Windmill Hill Asset Management Ltd Cuts Stock Holdings in General Electric (NYSE:GE)

Windmill Hill Asset Management Ltd decreased its holdings in shares of General Electric (NYSE:GE) by 19.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,421 shares of the conglomerate’s stock after selling 6,458 shares during the period. General Electric accounts for about 4.4% of Windmill Hill Asset Management Ltd’s holdings, making the stock its 2nd largest holding. Windmill Hill Asset Management Ltd’s holdings in General Electric were worth $4,407,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. SMART Wealth LLC increased its position in shares of General Electric by 78.5% during the fourth quarter. SMART Wealth LLC now owns 3,346 shares of the conglomerate’s stock valued at $558,000 after buying an additional 1,471 shares during the period. Fairvoy Private Wealth LLC purchased a new position in General Electric during the fourth quarter valued at $235,000. Ameliora Wealth Management Ltd. boosted its holdings in shares of General Electric by 400.6% during the 4th quarter. Ameliora Wealth Management Ltd. now owns 1,562 shares of the conglomerate’s stock valued at $261,000 after buying an additional 1,250 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt grew its position in shares of General Electric by 9.0% in the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 26,632 shares of the conglomerate’s stock worth $4,448,000 after buying an additional 2,200 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of General Electric by 5.7% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 132,918 shares of the conglomerate’s stock worth $22,169,000 after acquiring an additional 7,213 shares in the last quarter. Hedge funds and other institutional investors own 74.77% of the company’s stock.

General Electric Stock Performance

GE opened at $206.00 on Friday. The company’s 50 day moving average is $178.72 and its 200 day moving average is $177.35. 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 company has a market cap of $222.95 billion, a price-to-earnings ratio of 34.39, a PEG ratio of 2.53 and a beta of 1.21. General Electric has a 12-month low of $110.34 and a 12-month high of $207.65.

General Electric (NYSE:GE) last issued its quarterly earnings data 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 14.31% and a return on equity of 22.19%. On average, equities research analysts predict 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 dividend of $0.28 per share. The ex-dividend date was Friday, December 27th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.54%. General Electric’s dividend payout ratio (DPR) is presently 18.70%.

Insider Activity at General Electric

In other news, SVP Russell Stokes sold 15,550 shares of the company’s stock in a transaction dated 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 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.66% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Melius Research boosted their price objective on shares of General Electric from $194.00 to $202.00 in a research note on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft cut their price target on General Electric from $235.00 to $228.00 and set a “buy” rating on the stock in a research note on Thursday, January 2nd. Royal Bank of Canada reiterated an “outperform” rating and set a $200.00 price objective on shares of General Electric in a research note on Wednesday, January 22nd. UBS Group increased their target price on General Electric from $215.00 to $235.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. Finally, Sanford C. Bernstein lifted 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. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $208.73.

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.