Uncommon Cents Investing LLC Sells 85 Shares of General Electric (NYSE:GE)

Uncommon Cents Investing LLC cut its position in shares of General Electric (NYSE:GE) by 0.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 20,362 shares of the conglomerate’s stock after selling 85 shares during the quarter. General Electric accounts for about 1.1% of Uncommon Cents Investing LLC’s portfolio, making the stock its 27th biggest holding. Uncommon Cents Investing LLC’s holdings in General Electric were worth $3,574,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Halpern Financial Inc. grew its stake in General Electric by 968.4% in the fourth quarter. Halpern Financial Inc. now owns 203 shares of the conglomerate’s stock valued at $25,000 after purchasing an additional 184 shares in the last quarter. Criterion Capital Advisors LLC bought a new position in General Electric in the fourth quarter valued at approximately $27,000. CGC Financial Services LLC grew its stake in General Electric by 90.2% in the fourth quarter. CGC Financial Services LLC now owns 232 shares of the conglomerate’s stock valued at $30,000 after purchasing an additional 110 shares in the last quarter. Capital Analysts LLC grew its stake in General Electric by 55.8% in the fourth quarter. Capital Analysts LLC now owns 243 shares of the conglomerate’s stock valued at $31,000 after purchasing an additional 87 shares in the last quarter. Finally, Bfsg LLC bought a new position in General Electric in the fourth quarter valued at approximately $32,000. 74.77% of the stock is currently owned by institutional investors.

Insider Buying and Selling at General Electric

In other General Electric news, SVP Russell Stokes sold 45,309 shares of General Electric stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $162.82, for a total value of $7,377,211.38. Following the completion of the transaction, the senior vice president now directly owns 112,958 shares of the company’s stock, valued at approximately $18,391,821.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.66% of the company’s stock.

General Electric Stock Performance

NYSE:GE traded up $1.55 during mid-day trading on Thursday, hitting $163.00. 2,577,254 shares of the stock were exchanged, compared to its average volume of 5,797,346. The stock has a market capitalization of $178.42 billion, a price-to-earnings ratio of 53.44, a price-to-earnings-growth ratio of 1.71 and a beta of 1.21. The firm’s 50-day simple moving average is $162.59 and its 200 day simple moving average is $152.20. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.82 and a current ratio of 1.17. General Electric has a fifty-two week low of $84.42 and a fifty-two week high of $170.80.

General Electric (NYSE:GE) last announced its quarterly earnings data on Tuesday, April 23rd. The conglomerate reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.17. The firm had revenue of $16.10 billion during the quarter, compared to analysts’ expectations of $15.25 billion. General Electric had a return on equity of 12.54% and a net margin of 5.05%. The company’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.27 EPS. As a group, equities analysts anticipate that General Electric will post 4 EPS for the current fiscal year.

General Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 25th. Shareholders of record on Thursday, July 11th will be issued a $0.28 dividend. The ex-dividend date of this dividend is Thursday, July 11th. This represents a $1.12 annualized dividend and a yield of 0.69%. General Electric’s dividend payout ratio is presently 36.72%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on GE. JPMorgan Chase & Co. raised their price target on General Electric from $148.00 to $175.00 and gave the company an “overweight” rating in a research note on Monday, May 13th. TD Cowen upgraded General Electric from a “hold” rating to a “buy” rating and lifted their target price for the stock from $175.00 to $180.00 in a research note on Tuesday, April 9th. Jefferies Financial Group lifted their target price on General Electric from $185.00 to $190.00 and gave the stock a “buy” rating in a research note on Friday, June 28th. StockNews.com began coverage on General Electric in a research note on Monday, April 29th. They set a “hold” rating for the company. Finally, Argus lifted their target price on General Electric from $170.00 to $180.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $181.93.

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.