WCM Investment Management LLC Has $915.47 Million Stock Position in General Electric (NYSE:GE)

WCM Investment Management LLC cut its position in shares of General Electric (NYSE:GE - Free Report) by 1.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,445,987 shares of the conglomerate's stock after selling 96,912 shares during the quarter. General Electric accounts for about 2.2% of WCM Investment Management LLC's investment portfolio, making the stock its 17th largest holding. WCM Investment Management LLC owned about 0.50% of General Electric worth $915,470,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Toth Financial Advisory Corp acquired a new position in shares of General Electric during the 3rd quarter worth about $25,000. Valley Wealth Managers Inc. bought a new stake in General Electric in the third quarter valued at about $25,000. O Brien Wealth Partners LLC acquired a new stake in General Electric during the 3rd quarter worth $27,000. Hager Investment Management Services LLC bought a new position in General Electric during the 4th quarter worth about $27,000. Finally, Peterson Financial Group Inc. acquired a new position in shares of General Electric during the 3rd quarter worth about $28,000. 74.77% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at General Electric

In other 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 value of $2,772,409.50. Following the transaction, the senior vice president now owns 148,857 shares of the company's stock, valued at approximately $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 SEC, which is accessible through this hyperlink. Corporate insiders own 0.66% of the company's stock.

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General Electric Stock Performance

GE stock traded up $0.89 during midday trading on Wednesday, hitting $209.71. 4,593,175 shares of the stock traded hands, compared to its average volume of 5,741,685. 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 firm has a market cap of $225.08 billion, a P/E ratio of 35.01, a PEG ratio of 2.56 and a beta of 1.22. The stock's fifty day simple moving average is $180.75 and its 200-day simple moving average is $178.56. General Electric has a 1-year low of $110.95 and a 1-year high of $211.42.

General Electric (NYSE:GE - Get Free Report) last released its earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.05 by $0.27. General Electric had a net margin of 14.31% and a return on equity of 22.19%. On average, analysts expect that General Electric will post 5.39 earnings per share for the current year.

General Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, January 27th. Stockholders of record on Friday, December 27th were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Friday, December 27th. This represents a $1.12 annualized dividend and a dividend yield of 0.53%. General Electric's dividend payout ratio is presently 18.70%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on GE. JPMorgan Chase & Co. boosted their price objective on General Electric from $190.00 to $210.00 and gave the stock an "overweight" rating in a report on Friday, January 24th. Bank of America upped their price objective on General Electric from $200.00 to $225.00 and gave the company a "buy" rating in a research note on Monday, January 27th. UBS Group boosted their price target on shares of General Electric from $215.00 to $235.00 and gave the stock a "buy" rating in a research report on Friday, January 24th. Wells Fargo & Company boosted their price target on General Electric from $225.00 to $250.00 and gave the company an "overweight" rating in a research note on Friday, January 24th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective 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. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, General Electric has a consensus rating of "Moderate Buy" and a consensus target price of $208.73.

About General Electric

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.