Wilmington Savings Fund Society FSB Has $6.43 Million Stock Position in General Electric (NYSE:GE)

Wilmington Savings Fund Society FSB reduced its stake in General Electric (NYSE:GE) by 6.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 38,525 shares of the conglomerate’s stock after selling 2,479 shares during the period. Wilmington Savings Fund Society FSB’s holdings in General Electric were worth $6,426,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Kingsview Wealth Management LLC boosted its holdings in shares of General Electric by 10.2% during the 4th quarter. Kingsview Wealth Management LLC now owns 232,266 shares of the conglomerate’s stock valued at $38,740,000 after acquiring an additional 21,474 shares in the last quarter. Apollon Wealth Management LLC grew its holdings in shares of General Electric by 9.7% during the fourth quarter. Apollon Wealth Management LLC now owns 22,499 shares of the conglomerate’s stock worth $3,753,000 after purchasing an additional 1,986 shares during the last quarter. Byrne Asset Management LLC bought a new position in General Electric in the 4th quarter valued at approximately $1,811,000. TFG Advisers LLC grew its holdings in General Electric by 7.4% during the 4th quarter. TFG Advisers LLC now owns 1,447 shares of the conglomerate’s stock worth $241,000 after acquiring an additional 100 shares during the last quarter. Finally, Vest Financial LLC increased its position in General Electric by 15.0% in the 4th quarter. Vest Financial LLC now owns 9,409 shares of the conglomerate’s stock valued at $1,569,000 after acquiring an additional 1,228 shares during the period. 74.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at General Electric

In other General Electric 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 transaction, the senior vice president now directly owns 148,857 shares of the company’s stock, valued at approximately $26,539,714.53. This represents a 9.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.66% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Royal Bank of Canada reaffirmed an “outperform” rating and set a $200.00 target price on shares of General Electric in a research report on Wednesday, January 22nd. UBS Group upped their price objective on shares of General Electric from $215.00 to $235.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Northcoast Research assumed coverage on shares of General Electric in a research note on Tuesday, January 7th. They set a “neutral” rating for the company. Bank of America upped their price target on shares of General Electric from $200.00 to $225.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Finally, Deutsche Bank Aktiengesellschaft cut their target price 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. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, General Electric currently has an average rating of “Moderate Buy” and a consensus price target of $208.73.

General Electric Trading Down 0.4 %

Shares of General Electric stock opened at $205.32 on Friday. The company has a market capitalization of $220.37 billion, a P/E ratio of 34.28, a price-to-earnings-growth ratio of 2.56 and a beta of 1.22. The stock has a fifty day simple moving average of $179.22 and a 200 day simple moving average of $177.55. General Electric has a 12-month low of $110.57 and a 12-month high of $207.84. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88.

General Electric (NYSE:GE) last released its quarterly earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.27. General Electric had a net margin of 14.31% and a return on equity of 22.19%. On average, sell-side analysts anticipate 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. Investors of record on Friday, December 27th were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date was Friday, December 27th. General Electric’s dividend payout ratio (DPR) is currently 18.70%.

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.