Pacer Advisors Inc. Sells 11,371 Shares of General Electric (NYSE:GE)

Pacer Advisors Inc. reduced its holdings in General Electric (NYSE:GE - Free Report) by 11.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 90,343 shares of the conglomerate's stock after selling 11,371 shares during the quarter. Pacer Advisors Inc.'s holdings in General Electric were worth $15,068,000 at the end of the most recent quarter.

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

Insider Buying and Selling

In other General Electric news, SVP Riccardo Procacci sold 7,000 shares of the company's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $181.13, for a total transaction of $1,267,910.00. Following the completion of the sale, the senior vice president now owns 13,289 shares of the company's stock, valued at $2,407,036.57. This represents a 34.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Russell Stokes sold 15,550 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were 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 in the company, valued at approximately $26,539,714.53. This trade represents a 9.46 % decrease in their position. The disclosure for this sale can be found here. 0.66% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on GE shares. Bank of America boosted their target price on shares of General Electric from $200.00 to $225.00 and gave the stock a "buy" rating in a report on Monday. JPMorgan Chase & Co. upped their price target on General Electric from $190.00 to $210.00 and gave the company an "overweight" rating in a report on Friday, January 24th. UBS Group raised their price objective on General Electric from $215.00 to $235.00 and gave the stock a "buy" rating in a research note on Friday, January 24th. Deutsche Bank Aktiengesellschaft reduced their target price on General Electric from $235.00 to $228.00 and set a "buy" rating for the company in a report on Thursday, January 2nd. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $200.00 price target on shares of General Electric in a research note on Wednesday, January 22nd. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, General Electric currently has a consensus rating of "Moderate Buy" and a consensus target price of $208.73.

General Electric Stock Up 2.3 %

NYSE GE traded up $4.45 on Wednesday, reaching $198.88. The stock had a trading volume of 5,594,262 shares, compared to its average volume of 6,448,778. General Electric has a 1 year low of $104.98 and a 1 year high of $207.65. The business has a 50 day moving average price of $176.00 and a 200 day moving average price of $175.63. The company has a current ratio of 1.13, a quick ratio of 0.85 and a debt-to-equity ratio of 0.95. The company has a market capitalization of $215.25 billion, a price-to-earnings ratio of 34.95, a P/E/G ratio of 1.53 and a beta of 1.19.

General Electric (NYSE:GE - Get Free Report) last released 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 return on equity of 18.93% and a net margin of 11.48%. On average, analysts forecast that General Electric will post 4.23 EPS for the current fiscal year.

General Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 27th. Investors of record on Friday, December 27th were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 0.56%. The ex-dividend date of this dividend was Friday, December 27th. General Electric's payout ratio is presently 19.68%.

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.