Uncommon Cents Investing LLC Sells 390 Shares of General Electric (NYSE:GE)

Uncommon Cents Investing LLC reduced its stake in shares of General Electric (NYSE:GE) by 1.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,447 shares of the conglomerate’s stock after selling 390 shares during the quarter. Uncommon Cents Investing LLC’s holdings in General Electric were worth $2,610,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. CGC Financial Services LLC boosted its holdings in shares of General Electric by 90.2% in the fourth quarter. CGC Financial Services LLC now owns 232 shares of the conglomerate’s stock valued at $30,000 after purchasing an additional 110 shares during the period. Global Wealth Management Investment Advisory Inc. lifted its holdings in General Electric by 808.1% during the first quarter. Global Wealth Management Investment Advisory Inc. now owns 336 shares of the conglomerate’s stock worth $31,000 after buying an additional 299 shares during the period. Financial Freedom LLC acquired a new position in shares of General Electric during the fourth quarter worth $32,000. Macroview Investment Management LLC increased its position in shares of General Electric by 43.4% during the third quarter. Macroview Investment Management LLC now owns 317 shares of the conglomerate’s stock worth $35,000 after purchasing an additional 96 shares in the last quarter. Finally, DHJJ Financial Advisors Ltd. acquired a new position in shares of General Electric in the 3rd quarter valued at $37,000. 74.77% of the stock is owned by institutional investors.

Insider Transactions at General Electric

In related news, SVP Michael J. Holston sold 22,055 shares of the business’s stock in a transaction 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 transaction, the senior vice president now owns 56,284 shares in the company, valued at $8,153,863.08. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other General Electric news, SVP Michael J. Holston sold 13,601 shares of the company’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $135.55, for a total value of $1,843,615.55. Following the completion of the transaction, the senior vice president now owns 48,339 shares in the company, valued at $6,552,351.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Michael J. Holston sold 22,055 shares of the company’s stock in a transaction 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 transaction, the senior vice president now owns 56,284 shares of the company’s stock, valued at approximately $8,153,863.08. The disclosure for this sale can be found here. Corporate insiders own 0.66% of the company’s stock.

General Electric Stock Down 2.6 %

Shares of NYSE GE opened at $175.47 on Friday. The firm has a market cap of $191.84 billion, a price-to-earnings ratio of 20.96, a PEG ratio of 2.41 and a beta of 1.28. The company has a quick ratio of 0.85, a current ratio of 1.18 and a debt-to-equity ratio of 0.69. General Electric has a 52-week low of $93.47 and a 52-week high of $180.36. The business’s 50 day moving average is $151.58 and its two-hundred day moving average is $129.37.

General Electric (NYSE:GE) last announced its earnings results on Tuesday, January 23rd. The conglomerate reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.13. General Electric had a return on equity of 10.88% and a net margin of 13.95%. The company had revenue of $19.42 billion for the quarter, compared to analyst estimates of $17.27 billion. During the same quarter in the previous year, the company earned $1.24 earnings per share. The firm’s quarterly revenue was up 15.4% compared to the same quarter last year. Research analysts predict that General Electric will post 4.57 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Wells Fargo & Company increased their price target on General Electric from $177.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday. Oppenheimer reaffirmed a “market perform” rating on shares of General Electric in a research report on Tuesday, March 5th. TheStreet raised General Electric from a “c+” rating to a “b+” rating in a research report on Tuesday, January 23rd. StockNews.com started coverage on shares of General Electric in a research note on Thursday. They set a “hold” rating on the stock. Finally, Jefferies Financial Group increased their target price on shares of General Electric from $180.00 to $195.00 in a research note on Monday, March 11th. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, General Electric has an average rating of “Moderate Buy” and a consensus price target of $150.54.

General Electric Company Profile

General Electric Company operates as a high-tech industrial company in Europe, China, Asia, the Americas, the Middle East, and Africa. It offers gas and steam turbines, full balance of plant, upgrade, and service solutions, as well as data-leveraging software for power generation, industrial, government, and other customers.