Buttonwood Financial Advisors Inc. Has $856,000 Stock Position in General Electric (NYSE:GE)

Buttonwood Financial Advisors Inc. decreased its stake in shares of General Electric (NYSE:GE) by 2.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 5,135 shares of the conglomerate’s stock after selling 117 shares during the quarter. Buttonwood Financial Advisors Inc.’s holdings in General Electric were worth $856,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Toth Financial Advisory Corp acquired a new stake in General Electric in the third quarter worth about $25,000. Valley Wealth Managers Inc. acquired a new stake in shares of General Electric during the third quarter worth about $25,000. O Brien Wealth Partners LLC bought a new position in General Electric in the third quarter valued at approximately $27,000. Peterson Financial Group Inc. bought a new stake in General Electric in the 3rd quarter valued at $28,000. Finally, Sugar Maple Asset Management LLC acquired a new position in shares of General Electric during the fourth quarter worth about $29,000. Institutional investors and hedge funds own 74.77% of the company’s stock.

General Electric Price Performance

NYSE GE opened at $196.81 on Monday. 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 business’s fifty day moving average is $175.33 and its 200 day moving average is $175.15. The company has a market capitalization of $213.00 billion, a PE ratio of 34.59, a price-to-earnings-growth ratio of 1.53 and a beta of 1.19. General Electric has a fifty-two week low of $103.75 and a fifty-two week high of $207.65.

General Electric (NYSE:GE) last issued its earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.27. General Electric had a net margin of 11.48% and a return on equity of 18.93%. Sell-side analysts predict that General Electric will post 4.23 earnings per share for the current year.

General Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 27th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 0.57%. The ex-dividend date of this dividend is Friday, December 27th. General Electric’s payout ratio is 19.68%.

Insiders Place Their Bets

In other General Electric news, SVP Russell Stokes sold 15,550 shares of the firm’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 value 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 trade represents a 9.46 % decrease in their position. 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 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 in the company, valued at approximately $2,407,036.57. This represents 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 owned by insiders.

Wall Street Analyst Weigh In

GE has been the topic of several analyst reports. Bank of America upped their target price on General Electric from $180.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Wells Fargo & Company upped their target price on General Electric from $225.00 to $250.00 and gave the company an “overweight” rating in a research report on Friday. Melius Research boosted their price objective on shares of General Electric from $194.00 to $202.00 in a report on Tuesday, October 22nd. Sanford C. Bernstein raised their price target on General Electric from $201.00 to $225.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Finally, JPMorgan Chase & Co. upped their target price on General Electric from $190.00 to $210.00 and gave the stock an “overweight” rating in a research note on Friday. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, General Electric has an average rating of “Moderate Buy” and an average target price of $205.80.

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.