General Electric (NYSE:GE) Shares Sold by Sandbox Financial Partners LLC

Sandbox Financial Partners LLC trimmed its position in shares of General Electric (NYSE:GE - Free Report) by 24.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,412 shares of the conglomerate's stock after selling 1,439 shares during the period. Sandbox Financial Partners LLC's holdings in General Electric were worth $736,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Herbst Group LLC boosted its position in shares of General Electric by 125.2% during the 4th quarter. Herbst Group LLC now owns 28,981 shares of the conglomerate's stock worth $4,834,000 after acquiring an additional 16,111 shares in the last quarter. Krilogy Financial LLC boosted its holdings in General Electric by 21.9% in the fourth quarter. Krilogy Financial LLC now owns 24,082 shares of the conglomerate's stock valued at $4,017,000 after purchasing an additional 4,329 shares in the last quarter. Hanseatic Management Services Inc. increased its stake in General Electric by 1.1% in the fourth quarter. Hanseatic Management Services Inc. now owns 6,540 shares of the conglomerate's stock valued at $1,091,000 after purchasing an additional 69 shares during the last quarter. Ameritas Advisory Services LLC raised its holdings in General Electric by 9.4% during the fourth quarter. Ameritas Advisory Services LLC now owns 11,745 shares of the conglomerate's stock worth $1,959,000 after purchasing an additional 1,007 shares in the last quarter. Finally, HB Wealth Management LLC boosted its holdings in shares of General Electric by 6.4% in the 4th quarter. HB Wealth Management LLC now owns 21,652 shares of the conglomerate's stock valued at $3,612,000 after buying an additional 1,298 shares in the last quarter. Institutional investors and hedge funds own 74.77% of the company's stock.

Insider Activity

In other news, SVP Russell Stokes sold 15,550 shares of the company's stock in a transaction 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 sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Riccardo Procacci sold 7,000 shares of General Electric stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $181.13, for a total value of $1,267,910.00. Following the sale, the senior vice president now 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 disclosure for this sale can be found here. Company insiders own 0.66% of the company's stock.

Analysts Set New Price Targets

GE has been the subject of a number of research reports. Citigroup boosted their price target 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. Royal Bank of Canada cut their price target on General Electric from $210.00 to $200.00 and set an "outperform" rating on the stock in a research report on Wednesday, October 23rd. Bank of America increased their price objective on General Electric from $180.00 to $200.00 and gave the company a "buy" rating in a report on Wednesday, October 23rd. UBS Group lifted their target price on shares of General Electric from $223.00 to $230.00 and gave the company a "buy" rating in a report on Wednesday, October 23rd. Finally, Wells Fargo & Company increased their price target on shares of General Electric from $210.00 to $225.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 11th. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to data from MarketBeat, General Electric currently has an average rating of "Moderate Buy" and a consensus price target of $201.47.

General Electric Price Performance

NYSE:GE traded up $3.09 during trading hours on Friday, hitting $182.83. The company's stock had a trading volume of 5,887,078 shares, compared to its average volume of 4,238,171. The company has a market capitalization of $197.87 billion, a PE ratio of 32.13, a PEG ratio of 1.40 and a beta of 1.19. General Electric has a 52-week low of $101.16 and a 52-week high of $194.80. The business's 50-day moving average is $174.33 and its two-hundred day moving average is $174.08. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.85 and a current ratio of 1.13.

General Electric (NYSE:GE - Get Free Report) last announced its quarterly earnings data on Tuesday, October 22nd. The conglomerate reported $1.15 EPS for the quarter, beating the consensus estimate of $1.13 by $0.02. General Electric had a net margin of 11.48% and a return on equity of 18.93%. The firm had revenue of $9.84 billion during the quarter, compared to analysts' expectations of $9.02 billion. During the same quarter last year, the business earned $0.82 earnings per share. The business's revenue for the quarter was up 5.8% compared to the same quarter last year. As a group, research analysts anticipate that General Electric will post 4.23 EPS for the current fiscal year.

General Electric Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 27th will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 0.61%. The ex-dividend date of this dividend is Friday, December 27th. General Electric's dividend payout ratio (DPR) is 19.68%.

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.