Czech National Bank Purchases 13,778 Shares of General Electric (NYSE:GE)

Czech National Bank grew its position in General Electric (NYSE:GE - Free Report) by 6.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 234,663 shares of the conglomerate's stock after acquiring an additional 13,778 shares during the quarter. Czech National Bank's holdings in General Electric were worth $39,139,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Toth Financial Advisory Corp bought a new position in General Electric during the third quarter worth about $25,000. Valley Wealth Managers Inc. acquired a new position in shares of General Electric in the 3rd quarter worth approximately $25,000. O Brien Wealth Partners LLC bought a new position in shares of General Electric during the 3rd quarter worth approximately $27,000. Peterson Financial Group Inc. acquired a new stake in General Electric in the 3rd quarter valued at $28,000. Finally, RPg Family Wealth Advisory LLC bought a new stake in General Electric in the third quarter valued at $30,000. Institutional investors and hedge funds own 74.77% of the company's stock.

General Electric Trading Down 0.1 %

Shares of General Electric stock traded down $0.21 during trading on Monday, hitting $171.48. 5,608,956 shares of the company were exchanged, compared to its average volume of 4,981,393. The firm has a market capitalization of $185.59 billion, a P/E ratio of 30.14, a price-to-earnings-growth ratio of 1.63 and a beta of 1.19. The firm's fifty day moving average price is $174.34 and its 200 day moving average price is $173.62. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.13 and a quick ratio of 0.85. General Electric has a 1-year low of $100.95 and a 1-year high of $194.80.

General Electric (NYSE:GE - Get Free Report) last posted its earnings results on Tuesday, October 22nd. The conglomerate reported $1.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.13 by $0.02. The firm had revenue of $9.84 billion during the quarter, compared to analysts' expectations of $9.02 billion. General Electric had a return on equity of 18.93% and a net margin of 11.48%. The company's revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.82 earnings per share. As a group, sell-side analysts expect that General Electric will post 4.24 earnings per share for the current fiscal year.

General Electric Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 27th will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 0.65%. The ex-dividend date of this dividend is Friday, December 27th. General Electric's dividend payout ratio is 19.68%.

Analyst Ratings Changes

GE has been the subject of a number of analyst reports. Royal Bank of Canada cut their price objective on General Electric from $210.00 to $200.00 and set an "outperform" rating for the company in a report on Wednesday, October 23rd. Melius Research lifted their price target on shares of General Electric from $194.00 to $202.00 in a report on Tuesday, October 22nd. Bank of America boosted their price target on shares of General Electric from $180.00 to $200.00 and gave the company a "buy" rating in a research report on Wednesday, October 23rd. Wells Fargo & Company raised their price objective on shares of General Electric from $210.00 to $225.00 and gave the stock an "overweight" rating in a report on Wednesday, December 11th. Finally, UBS Group boosted their target price on General Electric from $223.00 to $230.00 and gave the stock a "buy" rating in a report on Wednesday, October 23rd. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, General Electric currently has a consensus rating of "Moderate Buy" and a consensus price target of $201.47.

Insider Activity

In other news, SVP Russell Stokes sold 15,550 shares of the firm's stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $178.29, for a total value of $2,772,409.50. Following the completion of the transaction, the senior vice president now owns 148,857 shares in the company, valued at $26,539,714.53. This trade represents a 9.46 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Riccardo Procacci sold 7,000 shares of General Electric stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $181.13, for a total value of $1,267,910.00. Following the completion of the sale, the senior vice president now directly owns 13,289 shares in the company, valued at approximately $2,407,036.57. This represents a 34.50 % decrease in their position. The disclosure for this sale can be found here. 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.