Leavell Investment Management Inc. Has $1.92 Million Position in General Electric (NYSE:GE)

Leavell Investment Management Inc. boosted its position in General Electric (NYSE:GE - Free Report) by 35.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,472 shares of the conglomerate's stock after buying an additional 3,003 shares during the quarter. Leavell Investment Management Inc.'s holdings in General Electric were worth $1,917,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Toth Financial Advisory Corp acquired a new position in shares of General Electric during the third quarter worth approximately $25,000. Valley Wealth Managers Inc. acquired a new position in shares of General Electric during the third quarter worth approximately $25,000. O Brien Wealth Partners LLC acquired a new stake in General Electric in the third quarter worth approximately $27,000. Hager Investment Management Services LLC acquired a new stake in General Electric in the fourth quarter worth approximately $27,000. Finally, Peterson Financial Group Inc. acquired a new stake in General Electric in the third quarter worth approximately $28,000. 74.77% of the stock is owned by institutional investors.

Insider Buying and Selling at General Electric

In other news, SVP Russell Stokes sold 15,550 shares of General Electric stock in a transaction on Monday, November 18th. The shares were sold at an average price of $178.29, for a total transaction of $2,772,409.50. Following the transaction, the senior vice president now directly owns 148,857 shares of the company's stock, valued at $26,539,714.53. This trade represents a 9.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.66% of the company's stock.

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General Electric Price Performance

Shares of GE traded up $0.26 during mid-day trading on Friday, hitting $208.62. 4,267,083 shares of the company traded hands, compared to its average volume of 6,009,583. General Electric has a one year low of $117.43 and a one year high of $211.42. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88. The business has a 50-day moving average of $182.66 and a 200 day moving average of $179.33. The stock has a market capitalization of $223.91 billion, a price-to-earnings ratio of 34.83, a PEG ratio of 2.56 and a beta of 1.22.

General Electric (NYSE:GE - Get Free Report) last announced its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share (EPS) for the quarter, beating 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%. As a group, equities analysts expect that General Electric will post 5.39 earnings per share for the current fiscal year.

General Electric Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, March 10th will be paid a $0.36 dividend. This is a boost from General Electric's previous quarterly dividend of $0.28. This represents a $1.44 dividend on an annualized basis and a yield of 0.69%. General Electric's dividend payout ratio (DPR) is presently 18.70%.

Analysts Set New Price Targets

Several research firms have issued reports on GE. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $200.00 price target on shares of General Electric in a report on Wednesday, January 22nd. Melius Research upped their price target on shares of General Electric from $194.00 to $202.00 in a research note on Tuesday, October 22nd. 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. 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. Finally, Northcoast Research started coverage on shares of General Electric in a report on Tuesday, January 7th. They set a "neutral" rating for the company. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, General Electric presently has a consensus rating of "Moderate Buy" and a consensus target price 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.