Howland Capital Management LLC Sells 187 Shares of General Electric (NYSE:GE)

Howland Capital Management LLC reduced its holdings in shares of General Electric (NYSE:GE) by 0.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 64,068 shares of the conglomerate’s stock after selling 187 shares during the period. Howland Capital Management LLC’s holdings in General Electric were worth $10,704,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of GE. Toth Financial Advisory Corp purchased a new stake in shares of General Electric during the third quarter valued at approximately $25,000. Valley Wealth Managers Inc. purchased a new stake in shares of General Electric during the third quarter valued at approximately $25,000. O Brien Wealth Partners LLC purchased a new stake in shares of General Electric during the third quarter valued at approximately $27,000. Peterson Financial Group Inc. purchased a new stake in shares of General Electric during the third quarter valued at approximately $28,000. Finally, RPg Family Wealth Advisory LLC purchased a new stake in General Electric in the third quarter worth $30,000. 74.77% of the stock is currently owned by institutional investors.

General Electric Price Performance

NYSE GE opened at $205.32 on Friday. The stock has a market capitalization of $220.37 billion, a price-to-earnings ratio of 34.28, a PEG ratio of 2.56 and a beta of 1.22. General Electric has a 1-year low of $110.57 and a 1-year high of $207.84. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81. The business’s fifty day moving average price is $179.68 and its 200-day moving average price is $177.85.

General Electric (NYSE:GE) last posted its 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 return on equity of 22.19% and a net margin of 14.31%. On average, equities analysts predict that General Electric will post 5.39 earnings per share for the current year.

General Electric Announces Dividend

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

Analyst Ratings Changes

GE has been the subject of a number of research analyst reports. Citigroup raised their price target on General Electric from $216.00 to $235.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. UBS Group raised their price target on General Electric from $215.00 to $235.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $200.00 price target on shares of General Electric in a research note on Wednesday, January 22nd. Sanford C. Bernstein raised their price target on General Electric from $201.00 to $225.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on General Electric from $235.00 to $228.00 and set a “buy” rating for the company in a research report on Thursday, January 2nd. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $208.73.

Insider Transactions at General Electric

In related news, SVP Russell Stokes sold 15,550 shares of the business’s stock in a transaction that occurred 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 in the company, valued at approximately $26,539,714.53. The trade was a 9.46 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.66% of the company’s stock.

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.