Sentry LLC Has $1.28 Million Stake in General Electric (NYSE:GE)

Sentry LLC lowered its stake in shares of General Electric (NYSE:GE) by 9.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 7,682 shares of the conglomerate’s stock after selling 806 shares during the period. Sentry LLC’s holdings in General Electric were worth $1,281,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Susquehanna Fundamental Investments LLC bought a new position in shares of General Electric during the 2nd quarter worth approximately $811,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of General Electric by 4.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 66,953 shares of the conglomerate’s stock worth $10,644,000 after buying an additional 3,086 shares in the last quarter. Sunbelt Securities Inc. lifted its position in shares of General Electric by 11.5% during the 2nd quarter. Sunbelt Securities Inc. now owns 1,193 shares of the conglomerate’s stock worth $190,000 after buying an additional 123 shares in the last quarter. EP Wealth Advisors LLC lifted its position in shares of General Electric by 1.0% during the 2nd quarter. EP Wealth Advisors LLC now owns 19,317 shares of the conglomerate’s stock worth $3,071,000 after buying an additional 187 shares in the last quarter. Finally, Truist Financial Corp lifted its position in shares of General Electric by 10.6% during the 2nd quarter. Truist Financial Corp now owns 220,867 shares of the conglomerate’s stock worth $35,111,000 after buying an additional 21,127 shares in the last quarter. Institutional investors and hedge funds own 74.77% of the company’s stock.

Insider Buying and Selling

In other news, SVP Riccardo Procacci sold 7,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $181.13, for a total transaction of $1,267,910.00. Following the transaction, the senior vice president now owns 13,289 shares in the company, valued at approximately $2,407,036.57. This trade represents a 34.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Russell Stokes sold 15,550 shares of the firm’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $178.29, for a total value of $2,772,409.50. Following the transaction, the senior vice president now owns 148,857 shares in the company, valued at approximately $26,539,714.53. This represents a 9.46 % decrease in their position. The disclosure for this sale can be found here. 0.66% of the stock is owned by corporate insiders.

General Electric Trading Up 2.3 %

Shares of GE opened at $198.88 on Thursday. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.13 and a quick ratio of 0.85. General Electric has a 1 year low of $104.98 and a 1 year high of $207.65. The company has a 50 day simple moving average of $176.00 and a two-hundred day simple moving average of $175.63. The firm has a market cap of $215.25 billion, a P/E ratio of 34.95, a price-to-earnings-growth ratio of 1.53 and a beta of 1.19.

General Electric (NYSE:GE) last posted its earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.27. General Electric had a net margin of 11.48% and a return on equity of 18.93%. On average, equities analysts expect that General Electric will post 4.23 earnings per share for the current fiscal year.

General Electric Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, January 27th. Investors of record on Friday, December 27th were given a $0.28 dividend. The ex-dividend date of this dividend was Friday, December 27th. This represents a $1.12 dividend on an annualized basis and a yield of 0.56%. General Electric’s dividend payout ratio is presently 19.68%.

Wall Street Analyst Weigh In

GE has been the subject of a number of recent research reports. Bank of America lifted their price objective on shares of General Electric from $200.00 to $225.00 and gave the company a “buy” rating in a research note on Monday. Melius Research boosted their price target on shares of General Electric from $194.00 to $202.00 in a research note on Tuesday, October 22nd. Northcoast Research initiated coverage on shares of General Electric in a research note on Tuesday, January 7th. They issued a “neutral” rating for the company. UBS Group boosted their price target on shares of General Electric from $215.00 to $235.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. Finally, Citigroup upped their price objective on shares of General Electric from $216.00 to $235.00 and gave the company a “buy” rating in a research note on Monday. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $208.73.

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.