General Electric (NYSE:GE) Stock Holdings Decreased by Yousif Capital Management LLC

Yousif Capital Management LLC lessened its position in General Electric (NYSE:GE - Free Report) by 5.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 157,949 shares of the conglomerate's stock after selling 8,774 shares during the quarter. Yousif Capital Management LLC's holdings in General Electric were worth $20,159,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. First National Bank Sioux Falls purchased a new position in General Electric during the 4th quarter valued at about $206,000. GAMMA Investing LLC purchased a new position in General Electric during the fourth quarter valued at approximately $1,583,000. Parkside Financial Bank & Trust increased its stake in General Electric by 3.2% in the 4th quarter. Parkside Financial Bank & Trust now owns 6,254 shares of the conglomerate's stock valued at $798,000 after buying an additional 196 shares during the period. RWA Wealth Partners LLC lifted its position in General Electric by 466.7% in the 4th quarter. RWA Wealth Partners LLC now owns 23,933 shares of the conglomerate's stock worth $3,055,000 after buying an additional 19,710 shares in the last quarter. Finally, Monument Capital Management purchased a new stake in General Electric in the 4th quarter worth approximately $323,000. Institutional investors and hedge funds own 74.77% of the company's stock.

Insider Activity

In other General Electric news, SVP Michael J. Holston sold 22,055 shares of the stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $144.87, for a total value of $3,195,107.85. Following the completion of the sale, the senior vice president now directly owns 56,284 shares of the company's stock, valued at approximately $8,153,863.08. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other General Electric news, SVP Michael J. Holston sold 13,601 shares of the firm's stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $135.55, for a total value of $1,843,615.55. Following the completion of the sale, the senior vice president now owns 48,339 shares in the company, valued at approximately $6,552,351.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Michael J. Holston sold 22,055 shares of the business's stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $144.87, for a total value of $3,195,107.85. Following the sale, the senior vice president now owns 56,284 shares in the company, valued at $8,153,863.08. The disclosure for this sale can be found here. 0.66% of the stock is owned by company insiders.

General Electric Stock Performance

GE traded up $12.43 during trading on Tuesday, hitting $162.62. The stock had a trading volume of 18,843,017 shares, compared to its average volume of 8,137,180. The firm has a market cap of $177.79 billion, a PE ratio of 19.43, a P/E/G ratio of 2.92 and a beta of 1.29. The company has a current ratio of 1.18, a quick ratio of 0.85 and a debt-to-equity ratio of 0.69. General Electric has a 12 month low of $76.87 and a 12 month high of $163.65. The company has a 50 day simple moving average of $159.94 and a 200-day simple moving average of $135.39.

General Electric (NYSE:GE - Get Free Report) last issued its quarterly earnings results on Tuesday, April 23rd. The conglomerate reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.17. General Electric had a return on equity of 10.88% and a net margin of 13.95%. The company had revenue of $16.10 billion for the quarter, compared to the consensus estimate of $15.25 billion. During the same period last year, the business posted $0.27 earnings per share. The firm's revenue was up 11.1% compared to the same quarter last year. Analysts expect that General Electric will post 3.76 EPS for the current year.

General Electric Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 25th. Stockholders of record on Monday, April 15th will be issued a dividend of $0.28 per share. The ex-dividend date is Friday, April 12th. This is a positive change from General Electric's previous quarterly dividend of $0.08. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.69%. General Electric's payout ratio is 13.38%.

Wall Street Analyst Weigh In

GE has been the topic of a number of research reports. JPMorgan Chase & Co. dropped their price target on shares of General Electric from $180.00 to $148.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 2nd. Royal Bank of Canada dropped their target price on General Electric from $180.00 to $160.00 and set an "outperform" rating on the stock in a research report on Thursday, April 4th. Bank of America reduced their price target on General Electric from $175.00 to $165.00 and set a "buy" rating for the company in a report on Monday, April 8th. Vertical Research initiated coverage on General Electric in a report on Thursday, April 4th. They issued a "buy" rating and a $160.00 price objective on the stock. Finally, TheStreet upgraded shares of General Electric from a "c+" rating to a "b+" rating in a research note on Tuesday, January 23rd. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, General Electric has a consensus rating of "Moderate Buy" and an average price target of $160.07.

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.

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