True North Advisors LLC Has $4.10 Million Stock Position in General Electric (NYSE:GE)

True North Advisors LLC decreased its holdings in shares of General Electric (NYSE:GE - Free Report) by 5.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,549 shares of the conglomerate's stock after selling 1,423 shares during the quarter. General Electric comprises approximately 1.0% of True North Advisors LLC's investment portfolio, making the stock its 16th biggest holding. True North Advisors LLC's holdings in General Electric were worth $4,095,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Toth Financial Advisory Corp bought a new stake in shares of General Electric in the 3rd quarter valued at about $25,000. Valley Wealth Managers Inc. acquired a new position in General Electric during the third quarter valued at approximately $25,000. O Brien Wealth Partners LLC bought a new stake in General Electric in the third quarter valued at approximately $27,000. Peterson Financial Group Inc. bought a new stake in General Electric in the third quarter valued at approximately $28,000. Finally, Sugar Maple Asset Management LLC acquired a new stake in General Electric in the fourth quarter worth $29,000. 74.77% of the stock is owned by institutional investors.

Insider Buying and Selling at General Electric

In other news, SVP Riccardo Procacci sold 7,000 shares of the 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 transaction, the senior vice president now owns 13,289 shares in the company, valued at approximately $2,407,036.57. This trade 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 accessible through this link. Also, SVP Russell Stokes sold 15,550 shares of General Electric 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 sale, the senior vice president now directly 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 disclosure for this sale can be found here. Corporate insiders own 0.66% of the company's stock.

General Electric Stock Up 6.5 %

Shares of NYSE:GE traded up $12.30 during trading on Thursday, hitting $200.66. 14,394,800 shares of the company were exchanged, compared to its average volume of 6,436,080. The stock has a market cap of $217.17 billion, a price-to-earnings ratio of 35.26, a P/E/G ratio of 1.53 and a beta of 1.19. The company has a current ratio of 1.13, a quick ratio of 0.85 and a debt-to-equity ratio of 0.95. General Electric has a fifty-two week low of $101.16 and a fifty-two week high of $207.65. The firm has a fifty day moving average price of $174.49 and a two-hundred day moving average price of $174.59.

General Electric (NYSE:GE - Get Free Report) last posted its quarterly earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.27. General Electric had a net margin of 11.48% and a return on equity of 18.93%. As a group, research analysts anticipate that General Electric will post 4.23 earnings per share for the current fiscal year.

General Electric Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 27th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date is Friday, December 27th. General Electric's dividend payout ratio (DPR) is presently 19.68%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Northcoast Research assumed coverage on shares of General Electric in a research report on Tuesday, January 7th. They issued a "neutral" rating for the company. Wells Fargo & Company increased their price target on General Electric from $210.00 to $225.00 and gave the stock an "overweight" rating in a report on Wednesday, December 11th. Citigroup lifted their price objective on General Electric from $198.00 to $216.00 and gave the company a "buy" rating in a report on Thursday, October 10th. Sanford C. Bernstein increased their target price on General Electric from $201.00 to $225.00 and gave the stock an "outperform" rating in a research note on Monday, October 14th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of General Electric from $235.00 to $228.00 and set a "buy" rating on the stock in a report on Thursday, January 2nd. 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, General Electric currently has a consensus rating of "Moderate Buy" and a consensus target price of $201.47.

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.