Glass Wealth Management Co LLC Sells 325 Shares of General Electric (NYSE:GE)

Glass Wealth Management Co LLC trimmed its position in shares of General Electric (NYSE:GE) by 6.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,398 shares of the conglomerate’s stock after selling 325 shares during the period. Glass Wealth Management Co LLC’s holdings in General Electric were worth $734,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in GE. Clear Creek Financial Management LLC lifted its position in shares of General Electric by 17.0% during the third quarter. Clear Creek Financial Management LLC now owns 1,963 shares of the conglomerate’s stock worth $370,000 after acquiring an additional 285 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of General Electric by 11.0% during the third quarter. Van ECK Associates Corp now owns 184,956 shares of the conglomerate’s stock worth $33,605,000 after acquiring an additional 18,340 shares in the last quarter. Donaldson Capital Management LLC lifted its position in shares of General Electric by 17.3% during the third quarter. Donaldson Capital Management LLC now owns 1,861 shares of the conglomerate’s stock worth $351,000 after acquiring an additional 274 shares in the last quarter. Catalyst Capital Advisors LLC lifted its position in shares of General Electric by 117.7% during the third quarter. Catalyst Capital Advisors LLC now owns 270 shares of the conglomerate’s stock worth $51,000 after acquiring an additional 146 shares in the last quarter. Finally, FSM Wealth Advisors LLC lifted its position in shares of General Electric by 4.9% during the third quarter. FSM Wealth Advisors LLC now owns 5,257 shares of the conglomerate’s stock worth $991,000 after acquiring an additional 245 shares in the last quarter. Hedge funds and other institutional investors own 74.77% of the company’s stock.

Wall Street Analyst Weigh In

GE has been the topic of several recent research reports. Redburn Atlantic initiated coverage on General Electric in a research report on Tuesday, February 18th. They set a “buy” rating and a $250.00 target price on the stock. Wells Fargo & Company increased their price objective on General Electric from $225.00 to $250.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. Deutsche Bank Aktiengesellschaft lowered their price objective on General Electric from $235.00 to $228.00 and set a “buy” rating on the stock in a research report on Thursday, January 2nd. Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 price objective on shares of General Electric in a research report on Wednesday, January 22nd. Finally, UBS Group increased their price objective on General Electric from $215.00 to $235.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Three equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, General Electric has a consensus rating of “Moderate Buy” and an average price target of $211.31.

General Electric Trading Down 1.6 %

NYSE GE opened at $198.82 on Wednesday. The stock’s 50-day simple moving average is $191.44 and its two-hundred day simple moving average is $182.63. General Electric has a twelve month low of $125.26 and a twelve month high of $212.19. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $213.39 billion, a price-to-earnings ratio of 33.19, a PEG ratio of 2.59 and a beta of 1.22.

General Electric (NYSE:GE) last announced its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.27. General Electric had a return on equity of 22.19% and a net margin of 14.31%. Research analysts forecast that General Electric will post 5.4 EPS for the current fiscal year.

General Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, March 10th will be paid a dividend of $0.36 per share. This is a boost from General Electric’s previous quarterly dividend of $0.28. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.72%. General Electric’s dividend payout ratio (DPR) is 24.04%.

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.