FSC Wealth Advisors LLC reduced its stake in shares of General Electric (NYSE:GE – Free Report) by 29.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 330 shares of the conglomerate’s stock after selling 137 shares during the period. FSC Wealth Advisors LLC’s holdings in General Electric were worth $55,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of GE. Tsfg LLC raised its position in shares of General Electric by 12.8% during the 3rd quarter. Tsfg LLC now owns 485 shares of the conglomerate’s stock worth $92,000 after purchasing an additional 55 shares during the period. Red Door Wealth Management LLC grew its stake in General Electric by 4.0% during the 4th quarter. Red Door Wealth Management LLC now owns 1,444 shares of the conglomerate’s stock worth $241,000 after buying an additional 56 shares during the last quarter. Saxon Interests Inc. increased its position in General Electric by 4.2% in the fourth quarter. Saxon Interests Inc. now owns 1,425 shares of the conglomerate’s stock worth $238,000 after buying an additional 57 shares during the period. Strategic Advisors LLC lifted its stake in General Electric by 2.6% in the third quarter. Strategic Advisors LLC now owns 2,267 shares of the conglomerate’s stock valued at $428,000 after buying an additional 58 shares during the last quarter. Finally, Mitchell Mcleod Pugh & Williams Inc. boosted its holdings in shares of General Electric by 1.0% during the third quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 6,299 shares of the conglomerate’s stock valued at $1,188,000 after acquiring an additional 60 shares during the period. 74.77% of the stock is owned by institutional investors and hedge funds.
Insider Activity at General Electric
In other news, SVP Russell Stokes sold 15,550 shares of the firm’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 completion of the sale, the senior vice president now owns 148,857 shares of the company’s stock, valued at $26,539,714.53. This trade represents a 9.46 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Riccardo Procacci sold 7,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $181.13, for a total value of $1,267,910.00. Following the transaction, the senior vice president now directly owns 13,289 shares in the company, valued at $2,407,036.57. The trade was a 34.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.66% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
Check Out Our Latest Analysis on GE
General Electric Stock Performance
NYSE:GE opened at $194.30 on Tuesday. 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 50-day moving average of $175.33 and a 200-day moving average of $175.15. General Electric has a twelve month low of $103.75 and a twelve month high of $207.65. The firm has a market cap of $210.29 billion, a price-to-earnings ratio of 34.15, a price-to-earnings-growth ratio of 1.53 and a beta of 1.19.
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%. Analysts forecast that General Electric will post 4.23 earnings per share for the current fiscal year.
General Electric Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, January 27th. Stockholders of record on Friday, December 27th were issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 0.58%. The ex-dividend date was Friday, December 27th. General Electric’s dividend payout ratio is 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.
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