Court Place Advisors LLC Has $921,000 Stake in General Electric (NYSE:GE)

Court Place Advisors LLC trimmed its stake in General Electric (NYSE:GE) by 2.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,214 shares of the conglomerate’s stock after selling 192 shares during the period. Court Place Advisors LLC’s holdings in General Electric were worth $921,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of GE. Livforsakringsbolaget Skandia Omsesidigt grew its holdings in General Electric by 52.5% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,105 shares of the conglomerate’s stock worth $269,000 after acquiring an additional 725 shares during the period. Daiwa Securities Group Inc. grew its holdings in General Electric by 7.1% during the 4th quarter. Daiwa Securities Group Inc. now owns 98,149 shares of the conglomerate’s stock worth $12,527,000 after acquiring an additional 6,527 shares during the period. Continuum Wealth Advisors LLC acquired a new stake in General Electric during the 4th quarter worth about $207,000. Telos Capital Management Inc. grew its holdings in General Electric by 6.8% during the 4th quarter. Telos Capital Management Inc. now owns 3,847 shares of the conglomerate’s stock worth $491,000 after acquiring an additional 244 shares during the period. Finally, KLCM Advisors Inc. grew its holdings in General Electric by 6.1% during the 4th quarter. KLCM Advisors Inc. now owns 8,014 shares of the conglomerate’s stock worth $1,023,000 after acquiring an additional 463 shares during the period. 74.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at General Electric

In other news, SVP Michael J. Holston sold 22,055 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $144.87, for a total transaction of $3,195,107.85. Following the completion of the sale, the senior vice president now owns 56,284 shares in the company, valued at approximately $8,153,863.08. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, SVP Michael J. Holston sold 22,055 shares of General Electric stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $144.87, for a total value of $3,195,107.85. Following the completion of the transaction, the senior vice president now directly owns 56,284 shares in the company, valued at approximately $8,153,863.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Michael J. Holston sold 13,601 shares of General Electric stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $135.55, for a total transaction of $1,843,615.55. Following the completion of the transaction, the senior vice president now owns 48,339 shares of the company’s stock, valued at $6,552,351.45. The disclosure for this sale can be found here. 0.66% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on GE. TheStreet raised shares of General Electric from a “c+” rating to a “b+” rating in a research report on Tuesday, January 23rd. Wells Fargo & Company cut their price objective on shares of General Electric from $200.00 to $165.00 and set an “overweight” rating on the stock in a research report on Thursday, April 4th. The Goldman Sachs Group began coverage on shares of General Electric in a research report on Tuesday, April 9th. They set a “buy” rating and a $190.00 price objective on the stock. Barclays cut their price objective on shares of General Electric from $181.00 to $175.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 3rd. Finally, Bank of America cut their price objective on shares of General Electric from $175.00 to $165.00 and set a “buy” rating on the stock in a research report on Monday, April 8th. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $160.07.

General Electric Stock Down 0.7 %

NYSE:GE traded down $1.09 on Wednesday, hitting $155.67. The stock had a trading volume of 6,508,573 shares, compared to its average volume of 8,007,875. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.85 and a current ratio of 1.18. The stock has a market cap of $170.19 billion, a P/E ratio of 18.60, a price-to-earnings-growth ratio of 3.01 and a beta of 1.29. General Electric has a 1 year low of $76.87 and a 1 year high of $158.68. The firm’s fifty day simple moving average is $158.53 and its two-hundred day simple moving average is $133.81.

General Electric (NYSE:GE) last posted its quarterly earnings data on Tuesday, January 23rd. The conglomerate reported $1.03 EPS for the quarter, beating the consensus estimate of $0.90 by $0.13. The firm had revenue of $19.42 billion during the quarter, compared to analyst estimates of $17.27 billion. General Electric had a net margin of 13.95% and a return on equity of 10.88%. The company’s revenue for the quarter was up 15.4% on a year-over-year basis. During the same quarter last year, the business posted $1.24 EPS. Analysts predict that General Electric will post 3.78 earnings per share for the current year.

General Electric Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 25th. Stockholders of record on Monday, April 15th will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, April 12th. This represents a $1.12 annualized dividend and a dividend yield of 0.72%. This is a positive change from General Electric’s previous quarterly dividend of $0.08. General Electric’s dividend payout ratio (DPR) is presently 13.38%.

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.