Moloney Securities Asset Management LLC Decreases Position in General Electric (NYSE:GE)

Moloney Securities Asset Management LLC reduced its stake in General Electric (NYSE:GE) by 5.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,983 shares of the conglomerate’s stock after selling 120 shares during the period. Moloney Securities Asset Management LLC’s holdings in General Electric were worth $331,000 as of its most recent SEC filing.

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

Insider Buying and Selling

In related news, SVP Russell Stokes sold 15,550 shares of General Electric stock in a transaction on Monday, November 18th. The stock was sold at an average price of $178.29, for a total transaction of $2,772,409.50. Following the completion of the transaction, 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 sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.66% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

GE has been the subject of a number of research analyst reports. JPMorgan Chase & Co. upped their target price on General Electric from $190.00 to $210.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. Northcoast Research started coverage on shares of General Electric in a research report on Tuesday, January 7th. They set a “neutral” rating on the stock. UBS Group upped their price target on shares of General Electric from $215.00 to $235.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Melius Research increased their price target on shares of General Electric from $194.00 to $202.00 in a research note on Tuesday, October 22nd. Finally, Wells Fargo & Company lifted their price objective on shares of General Electric from $225.00 to $250.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $208.73.

General Electric Stock Performance

Shares of GE stock opened at $205.33 on Tuesday. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88. The stock has a 50 day simple moving average of $179.68 and a 200-day simple moving average of $178.00. The company has a market cap of $220.38 billion, a price-to-earnings ratio of 34.28, a price-to-earnings-growth ratio of 2.56 and a beta of 1.22. General Electric has a 12-month low of $110.95 and a 12-month high of $207.84.

General Electric (NYSE:GE) last released its quarterly earnings data 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 return on equity of 22.19% and a net margin of 14.31%. On average, equities analysts forecast that General Electric will post 5.39 EPS for the current year.

General Electric Dividend Announcement

The business 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 0.55%. The ex-dividend date was Friday, December 27th. General Electric’s dividend payout ratio (DPR) is 18.70%.

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.