Diversified Trust Co Has $4.62 Million Holdings in General Electric (NYSE:GE)

Diversified Trust Co raised its position in General Electric (NYSE:GE - Free Report) by 32.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,689 shares of the conglomerate's stock after purchasing an additional 6,729 shares during the period. Diversified Trust Co's holdings in General Electric were worth $4,618,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of GE. Catalyst Capital Advisors LLC increased its position in 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 in the last quarter. Mackenzie Financial Corp raised its stake in shares of General Electric by 10.5% in the 2nd quarter. Mackenzie Financial Corp now owns 603,988 shares of the conglomerate's stock valued at $96,016,000 after acquiring an additional 57,372 shares during the period. Marietta Investment Partners LLC acquired a new position in shares of General Electric during the 2nd quarter valued at $1,569,000. State Street Corp boosted its position in 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. Finally, Soltis Investment Advisors LLC boosted its position 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 during the period. 74.77% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other General Electric news, 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 value of $1,267,910.00. Following the completion of the sale, the senior vice president now directly owns 13,289 shares of the company's stock, valued at approximately $2,407,036.57. This represents a 34.50 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Russell Stokes sold 15,550 shares of General Electric 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 transaction, the senior vice president now directly owns 148,857 shares in the company, valued at $26,539,714.53. This represents a 9.46 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.66% of the company's stock.

Analyst Ratings Changes

A number of research analysts have commented on GE shares. Deutsche Bank Aktiengesellschaft reduced their price objective on General Electric from $235.00 to $228.00 and set a "buy" rating on the stock in a research note on Thursday, January 2nd. Northcoast Research started coverage on General Electric in a research report on Tuesday. They set a "neutral" rating on the stock. Citigroup increased their price objective on shares of General Electric from $198.00 to $216.00 and gave the company a "buy" rating in a research report on Thursday, October 10th. UBS Group boosted their target price on shares of General Electric from $223.00 to $230.00 and gave the stock a "buy" rating in a research report on Wednesday, October 23rd. Finally, Melius Research raised their price target on shares of General Electric from $194.00 to $202.00 in a report on Tuesday, October 22nd. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, General Electric has a consensus rating of "Moderate Buy" and a consensus target price of $201.47.

General Electric Stock Performance

NYSE GE traded up $0.07 during trading hours on Tuesday, hitting $172.52. The company had a trading volume of 6,496,302 shares, compared to its average volume of 4,900,391. The company has a quick ratio of 0.85, a current ratio of 1.13 and a debt-to-equity ratio of 0.95. The firm has a market cap of $186.72 billion, a P/E ratio of 30.32, a price-to-earnings-growth ratio of 1.63 and a beta of 1.19. General Electric has a fifty-two week low of $99.37 and a fifty-two week high of $194.80. The business has a fifty day simple moving average of $174.39 and a 200-day simple moving average of $173.23.

General Electric (NYSE:GE - Get Free Report) last released its quarterly earnings data on Tuesday, October 22nd. The conglomerate reported $1.15 earnings per share for the quarter, topping analysts' consensus estimates of $1.13 by $0.02. General Electric had a net margin of 11.48% and a return on equity of 18.93%. The business had revenue of $9.84 billion for the quarter, compared to analysts' expectations of $9.02 billion. During the same quarter last year, the company earned $0.82 EPS. The company's revenue for the quarter was up 5.8% compared to the same quarter last year. Equities analysts predict that General Electric will post 4.24 EPS for the current year.

General Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Friday, December 27th will be paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis 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 currently 19.68%.

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.