AIFG Consultants Ltd. Sells 262 Shares of General Electric (NYSE:GE)

AIFG Consultants Ltd. lowered its position in General Electric (NYSE:GE) by 11.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,113 shares of the conglomerate’s stock after selling 262 shares during the quarter. AIFG Consultants Ltd.’s holdings in General Electric were worth $270,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Halpern Financial Inc. boosted its position in General Electric by 968.4% during the 4th quarter. Halpern Financial Inc. now owns 203 shares of the conglomerate’s stock valued at $25,000 after acquiring an additional 184 shares in the last quarter. CGC Financial Services LLC boosted its position in General Electric by 90.2% during the 4th quarter. CGC Financial Services LLC now owns 232 shares of the conglomerate’s stock valued at $30,000 after acquiring an additional 110 shares in the last quarter. Capital Analysts LLC boosted its position in General Electric by 55.8% during the 4th quarter. Capital Analysts LLC now owns 243 shares of the conglomerate’s stock valued at $31,000 after acquiring an additional 87 shares in the last quarter. Global Wealth Management Investment Advisory Inc. lifted its holdings in shares of General Electric by 808.1% during the 1st quarter. Global Wealth Management Investment Advisory Inc. now owns 336 shares of the conglomerate’s stock valued at $31,000 after purchasing an additional 299 shares during the last quarter. Finally, Financial Freedom LLC purchased a new stake in shares of General Electric during the 4th quarter valued at $32,000. Institutional investors own 74.77% of the company’s stock.

General Electric Stock Performance

GE stock traded down $2.72 during midday trading on Thursday, reaching $152.95. The stock had a trading volume of 6,185,017 shares, compared to its average volume of 7,983,614. The firm has a fifty day simple moving average of $158.87 and a two-hundred day simple moving average of $133.96. The stock has a market cap of $167.22 billion, a PE ratio of 18.42, a P/E/G ratio of 3.07 and a beta of 1.29. General Electric has a 52-week low of $76.87 and a 52-week high of $158.68. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.85 and a current ratio of 1.18.

General Electric (NYSE:GE) last released its quarterly earnings data on Tuesday, January 23rd. The conglomerate reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.13. The business had revenue of $19.42 billion during the quarter, compared to analyst estimates of $17.27 billion. General Electric had a return on equity of 10.88% and a net margin of 13.95%. The company’s revenue was up 15.4% on a year-over-year basis. During the same quarter last year, the business posted $1.24 EPS. As a group, equities research analysts anticipate that General Electric will post 3.78 EPS for the current year.

General Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 25th. Shareholders of record on Monday, April 15th will be paid a dividend of $0.28 per share. The ex-dividend date is Friday, April 12th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.73%. This is a positive change from General Electric’s previous quarterly dividend of $0.08. General Electric’s dividend payout ratio (DPR) is presently 13.38%.

Insider Buying and Selling at General Electric

In other news, SVP Michael J. Holston sold 22,055 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $144.87, for a total transaction of $3,195,107.85. Following the sale, the senior vice president now directly owns 56,284 shares in the company, valued at approximately $8,153,863.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, SVP Michael J. Holston sold 13,601 shares of the firm’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $135.55, for a total transaction of $1,843,615.55. Following the sale, the senior vice president now directly owns 48,339 shares in the company, valued at approximately $6,552,351.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Michael J. Holston sold 22,055 shares of the firm’s stock in a transaction dated 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. Company insiders own 0.66% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on GE shares. Deutsche Bank Aktiengesellschaft decreased their price objective on General Electric from $210.00 to $190.00 and set a “buy” rating for the company in a report on Wednesday, April 3rd. Royal Bank of Canada decreased their price objective on General Electric from $180.00 to $160.00 and set an “outperform” rating for the company in a report on Thursday, April 4th. TD Cowen upgraded General Electric from a “hold” rating to a “buy” rating and increased their price objective for the company from $175.00 to $180.00 in a report on Tuesday, April 9th. Wells Fargo & Company decreased their price objective on General Electric from $200.00 to $165.00 and set an “overweight” rating for the company in a report on Thursday, April 4th. Finally, Barclays decreased their price objective on General Electric from $181.00 to $175.00 and set an “overweight” rating for the company in a report on Wednesday, April 3rd. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $160.07.

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.