grew its holdings in General Electric by 0.4% during the first quarter. Silvercrest Asset Management Group LLC now owns 28,358 shares of the conglomerate’s stock worth $4,978,000 after buying an additional 102 shares in the last quarter. Waverly Advisors LLC raised its position in General Electric by 54.1% in the 1st quarter. Waverly Advisors LLC now owns 8,891 shares of the conglomerate’s stock valued at $1,561,000 after buying an additional 3,120 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its stake in General Electric by 38.7% during the 1st quarter. Janus Henderson Group PLC now owns 149,769 shares of the conglomerate’s stock valued at $26,280,000 after acquiring an additional 41,795 shares in the last quarter. Institutional investors and hedge funds own 74.77% of the company’s stock.

General Electric Stock Performance

NYSE:GE opened at $180.21 on Tuesday. The stock has a market cap of $195.04 billion, a P/E ratio of 31.67, a PEG ratio of 1.78 and a beta of 1.19. The company has a quick ratio of 0.85, a current ratio of 1.13 and a debt-to-equity ratio of 0.95. The business’s 50-day moving average price is $183.20 and its two-hundred day moving average price is $171.22. General Electric has a twelve month low of $94.54 and a twelve month high of $194.80.

General Electric (NYSE:GE) last announced its earnings results on Tuesday, October 22nd. The conglomerate reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.02. General Electric had a net margin of 11.48% and a return on equity of 18.93%. The business had revenue of $9.84 billion during the quarter, compared to analyst estimates of $9.02 billion. During the same period in the previous year, the business posted $0.82 earnings per share. General Electric’s revenue for the quarter was up 5.8% on a year-over-year basis. As a group, equities analysts predict that General Electric will post 4.24 EPS for the current fiscal year.

General Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Thursday, September 26th were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date was Thursday, September 26th. General Electric’s payout ratio is currently 19.68%.

Insider Activity at General Electric

In other news, SVP Riccardo Procacci sold 7,000 shares of General Electric stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $181.13, for a total value of $1,267,910.00. Following the transaction, the senior vice president now owns 13,289 shares in the company, valued at approximately $2,407,036.57. The trade was a 34.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Russell Stokes sold 15,550 shares of the stock in a transaction dated 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 sale, the senior vice president now owns 148,857 shares of the company’s stock, valued at $26,539,714.53. This represents a 9.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.66% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on GE shares. StockNews.com downgraded shares of General Electric from a “buy” rating to a “hold” rating in a research report on Monday, July 29th. Bank of America boosted their target price on shares of General Electric from $180.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Wells Fargo & Company upped their price objective on General Electric from $205.00 to $210.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft upped their price target on General Electric from $212.00 to $235.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. Finally, Citigroup boosted their price objective on General Electric from $198.00 to $216.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Two analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, General Electric has an average rating of “Moderate Buy” and an average target price of $200.93.

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.