General Electric (NYSE:GE) Shares Sold by RMR Wealth Builders

RMR Wealth Builders reduced its stake in General Electric (NYSE:GE) by 16.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,244 shares of the conglomerate’s stock after selling 249 shares during the quarter. RMR Wealth Builders’ holdings in General Electric were worth $207,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Toth Financial Advisory Corp acquired a new position in shares of General Electric in the 3rd quarter worth approximately $25,000. Valley Wealth Managers Inc. purchased a new stake in General Electric during the 3rd quarter worth approximately $25,000. O Brien Wealth Partners LLC purchased a new stake in General Electric during the 3rd quarter worth approximately $27,000. Peterson Financial Group Inc. purchased a new stake in General Electric during the 3rd quarter worth approximately $28,000. Finally, RPg Family Wealth Advisory LLC purchased a new stake in General Electric during the 3rd quarter worth approximately $30,000. 74.77% of the stock is currently owned by institutional investors and hedge funds.

General Electric Stock Down 0.7 %

Shares of NYSE:GE opened at $171.65 on Friday. The stock has a market cap of $185.78 billion, a P/E ratio of 30.17, a P/E/G ratio of 1.63 and a beta of 1.19. The firm has a fifty day moving average price of $174.34 and a 200 day moving average price of $173.36. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.13 and a quick ratio of 0.85. General Electric has a 1-year low of $100.95 and a 1-year high of $194.80.

General Electric (NYSE:GE) last released its earnings results on Tuesday, October 22nd. The conglomerate reported $1.15 EPS for the quarter, topping 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 company 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 EPS. The business’s revenue was up 5.8% on a year-over-year basis. Sell-side analysts predict that General Electric will post 4.24 EPS for the current year.

General Electric Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Friday, December 27th will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 0.65%. The ex-dividend date of this dividend is Friday, December 27th. General Electric’s dividend payout ratio (DPR) is presently 19.68%.

Analyst Ratings Changes

Several brokerages recently weighed in on GE. Wells Fargo & Company upped their target price 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. Royal Bank of Canada dropped their price objective on shares of General Electric from $210.00 to $200.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of General Electric from $235.00 to $228.00 and set a “buy” rating on the stock in a research report on Thursday, January 2nd. UBS Group increased their price objective on shares of General Electric from $223.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Finally, Citigroup increased their price objective 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. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, General Electric presently has a consensus rating of “Moderate Buy” and a consensus target price of $201.47.

Insider Transactions at General Electric

In other news, SVP Riccardo Procacci sold 7,000 shares of the stock in a transaction dated 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 completion of the transaction, the senior vice president now owns 13,289 shares in the company, valued at $2,407,036.57. This trade represents a 34.50 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Russell Stokes sold 15,550 shares of the stock in a transaction dated 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 transaction, the senior vice president now owns 148,857 shares of the company’s stock, valued at $26,539,714.53. This represents 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 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.