Evermay Wealth Management LLC Lowers Position in General Electric (NYSE:GE)

Evermay Wealth Management LLC reduced its stake in General Electric (NYSE:GE) by 12.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,510 shares of the conglomerate’s stock after selling 223 shares during the period. Evermay Wealth Management LLC’s holdings in General Electric were worth $252,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Centaurus Financial Inc. increased its holdings in General Electric by 53.1% in the 2nd quarter. Centaurus Financial Inc. now owns 3,404 shares of the conglomerate’s stock valued at $541,000 after purchasing an additional 1,181 shares during the last quarter. Massmutual Trust Co. FSB ADV boosted its position in shares of General Electric by 10.3% during the third quarter. Massmutual Trust Co. FSB ADV now owns 4,216 shares of the conglomerate’s stock worth $795,000 after buying an additional 394 shares during the period. Czech National Bank grew its stake in shares of General Electric by 5.9% in the third quarter. Czech National Bank now owns 220,885 shares of the conglomerate’s stock valued at $41,654,000 after buying an additional 12,298 shares in the last quarter. Apella Capital LLC raised its holdings in shares of General Electric by 21.2% in the 3rd quarter. Apella Capital LLC now owns 3,736 shares of the conglomerate’s stock valued at $697,000 after buying an additional 653 shares during the period. Finally, Thrive Wealth Management LLC acquired a new position in General Electric during the 3rd quarter worth about $215,000. Institutional investors and hedge funds own 74.77% of the company’s stock.

General Electric Stock Down 1.0 %

Shares of General Electric stock opened at $203.59 on Friday. General Electric has a one year low of $105.70 and a one year high of $207.65. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 1.09. The firm has a fifty day moving average of $177.41 and a two-hundred day moving average of $176.30. The company has a market cap of $220.35 billion, a P/E ratio of 33.99, a PEG ratio of 2.48 and a beta of 1.19.

General Electric (NYSE:GE) last issued its earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share (EPS) for the quarter, topping 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%. On average, analysts forecast that General Electric will post 5.39 earnings per share for the current year.

General Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 27th. Stockholders of record on Friday, December 27th were given a $0.28 dividend. The ex-dividend date was Friday, December 27th. This represents a $1.12 annualized dividend and a dividend yield of 0.55%. General Electric’s dividend payout ratio is currently 18.70%.

Insider Activity at General Electric

In related news, SVP Riccardo Procacci sold 7,000 shares of General Electric stock in a transaction on 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. This trade represents a 34.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Russell Stokes sold 15,550 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was 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. Corporate insiders own 0.66% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft cut their target price on shares of General Electric from $235.00 to $228.00 and set a “buy” rating on the stock in a research note on Thursday, January 2nd. Wells Fargo & Company upped 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. JPMorgan Chase & Co. lifted their target price on General Electric from $190.00 to $210.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Royal Bank of Canada reiterated an “outperform” rating and set a $200.00 price target on shares of General Electric in a report on Wednesday, January 22nd. Finally, UBS Group increased their price objective on General Electric from $215.00 to $235.00 and gave the company a “buy” rating in a report on Friday, January 24th. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, General Electric presently has a consensus rating of “Moderate Buy” and an average price target of $208.73.

General Electric 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.