Andrew Hill Investment Advisors Inc. Sells 4,976 Shares of General Electric (NYSE:GE)

Andrew Hill Investment Advisors Inc. lowered its stake in General Electric (NYSE:GE) by 24.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,447 shares of the conglomerate’s stock after selling 4,976 shares during the quarter. General Electric accounts for 2.0% of Andrew Hill Investment Advisors Inc.’s portfolio, making the stock its 26th largest position. Andrew Hill Investment Advisors Inc.’s holdings in General Electric were worth $2,456,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Criterion Capital Advisors LLC bought a new stake in shares of General Electric during the 4th quarter valued at $27,000. Capital Analysts LLC increased its holdings in General Electric by 55.8% in the 4th quarter. Capital Analysts LLC now owns 243 shares of the conglomerate’s stock valued at $31,000 after acquiring an additional 87 shares during the last quarter. Bfsg LLC bought a new stake in General Electric in the 4th quarter valued at $32,000. Kapitalo Investimentos Ltda bought a new stake in General Electric in the 4th quarter valued at $32,000. Finally, Richardson Financial Services Inc. bought a new stake in General Electric in the 1st quarter valued at $34,000. Hedge funds and other institutional investors own 74.77% of the company’s stock.

Insider Buying and Selling at General Electric

In other news, SVP Russell Stokes sold 45,309 shares of the stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $162.82, for a total value of $7,377,211.38. Following the completion of the sale, the senior vice president now directly owns 112,958 shares in the company, valued at $18,391,821.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.66% of the company’s stock.

Wall Street Analysts Forecast Growth

GE has been the topic of a number of research reports. Bank of America boosted their target price on shares of General Electric from $165.00 to $180.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. StockNews.com cut shares of General Electric from a “buy” rating to a “hold” rating in a research note on Monday, July 29th. Barclays lifted their price target on shares of General Electric from $175.00 to $200.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 30th. UBS Group lifted their price target on shares of General Electric from $201.00 to $209.00 and gave the stock a “buy” rating in a research note on Monday, July 1st. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of General Electric from $195.00 to $209.00 and gave the company a “buy” rating in a research report on Monday, June 10th. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $190.38.

General Electric Stock Performance

General Electric stock traded down $0.26 during mid-day trading on Monday, reaching $166.87. 3,173,115 shares of the company traded hands, compared to its average volume of 7,019,531. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.14 and a quick ratio of 0.85. General Electric has a fifty-two week low of $84.42 and a fifty-two week high of $177.20. The company has a market capitalization of $182.66 billion, a price-to-earnings ratio of 54.54, a price-to-earnings-growth ratio of 1.70 and a beta of 1.21. The firm’s fifty day moving average is $162.56 and its two-hundred day moving average is $159.21.

General Electric (NYSE:GE) last issued its quarterly earnings results on Tuesday, July 23rd. The conglomerate reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.21. The business had revenue of $9.09 billion for the quarter, compared to analyst estimates of $8.44 billion. General Electric had a net margin of 7.66% and a return on equity of 16.07%. General Electric’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.68 EPS. On average, equities research analysts expect that General Electric will post 4.15 earnings per share for the current fiscal year.

General Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 25th. Shareholders of record on Thursday, July 11th were issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 0.67%. The ex-dividend date of this dividend was Thursday, July 11th. General Electric’s payout ratio is 36.72%.

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.