Wilmington Savings Fund Society FSB Has $7.73 Million Holdings in General Electric (NYSE:GE)

Wilmington Savings Fund Society FSB boosted its holdings in General Electric (NYSE:GE - Free Report) by 188.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 41,004 shares of the conglomerate's stock after buying an additional 26,770 shares during the quarter. Wilmington Savings Fund Society FSB's holdings in General Electric were worth $7,733,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in GE. State Street Corp boosted its stake in General Electric by 2.1% in the 3rd quarter. State Street Corp now owns 43,322,827 shares of the conglomerate's stock worth $8,181,801,000 after purchasing an additional 898,296 shares during the period. Geode Capital Management LLC boosted its stake in General Electric by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 22,587,961 shares of the conglomerate's stock worth $4,244,676,000 after purchasing an additional 156,272 shares during the period. Newport Trust Company LLC acquired a new position in General Electric in the 2nd quarter worth approximately $2,613,332,000. Legal & General Group Plc boosted its stake in General Electric by 5.8% in the 2nd quarter. Legal & General Group Plc now owns 8,405,731 shares of the conglomerate's stock worth $1,336,257,000 after purchasing an additional 459,201 shares during the period. Finally, Jennison Associates LLC boosted its stake in General Electric by 91.8% in the 3rd quarter. Jennison Associates LLC now owns 7,771,759 shares of the conglomerate's stock worth $1,465,598,000 after purchasing an additional 3,719,894 shares during the period. Institutional investors and hedge funds own 74.77% of the company's stock.

Insider Buying and Selling at General Electric

In related news, SVP Riccardo Procacci sold 7,000 shares of the business's stock in a transaction that occurred on Wednesday, November 6th. The shares were 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 directly owns 13,289 shares of the company's stock, valued at $2,407,036.57. The trade was a 34.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Russell Stokes sold 15,550 shares of the company's stock in a transaction that occurred 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 completion of the sale, the senior vice president now directly owns 148,857 shares of the company's stock, valued at $26,539,714.53. The trade was a 9.46 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.66% of the company's stock.

General Electric Stock Performance

Shares of NYSE:GE traded up $1.07 on Friday, hitting $165.90. 2,501,216 shares of the company were exchanged, compared to its average volume of 6,120,218. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.85 and a current ratio of 1.13. The company's 50 day moving average price is $180.72 and its two-hundred day moving average price is $172.42. General Electric has a one year low of $95.92 and a one year high of $194.80. The firm has a market capitalization of $179.55 billion, a price-to-earnings ratio of 29.22, a PEG ratio of 1.66 and a beta of 1.17.

General Electric (NYSE:GE - Get Free Report) last issued its earnings results on Tuesday, October 22nd. The conglomerate reported $1.15 earnings per share 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 business had revenue of $9.84 billion for the quarter, compared to analyst estimates of $9.02 billion. During the same period in the previous year, the business earned $0.82 EPS. The firm's revenue was up 5.8% on a year-over-year basis. Research analysts expect that General Electric will post 4.24 earnings per share for the current year.

Analyst Upgrades and Downgrades

GE has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft lifted their target price on shares of General Electric from $212.00 to $235.00 and gave the company a "buy" rating in a research note on Thursday, October 3rd. Royal Bank of Canada decreased their target price on shares of General Electric from $210.00 to $200.00 and set an "outperform" rating for the company in a research note on Wednesday, October 23rd. Sanford C. Bernstein raised their price target on shares of General Electric from $201.00 to $225.00 and gave the company an "outperform" rating in a report on Monday, October 14th. Citigroup raised their price target on shares of General Electric from $198.00 to $216.00 and gave the company a "buy" rating in a report on Thursday, October 10th. Finally, UBS Group raised their price target 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. Two analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $201.93.

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.