Cookson Peirce & Co. Inc. lessened its stake in shares of General Electric (NYSE:GE - Free Report) by 65.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,571 shares of the conglomerate's stock after selling 14,289 shares during the quarter. Cookson Peirce & Co. Inc.'s holdings in General Electric were worth $1,263,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Catalyst Capital Advisors LLC lifted its stake in shares of General Electric by 117.7% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 270 shares of the conglomerate's stock worth $51,000 after purchasing an additional 146 shares during the period. Johnson & White Wealth Management LLC purchased a new position in shares of General Electric during the 4th quarter worth $733,000. State Street Corp lifted its stake in shares of General Electric by 2.1% during 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 lifted its stake in shares of 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 during the period. Finally, World Investment Advisors LLC lifted its stake in shares of General Electric by 60.7% during the 3rd quarter. World Investment Advisors LLC now owns 13,662 shares of the conglomerate's stock worth $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 Down 1.0 %
NYSE:GE traded down $1.97 during mid-day trading on Friday, hitting $194.08. The company had a trading volume of 7,681,174 shares, compared to its average volume of 5,375,542. The business has a fifty day simple moving average of $193.02 and a 200-day simple moving average of $183.02. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88. General Electric has a 1 year low of $130.38 and a 1 year high of $212.19. The firm has a market capitalization of $208.31 billion, a price-to-earnings ratio of 32.40, a PEG ratio of 2.59 and a beta of 1.19.
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, 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%. Equities analysts forecast that General Electric will post 5.4 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. Stockholders of record on Monday, March 10th will be paid a dividend of $0.36 per share. The ex-dividend date of this dividend is Monday, March 10th. This is an increase from General Electric's previous quarterly dividend of $0.28. This represents a $1.44 annualized dividend and a dividend yield of 0.74%. General Electric's dividend payout ratio (DPR) is currently 24.04%.
Analyst Ratings Changes
GE has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. increased their price target on General Electric from $190.00 to $210.00 and gave the stock an "overweight" rating in a research note on Friday, January 24th. Redburn Atlantic began coverage on General Electric in a research report on Tuesday, February 18th. They issued a "buy" rating and a $250.00 target price on the stock. Northcoast Research began coverage on General Electric in a research report on Tuesday, January 7th. They issued a "neutral" rating on the stock. UBS Group increased their target price on General Electric from $215.00 to $235.00 and gave the stock a "buy" rating in a research report on Friday, January 24th. Finally, 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. Two equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $211.31.
Get Our Latest Stock Analysis on General Electric
About General Electric
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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.
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