Marietta Investment Partners LLC Decreases Stock Holdings in General Electric (NYSE:GE)

Marietta Investment Partners LLC cut its holdings in General Electric (NYSE:GE - Free Report) by 56.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,742 shares of the conglomerate's stock after selling 6,169 shares during the period. Marietta Investment Partners LLC's holdings in General Electric were worth $791,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of GE. RPg Family Wealth Advisory LLC acquired a new position in General Electric in the 3rd quarter worth about $30,000. Hager Investment Management Services LLC acquired a new position in shares of General Electric in the fourth quarter valued at approximately $27,000. Sugar Maple Asset Management LLC acquired a new position in shares of General Electric in the fourth quarter valued at approximately $29,000. CBIZ Investment Advisory Services LLC bought a new position in General Electric in the 4th quarter valued at approximately $29,000. Finally, Picton Mahoney Asset Management boosted its position in General Electric by 62.4% during the 4th quarter. Picton Mahoney Asset Management now owns 177 shares of the conglomerate's stock worth $30,000 after buying an additional 68 shares during the period. 74.77% of the stock is owned by institutional investors.

General Electric Stock Up 0.8 %

General Electric stock traded up $1.59 during mid-day trading on Tuesday, reaching $211.82. 1,867,016 shares of the company were exchanged, compared to its average volume of 5,350,355. The business has a fifty day moving average of $199.41 and a 200 day moving average of $185.47. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 1.09. General Electric has a 12-month low of $133.99 and a 12-month high of $212.19. The firm has a market cap of $227.34 billion, a P/E ratio of 35.35, a PEG ratio of 2.59 and a beta of 1.19.

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General Electric (NYSE:GE - Get Free Report) last issued its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 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%. Research analysts anticipate that General Electric will post 5.4 earnings per share for the current fiscal year.

General Electric Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, March 10th will be paid a $0.36 dividend. The ex-dividend date is Monday, March 10th. 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 dividend yield of 0.68%. General Electric's payout ratio is presently 24.04%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on GE shares. UBS Group upped their price target on General Electric from $215.00 to $235.00 and gave the company a "buy" rating in a research report on Friday, January 24th. Royal Bank of Canada reissued an "outperform" rating and set a $200.00 target price on shares of General Electric in a research report on Wednesday, January 22nd. Northcoast Research assumed coverage on shares of General Electric in a research report on Tuesday, January 7th. They issued a "neutral" rating on the stock. 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 research report on Thursday, January 2nd. Finally, Wells Fargo & Company boosted their target price on shares of General Electric from $225.00 to $250.00 and gave the company an "overweight" rating in a report on Friday, January 24th. Two investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. According to MarketBeat.com, General Electric has a consensus rating of "Moderate Buy" and a consensus price target of $211.31.

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.