General Electric (NYSE:GE) Holdings Reduced by Gladstone Institutional Advisory LLC

Gladstone Institutional Advisory LLC lessened its holdings in shares of General Electric (NYSE:GE) by 10.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,415 shares of the conglomerate’s stock after selling 1,733 shares during the period. Gladstone Institutional Advisory LLC’s holdings in General Electric were worth $2,404,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in GE. Creative Planning lifted its holdings in General Electric by 9.0% in the third quarter. Creative Planning now owns 196,581 shares of the conglomerate’s stock worth $37,071,000 after purchasing an additional 16,258 shares during the period. Magnus Financial Group LLC raised its position in shares of General Electric by 46.9% during the 3rd quarter. Magnus Financial Group LLC now owns 3,383 shares of the conglomerate’s stock worth $638,000 after buying an additional 1,080 shares in the last quarter. Petredis Investment Advisors LLC lifted its stake in shares of General Electric by 0.4% in the 3rd quarter. Petredis Investment Advisors LLC now owns 54,032 shares of the conglomerate’s stock worth $10,189,000 after acquiring an additional 214 shares during the period. CFM Wealth Partners LLC bought a new position in shares of General Electric in the third quarter valued at approximately $205,000. Finally, Opal Wealth Advisors LLC increased its stake in shares of General Electric by 11.1% during the third quarter. Opal Wealth Advisors LLC now owns 1,197 shares of the conglomerate’s stock valued at $226,000 after acquiring an additional 120 shares during the period. Institutional investors own 74.77% of the company’s stock.

General Electric Price Performance

Shares of NYSE:GE opened at $209.71 on Thursday. The company’s fifty day moving average is $180.75 and its two-hundred day moving average is $178.56. The company has a market cap of $225.08 billion, a P/E ratio of 35.01, a price-to-earnings-growth ratio of 2.56 and a beta of 1.22. General Electric has a 12-month low of $110.95 and a 12-month high of $211.42. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.88.

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

General Electric Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, January 27th. Stockholders of record on Friday, December 27th were given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date of this dividend was Friday, December 27th. General Electric’s dividend payout ratio (DPR) is 18.70%.

Insider Buying and Selling

In related news, SVP Russell Stokes sold 15,550 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $178.29, for a total transaction of $2,772,409.50. Following the completion of the sale, the senior vice president now directly owns 148,857 shares in the company, valued at approximately $26,539,714.53. This trade represents a 9.46 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.66% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

GE has been the subject of a number of research reports. Melius Research increased their price target on General Electric from $194.00 to $202.00 in a research note on Tuesday, October 22nd. JPMorgan Chase & Co. raised their target price on General Electric from $190.00 to $210.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. Citigroup boosted their price target on shares of General Electric from $216.00 to $235.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Wells Fargo & Company raised their price objective on shares of General Electric from $225.00 to $250.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. Finally, Bank of America boosted their target price on shares of General Electric from $200.00 to $225.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $208.73.

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.