Blue Trust Inc. Has $3.09 Million Stock Holdings in General Electric (NYSE:GE)

Blue Trust Inc. lifted its position in General Electric (NYSE:GE - Free Report) by 35.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,523 shares of the conglomerate's stock after buying an additional 4,880 shares during the period. Blue Trust Inc.'s holdings in General Electric were worth $3,089,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Catalyst Capital Advisors LLC boosted its holdings in shares of General Electric by 117.7% in the third quarter. Catalyst Capital Advisors LLC now owns 270 shares of the conglomerate's stock valued at $51,000 after buying an additional 146 shares during the period. Johnson & White Wealth Management LLC bought a new stake in General Electric in the 4th quarter valued at $733,000. State Street Corp boosted its stake in General Electric by 2.1% in the 3rd quarter. State Street Corp now owns 43,322,827 shares of the conglomerate's stock worth $8,181,801,000 after purchasing an additional 898,296 shares during the period. Soltis Investment Advisors LLC increased its holdings in General Electric by 269.8% during the 3rd quarter. Soltis Investment Advisors LLC now owns 28,201 shares of the conglomerate's stock worth $5,318,000 after purchasing an additional 20,575 shares in the last quarter. Finally, World Investment Advisors LLC raised its stake in shares of General Electric by 60.7% in the 3rd quarter. World Investment Advisors LLC now owns 13,662 shares of the conglomerate's stock valued at $2,576,000 after purchasing an additional 5,162 shares during the period. Institutional investors and hedge funds own 74.77% of the company's stock.

General Electric Stock Performance

NYSE:GE traded down $2.45 on Monday, hitting $194.30. The company's stock had a trading volume of 7,672,036 shares, compared to its average volume of 6,601,407. General Electric has a one year low of $103.75 and a one year high of $207.65. The firm has a market capitalization of $210.29 billion, a P/E ratio of 34.15, a price-to-earnings-growth ratio of 1.53 and a beta of 1.19. The stock has a fifty day moving average of $175.33 and a two-hundred day moving average of $175.15. The company has a current ratio of 1.13, a quick ratio of 0.85 and a debt-to-equity ratio of 0.95.

General Electric (NYSE:GE - Get Free Report) last posted 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 return on equity of 18.93% and a net margin of 11.48%. Research analysts predict that General Electric will post 4.23 earnings per share for the current year.

General Electric Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Friday, December 27th will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 0.58%. The ex-dividend date of this dividend is Friday, December 27th. General Electric's payout ratio is 19.68%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on GE shares. Melius Research upped their price objective on General Electric from $194.00 to $202.00 in a research report on Tuesday, October 22nd. Bank of America upped their price target on General Electric from $200.00 to $225.00 and gave the stock a "buy" rating in a research report on Monday. Citigroup lifted their price objective on shares of General Electric from $216.00 to $235.00 and gave the company a "buy" rating in a report on Monday. Wells Fargo & Company increased their target price on shares of General Electric from $225.00 to $250.00 and gave the stock an "overweight" rating in a report on Friday. Finally, Northcoast Research assumed coverage on shares of General Electric in a research note on Tuesday, January 7th. They issued a "neutral" rating on the stock. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, General Electric has an average rating of "Moderate Buy" and an average target price of $208.73.

Insider Activity at General Electric

In other news, SVP Russell Stokes sold 15,550 shares of General Electric 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 sale, the senior vice president now owns 148,857 shares of the company's stock, valued at approximately $26,539,714.53. This trade represents a 9.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Riccardo Procacci sold 7,000 shares of the company's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $181.13, for a total transaction of $1,267,910.00. Following the completion of the transaction, the senior vice president now 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 disclosure for this sale can be found here. 0.66% of the stock is owned by company insiders.

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.