Dorsey Wright & Associates Sells 163 Shares of General Electric (NYSE:GE)

Dorsey Wright & Associates trimmed its holdings in shares of General Electric (NYSE:GE) by 1.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,947 shares of the conglomerate’s stock after selling 163 shares during the period. Dorsey Wright & Associates’ holdings in General Electric were worth $1,993,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Circle Wealth Management LLC acquired a new position in shares of General Electric during the 3rd quarter worth about $226,000. Kolinsky Wealth Management LLC acquired a new position in General Electric during the third quarter valued at approximately $309,000. L.M. Kohn & Company bought a new stake in General Electric in the third quarter valued at approximately $255,000. Acropolis Investment Management LLC acquired a new stake in General Electric in the third quarter worth $274,000. Finally, NCM Capital Management LLC bought a new position in shares of General Electric during the third quarter worth $201,000. 74.77% of the stock is currently owned by institutional investors and hedge funds.

General Electric Stock Down 3.0 %

GE stock opened at $199.66 on Friday. The company has a market cap of $214.29 billion, a price-to-earnings ratio of 33.33, a P/E/G ratio of 2.59 and a beta of 1.19. General Electric has a twelve month low of $133.99 and a twelve month high of $214.21. The business has a 50 day moving average price of $201.52 and a two-hundred day moving average price of $186.50. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.88.

General Electric (NYSE:GE) last released its earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.27. General Electric had a net margin of 14.31% and a return on equity of 22.19%. Analysts anticipate that General Electric will post 5.4 EPS for the current fiscal year.

General Electric Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 10th will be paid a $0.36 dividend. This is an increase from General Electric’s previous quarterly dividend of $0.28. This represents a $1.44 annualized dividend and a yield of 0.72%. The ex-dividend date is Monday, March 10th. General Electric’s dividend payout ratio (DPR) is 24.04%.

Wall Street Analyst Weigh In

Several analysts recently commented on GE shares. Northcoast Research assumed coverage on General Electric in a research note on Tuesday, January 7th. They set a “neutral” rating on the stock. Wells Fargo & Company lifted their price objective on General Electric from $225.00 to $250.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 price objective on shares of General Electric in a research report on Wednesday, January 22nd. UBS Group raised their target price on shares of General Electric from $215.00 to $235.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Finally, JPMorgan Chase & Co. increased their price objective on shares of General Electric from $190.00 to $210.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. Two analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, General Electric has a consensus rating of “Moderate Buy” and an average target price of $211.31.

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.