General Electric (NYSE:GE) Shares Purchased by Brown Lisle Cummings Inc.

Brown Lisle Cummings Inc. raised its holdings in General Electric (NYSE:GE) by 35.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,086 shares of the conglomerate’s stock after purchasing an additional 550 shares during the quarter. Brown Lisle Cummings Inc.’s holdings in General Electric were worth $348,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of GE. Toth Financial Advisory Corp purchased a new stake in shares of General Electric during the 3rd quarter worth $25,000. Valley Wealth Managers Inc. acquired a new position in General Electric during the third quarter worth about $25,000. O Brien Wealth Partners LLC purchased a new position in General Electric in the third quarter valued at about $27,000. Peterson Financial Group Inc. acquired a new stake in shares of General Electric during the 3rd quarter valued at approximately $28,000. Finally, Sugar Maple Asset Management LLC purchased a new stake in shares of General Electric during the 4th quarter worth approximately $29,000. 74.77% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at General Electric

In other news, SVP Riccardo Procacci sold 7,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $181.13, for a total transaction of $1,267,910.00. Following the completion of the sale, the senior vice president now directly owns 13,289 shares in the company, valued at $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 is available at this hyperlink. Also, SVP Russell Stokes sold 15,550 shares of General Electric 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 directly owns 148,857 shares in the company, valued at approximately $26,539,714.53. The trade was a 9.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.66% of the stock is owned by corporate insiders.

General Electric Stock Performance

Shares of GE stock opened at $204.03 on Tuesday. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88. The company has a market cap of $220.81 billion, a PE ratio of 34.06, a P/E/G ratio of 2.53 and a beta of 1.21. The company’s fifty day simple moving average is $177.41 and its 200-day simple moving average is $176.54. General Electric has a 52 week low of $108.60 and a 52 week high of $207.65.

General Electric (NYSE:GE) last released its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 EPS for the quarter, beating the consensus estimate of $1.05 by $0.27. General Electric had a return on equity of 22.19% and a net margin of 14.31%. As a group, equities research analysts anticipate that General Electric will post 5.39 EPS for the current year.

General Electric Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, January 27th. Shareholders of record on Friday, December 27th were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend was Friday, December 27th. General Electric’s dividend payout ratio is presently 18.70%.

Wall Street Analyst Weigh In

GE has been the topic of several recent research reports. Wells Fargo & Company upped their price target on shares of General Electric from $225.00 to $250.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Sanford C. Bernstein lifted their price objective on General Electric from $201.00 to $225.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Bank of America increased their target price on General Electric from $200.00 to $225.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Deutsche Bank Aktiengesellschaft lowered their price target on General Electric from $235.00 to $228.00 and set a “buy” rating for the company in a report on Thursday, January 2nd. Finally, Citigroup increased their price objective on shares of General Electric from $216.00 to $235.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, General Electric presently has an average rating of “Moderate Buy” and a consensus target price 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.