Choreo LLC Reduces Stock Position in General Electric (NYSE:GE)

Choreo LLC lowered its position in shares of General Electric (NYSE:GE - Free Report) by 57.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 51,421 shares of the conglomerate's stock after selling 70,310 shares during the period. Choreo LLC's holdings in General Electric were worth $8,631,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in GE. Czech National Bank boosted its position in General Electric by 5.9% during the 3rd quarter. Czech National Bank now owns 220,885 shares of the conglomerate's stock valued at $41,654,000 after buying an additional 12,298 shares during the period. Everpar Advisors LLC purchased a new stake in General Electric during the 3rd quarter valued at $214,000. Miracle Mile Advisors LLC boosted its position in General Electric by 20.1% during the 3rd quarter. Miracle Mile Advisors LLC now owns 2,870 shares of the conglomerate's stock valued at $541,000 after buying an additional 481 shares during the period. Fulton Bank N.A. raised its holdings in General Electric by 8.4% in the 3rd quarter. Fulton Bank N.A. now owns 1,855 shares of the conglomerate's stock worth $350,000 after purchasing an additional 143 shares in the last quarter. Finally, Mather Group LLC. raised its holdings in General Electric by 4.8% in the 3rd quarter. Mather Group LLC. now owns 18,289 shares of the conglomerate's stock worth $3,449,000 after purchasing an additional 845 shares in the last quarter. Hedge funds and other institutional investors own 74.77% of the company's stock.

General Electric Stock Performance

GE opened at $202.19 on Wednesday. General Electric has a 52-week low of $108.60 and a 52-week high of $207.65. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.88. The company has a market cap of $218.83 billion, a P/E ratio of 33.75, a price-to-earnings-growth ratio of 2.53 and a beta of 1.21. The firm's 50-day moving average price is $178.24 and its 200-day moving average price is $177.16.

General Electric (NYSE:GE - Get Free Report) last released its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 EPS for the quarter, topping 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 analysts anticipate that General Electric will post 5.39 EPS for the current fiscal year.

General Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 27th. Investors of record on Friday, December 27th were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 0.55%. The ex-dividend date was Friday, December 27th. General Electric's dividend payout ratio is currently 18.70%.

Insiders Place Their Bets

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 sale, the senior vice president now owns 148,857 shares in the company, valued at $26,539,714.53. The trade was a 9.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.66% of the company's stock.

Analyst Ratings Changes

Several brokerages have commented on GE. Melius Research upped their price objective on shares of General Electric from $194.00 to $202.00 in a report on Tuesday, October 22nd. UBS Group upped their price objective on shares of General Electric from $215.00 to $235.00 and gave the stock a "buy" rating in a report on Friday, January 24th. JPMorgan Chase & Co. upped their price objective on shares of General Electric from $190.00 to $210.00 and gave the stock an "overweight" rating in a report on Friday, January 24th. Sanford C. Bernstein upped their price objective on shares of General Electric from $201.00 to $225.00 and gave the stock an "outperform" rating in a report on Monday, October 14th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of General Electric from $235.00 to $228.00 and set a "buy" rating for the company in a report on Thursday, January 2nd. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target 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.

Want to see what other hedge funds are holding GE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for General Electric (NYSE:GE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.