Chevy Chase Trust Holdings LLC Sells 13,338 Shares of General Electric (NYSE:GE)

Chevy Chase Trust Holdings LLC trimmed its position in General Electric (NYSE:GE - Free Report) by 2.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 575,579 shares of the conglomerate's stock after selling 13,338 shares during the period. Chevy Chase Trust Holdings LLC owned about 0.05% of General Electric worth $96,001,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of GE. Tsfg LLC raised its position in General Electric by 12.8% during the third quarter. Tsfg LLC now owns 485 shares of the conglomerate's stock valued at $92,000 after buying an additional 55 shares during the period. Red Door Wealth Management LLC boosted its stake in General Electric by 4.0% during the fourth quarter. Red Door Wealth Management LLC now owns 1,444 shares of the conglomerate's stock worth $241,000 after buying an additional 56 shares in the last quarter. Saxon Interests Inc. grew its stake in shares of General Electric by 4.2% in the 4th quarter. Saxon Interests Inc. now owns 1,425 shares of the conglomerate's stock valued at $238,000 after purchasing an additional 57 shares during the period. Old North State Wealth Management LLC raised its stake in General Electric by 3.0% during the fourth quarter. Old North State Wealth Management LLC now owns 1,981 shares of the conglomerate's stock worth $331,000 after acquiring an additional 58 shares in the last quarter. Finally, Northeast Investment Management increased its position in shares of General Electric by 2.2% during the 4th quarter. Northeast Investment Management now owns 2,708 shares of the conglomerate's stock worth $452,000 after purchasing an additional 59 shares in the last quarter. Hedge funds and other institutional investors own 74.77% of the company's stock.

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General Electric Stock Performance

NYSE GE traded up $0.26 during trading on Monday, reaching $208.62. 4,267,083 shares of the company's stock were exchanged, compared to its average volume of 6,009,583. 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 stock has a market capitalization of $223.91 billion, a P/E ratio of 34.83, a PEG ratio of 2.56 and a beta of 1.22. General Electric has a fifty-two week low of $117.43 and a fifty-two week high of $211.42. The business has a 50 day moving average price of $182.66 and a 200-day moving average price of $179.40.

General Electric (NYSE:GE - Get Free Report) last released its quarterly earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.27. General Electric had a net margin of 14.31% and a return on equity of 22.19%. Sell-side analysts forecast that General Electric will post 5.39 earnings per share for the current fiscal year.

General Electric Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, March 10th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.69%. This is a positive change from General Electric's previous quarterly dividend of $0.28. General Electric's dividend payout ratio is presently 18.70%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on GE. Bank of America lifted their price target on General Electric from $200.00 to $225.00 and gave the company a "buy" rating in a report on Monday, January 27th. Northcoast Research assumed coverage on General Electric in a research note on Tuesday, January 7th. They issued a "neutral" rating on the stock. UBS Group boosted their price target on shares of General Electric from $215.00 to $235.00 and gave the company a "buy" rating in a report on Friday, January 24th. Deutsche Bank Aktiengesellschaft lowered their target price on General Electric from $235.00 to $228.00 and set a "buy" rating for the company in a research note on Thursday, January 2nd. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $200.00 price target on shares of General Electric in a research note on Wednesday, January 22nd. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $208.73.

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.