Intrinsic Value Partners LLC Sells 70 Shares of General Electric (NYSE:GE)

Intrinsic Value Partners LLC trimmed its holdings in General Electric (NYSE:GE) by 0.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,872 shares of the conglomerate’s stock after selling 70 shares during the period. General Electric comprises about 2.8% of Intrinsic Value Partners LLC’s holdings, making the stock its 11th largest position. Intrinsic Value Partners LLC’s holdings in General Electric were worth $2,814,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in GE. Creative Planning lifted its stake in shares of General Electric by 9.0% in the third quarter. Creative Planning now owns 196,581 shares of the conglomerate’s stock valued at $37,071,000 after buying an additional 16,258 shares in the last quarter. Vontobel Holding Ltd. raised its holdings in shares of General Electric by 5.5% in the third quarter. Vontobel Holding Ltd. now owns 15,664 shares of the conglomerate’s stock valued at $2,954,000 after purchasing an additional 815 shares during the last quarter. B.O.S.S. Retirement Advisors LLC purchased a new stake in shares of General Electric in the third quarter valued at about $224,000. Naviter Wealth LLC purchased a new stake in shares of General Electric in the third quarter valued at about $213,000. Finally, Global Retirement Partners LLC raised its holdings in shares of General Electric by 9.1% in the third quarter. Global Retirement Partners LLC now owns 20,574 shares of the conglomerate’s stock valued at $3,880,000 after purchasing an additional 1,715 shares during the last quarter. 74.77% of the stock is owned by institutional investors.

Insider Buying and Selling at General Electric

In other General Electric news, SVP Russell Stokes sold 15,550 shares of General Electric stock in a transaction that occurred on 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 sale, the senior vice president now directly owns 148,857 shares in the company, valued at $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 is available through this hyperlink. 0.66% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

GE has been the subject of several analyst reports. JPMorgan Chase & Co. increased their target price on shares of General Electric from $190.00 to $210.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Melius Research raised their price objective on shares of General Electric from $194.00 to $202.00 in a report on Tuesday, October 22nd. Royal Bank of Canada restated an “outperform” rating and set a $200.00 price objective on shares of General Electric in a report on Wednesday, January 22nd. Citigroup raised their price objective on shares of General Electric from $216.00 to $235.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of General Electric from $235.00 to $228.00 and set a “buy” rating for the company in a report on Thursday, January 2nd. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $208.73.

General Electric Price Performance

GE stock opened at $208.62 on Friday. The firm has a 50 day moving average of $182.00 and a 200-day moving average of $178.98. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88. General Electric has a 12 month low of $117.43 and a 12 month high of $211.42. The firm has a market capitalization of $223.91 billion, a P/E ratio of 34.83, a price-to-earnings-growth ratio of 2.56 and a beta of 1.22.

General Electric (NYSE:GE) last released its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 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%. As a group, sell-side analysts predict that General Electric will post 5.39 earnings per share for the current fiscal year.

General Electric Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, March 10th will be given a dividend of $0.36 per share. This is a positive change from General Electric’s previous quarterly dividend of $0.28. This represents a $1.44 annualized dividend and a yield of 0.69%. General Electric’s payout ratio is presently 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.