General Electric (NYSE:GE) Shares Sold by Callan Capital LLC

Callan Capital LLC trimmed its stake in General Electric (NYSE:GE) by 3.2% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 2,515 shares of the conglomerate’s stock after selling 83 shares during the quarter. Callan Capital LLC’s holdings in General Electric were worth $419,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Valley Wealth Managers Inc. bought a new stake in shares of General Electric during the third quarter valued at about $25,000. O Brien Wealth Partners LLC purchased a new position in General Electric in the 3rd quarter worth about $27,000. Peterson Financial Group Inc. purchased a new position in General Electric in the 3rd quarter worth about $28,000. RPg Family Wealth Advisory LLC purchased a new position in General Electric in the 3rd quarter worth about $30,000. Finally, Hager Investment Management Services LLC purchased a new position in General Electric in the 4th quarter worth about $27,000. 74.77% of the stock is currently owned by institutional investors.

General Electric Price Performance

General Electric stock opened at $199.90 on Friday. The firm has a market capitalization of $214.55 billion, a P/E ratio of 33.37, a PEG ratio of 2.59 and a beta of 1.22. General Electric has a one year low of $119.88 and a one year high of $212.19. The business has a fifty day moving average price of $186.57 and a 200-day moving average price of $180.85. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81.

General Electric (NYSE:GE) last issued its quarterly earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate 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, equities research analysts forecast that General Electric will post 5.4 EPS for the current year.

General Electric Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 10th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 0.72%. This is an increase from General Electric’s previous quarterly dividend of $0.28. General Electric’s payout ratio is currently 18.70%.

Analysts Set New Price Targets

Several research firms have weighed in on GE. JPMorgan Chase & Co. lifted their target price on General Electric from $190.00 to $210.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. UBS Group boosted their target price on General Electric from $215.00 to $235.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Bank of America upped their price target on General Electric from $200.00 to $225.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Northcoast Research started coverage on General Electric in a report on Tuesday, January 7th. They set a “neutral” rating for the company. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on General Electric from $235.00 to $228.00 and set a “buy” rating on the stock in a research report on Thursday, January 2nd. Three analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $211.31.

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.