Bryn Mawr Capital Management LLC Sells 311 Shares of General Electric (NYSE:GE)

Bryn Mawr Capital Management LLC trimmed its position in General Electric (NYSE:GE) by 3.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 8,276 shares of the conglomerate’s stock after selling 311 shares during the period. Bryn Mawr Capital Management LLC’s holdings in General Electric were worth $1,056,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of GE. Halpern Financial Inc. increased its holdings in General Electric by 968.4% in the fourth quarter. Halpern Financial Inc. now owns 203 shares of the conglomerate’s stock valued at $25,000 after purchasing an additional 184 shares during the period. Criterion Capital Advisors LLC acquired a new stake in General Electric in the fourth quarter valued at $27,000. CGC Financial Services LLC increased its holdings in General Electric by 90.2% in the fourth quarter. CGC Financial Services LLC now owns 232 shares of the conglomerate’s stock valued at $30,000 after purchasing an additional 110 shares during the period. Capital Analysts LLC increased its holdings in General Electric by 55.8% in the fourth quarter. Capital Analysts LLC now owns 243 shares of the conglomerate’s stock valued at $31,000 after purchasing an additional 87 shares during the period. Finally, Bfsg LLC acquired a new stake in General Electric in the fourth quarter valued at $32,000. 74.77% of the stock is currently owned by institutional investors.

General Electric Price Performance

Shares of NYSE GE opened at $162.31 on Friday. General Electric has a fifty-two week low of $77.28 and a fifty-two week high of $163.65. The stock has a market cap of $177.67 billion, a price-to-earnings ratio of 53.22, a PEG ratio of 3.03 and a beta of 1.29. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.85 and a current ratio of 1.17. The firm’s 50-day simple moving average is $160.72 and its 200 day simple moving average is $136.09.

General Electric (NYSE:GE) last released its quarterly earnings data on Tuesday, April 23rd. The conglomerate reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.17. The business had revenue of $16.10 billion during the quarter, compared to analyst estimates of $15.25 billion. General Electric had a net margin of 5.05% and a return on equity of 12.54%. General Electric’s revenue was up 11.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.27 EPS. As a group, research analysts anticipate that General Electric will post 3.95 earnings per share for the current fiscal year.

General Electric Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 25th. Shareholders of record on Monday, April 15th were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date was Friday, April 12th. This is a boost from General Electric’s previous quarterly dividend of $0.08. General Electric’s dividend payout ratio is 36.72%.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Barclays decreased their price target on General Electric from $181.00 to $175.00 and set an “overweight” rating for the company in a report on Wednesday, April 3rd. Oppenheimer reiterated a “market perform” rating on shares of General Electric in a report on Tuesday, March 5th. Vertical Research assumed coverage on General Electric in a report on Thursday, April 4th. They set a “buy” rating and a $160.00 price target for the company. Argus increased their price target on General Electric from $170.00 to $180.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Jefferies Financial Group decreased their price target on General Electric from $195.00 to $180.00 and set a “buy” rating for the company in a report on Wednesday, April 10th. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $170.00.

Insiders Place Their Bets

In other news, SVP Michael J. Holston sold 13,601 shares of General Electric stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $135.55, for a total value of $1,843,615.55. Following the completion of the sale, the senior vice president now directly owns 48,339 shares in the company, valued at $6,552,351.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, SVP Michael J. Holston sold 22,055 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $144.87, for a total transaction of $3,195,107.85. Following the completion of the sale, the senior vice president now directly owns 56,284 shares in the company, valued at $8,153,863.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Michael J. Holston sold 13,601 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $135.55, for a total transaction of $1,843,615.55. Following the sale, the senior vice president now owns 48,339 shares of the company’s stock, valued at $6,552,351.45. The disclosure for this sale can be found here. Corporate insiders own 0.66% of the company’s stock.

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.