Pelham Capital Ltd. Sells 4,154 Shares of General Electric (NYSE:GE)

Pelham Capital Ltd. trimmed its position in General Electric (NYSE:GE) by 3.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 124,832 shares of the conglomerate’s stock after selling 4,154 shares during the quarter. General Electric comprises approximately 12.2% of Pelham Capital Ltd.’s holdings, making the stock its 2nd largest position. Pelham Capital Ltd.’s holdings in General Electric were worth $20,821,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. UMB Bank n.a. grew its position in shares of General Electric by 16.2% in the third quarter. UMB Bank n.a. now owns 7,600 shares of the conglomerate’s stock valued at $1,433,000 after purchasing an additional 1,061 shares during the last quarter. Watts Gwilliam & Co. LLC bought a new stake in General Electric during the 3rd quarter valued at approximately $205,000. LongView Wealth Management acquired a new stake in General Electric in the 3rd quarter valued at approximately $225,000. Livforsakringsbolaget Skandia Omsesidigt increased its position in General Electric by 93.8% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 24,432 shares of the conglomerate’s stock worth $4,611,000 after buying an additional 11,827 shares during the period. Finally, Valeo Financial Advisors LLC lifted its holdings in shares of General Electric by 11.5% during the third quarter. Valeo Financial Advisors LLC now owns 17,759 shares of the conglomerate’s stock worth $3,349,000 after buying an additional 1,833 shares during the last quarter. 74.77% of the stock is owned by institutional investors.

General Electric Price Performance

GE opened at $205.32 on Friday. The company has a fifty day moving average price of $179.68 and a two-hundred day moving average price of $177.85. The firm has a market capitalization of $220.37 billion, a PE ratio of 34.28, a P/E/G ratio of 2.56 and a beta of 1.22. General Electric has a 52 week low of $110.57 and a 52 week high of $207.84. 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, topping analysts’ consensus estimates of $1.05 by $0.27. General Electric had a return on equity of 22.19% and a net margin of 14.31%. As a group, analysts anticipate that General Electric will post 5.39 earnings per share for the current year.

General Electric Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, January 27th. Investors of record on Friday, December 27th were given a $0.28 dividend. The ex-dividend date was Friday, December 27th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.55%. General Electric’s dividend payout ratio is 18.70%.

Analyst Upgrades and Downgrades

GE has been the subject of several research analyst reports. Sanford C. Bernstein upped their target price on shares of General Electric from $201.00 to $225.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. UBS Group upped their price target on General Electric from $215.00 to $235.00 and gave the company a “buy” rating in a report on Friday, January 24th. JPMorgan Chase & Co. boosted their price objective on General Electric from $190.00 to $210.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. Bank of America lifted their price target on shares of General Electric from $200.00 to $225.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Finally, 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 research report on Monday, January 27th. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $208.73.

Insider Transactions at General Electric

In related news, SVP Russell Stokes sold 15,550 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was 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 of the company’s stock, valued at approximately $26,539,714.53. This represents a 9.46 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.66% of the company’s stock.

General Electric 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.