Livforsakringsbolaget Skandia Omsesidigt Raises Stock Holdings in General Electric (NYSE:GE)

Livforsakringsbolaget Skandia Omsesidigt boosted its stake in shares of General Electric (NYSE:GE) by 9.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 26,632 shares of the conglomerate’s stock after purchasing an additional 2,200 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in General Electric were worth $4,448,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GE. Toth Financial Advisory Corp acquired a new stake in General Electric in the 3rd quarter worth about $25,000. Valley Wealth Managers Inc. purchased a new position in General Electric in the 3rd quarter worth approximately $25,000. O Brien Wealth Partners LLC purchased a new position in General Electric in the 3rd quarter worth approximately $27,000. Peterson Financial Group Inc. purchased a new position in General Electric in the 3rd quarter worth approximately $28,000. Finally, RPg Family Wealth Advisory LLC purchased a new position in General Electric in the 3rd quarter worth approximately $30,000. 74.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on GE. Wells Fargo & Company raised their target price on shares of General Electric from $225.00 to $250.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. Citigroup lifted their target price on shares of General Electric from $216.00 to $235.00 and gave the company a “buy” rating in a report on Monday, January 27th. Sanford C. Bernstein boosted their price target on shares of General Electric from $201.00 to $225.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of General Electric from $235.00 to $228.00 and set a “buy” rating for the company in a research note on Thursday, January 2nd. Finally, UBS Group boosted their price target on shares of General Electric from $215.00 to $235.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $208.73.

General Electric Price Performance

Shares of GE opened at $206.00 on Friday. General Electric has a fifty-two week low of $110.34 and a fifty-two week high of $207.65. The company has a market capitalization of $222.95 billion, a price-to-earnings ratio of 34.39, a price-to-earnings-growth ratio of 2.53 and a beta of 1.21. The firm has a 50-day simple moving average of $178.72 and a 200-day simple moving average of $177.35. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 1.09.

General Electric (NYSE:GE) last announced 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%. On average, equities research analysts anticipate that General Electric will post 5.39 earnings per share for the current year.

General Electric Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, January 27th. Shareholders of record on Friday, December 27th were issued a $0.28 dividend. The ex-dividend date was Friday, December 27th. This represents a $1.12 dividend on an annualized basis and a yield of 0.54%. General Electric’s dividend payout ratio (DPR) is presently 18.70%.

Insider Buying and Selling at General Electric

In other 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 transaction of $2,772,409.50. Following the completion of the transaction, the senior vice president now directly 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 document filed with the SEC, which is available at this hyperlink. 0.66% of the stock is currently owned by corporate insiders.

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.