Yousif Capital Management LLC Has $20.16 Million Stock Position in General Electric (NYSE:GE)

Yousif Capital Management LLC lowered its stake in General Electric (NYSE:GE) by 5.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 157,949 shares of the conglomerate’s stock after selling 8,774 shares during the period. Yousif Capital Management LLC’s holdings in General Electric were worth $20,159,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Halpern Financial Inc. grew its holdings in shares of General Electric by 968.4% during the fourth quarter. Halpern Financial Inc. now owns 203 shares of the conglomerate’s stock worth $25,000 after buying an additional 184 shares in the last quarter. Criterion Capital Advisors LLC acquired a new stake in shares of General Electric in the fourth quarter valued at approximately $27,000. CGC Financial Services LLC lifted its position in shares of General Electric by 90.2% in the fourth quarter. CGC Financial Services LLC now owns 232 shares of the conglomerate’s stock worth $30,000 after purchasing an additional 110 shares in the last quarter. Capital Analysts LLC boosted its holdings in General Electric by 55.8% during the fourth quarter. Capital Analysts LLC now owns 243 shares of the conglomerate’s stock worth $31,000 after purchasing an additional 87 shares during the last quarter. Finally, Macroview Investment Management LLC grew its position in General Electric by 43.4% in the third quarter. Macroview Investment Management LLC now owns 317 shares of the conglomerate’s stock valued at $35,000 after purchasing an additional 96 shares in the last quarter. Institutional investors and hedge funds own 74.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on GE. Jefferies Financial Group reduced their price objective on shares of General Electric from $195.00 to $180.00 and set a “buy” rating for the company in a research note on Wednesday, April 10th. 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 research report on Monday, April 8th. Wells Fargo & Company lowered their price target on General Electric from $200.00 to $165.00 and set an “overweight” rating on the stock in a research report on Thursday, April 4th. TD Cowen raised 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. Finally, Royal Bank of Canada lowered their target price on shares of General Electric from $180.00 to $160.00 and set an “outperform” rating on the stock in a report on Thursday, April 4th. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $160.07.

General Electric Stock Performance

Shares of NYSE:GE traded up $12.43 on Tuesday, hitting $162.62. The company had a trading volume of 18,843,017 shares, compared to its average volume of 8,137,180. The stock has a market cap of $177.79 billion, a price-to-earnings ratio of 19.43, a P/E/G ratio of 2.92 and a beta of 1.29. The stock has a 50 day moving average price of $159.94 and a 200 day moving average price of $135.39. General Electric has a 1-year low of $76.87 and a 1-year high of $163.65. 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 (NYSE:GE) last announced its earnings results on Tuesday, April 23rd. The conglomerate reported $0.82 EPS for the quarter, topping the consensus estimate of $0.65 by $0.17. The business had revenue of $16.10 billion during the quarter, compared to the consensus estimate of $15.25 billion. General Electric had a net margin of 13.95% and a return on equity of 10.88%. General Electric’s revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.27 EPS. Analysts expect that General Electric will post 3.76 EPS for the current year.

General Electric Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 25th. Stockholders of record on Monday, April 15th will be given a $0.28 dividend. This is an increase from General Electric’s previous quarterly dividend of $0.08. The ex-dividend date is Friday, April 12th. This represents a $1.12 annualized dividend and a dividend yield of 0.69%. General Electric’s dividend payout ratio is presently 13.38%.

Insider Transactions at General Electric

In other news, SVP Michael J. Holston sold 13,601 shares of General Electric stock in a transaction on 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 completion of the sale, the senior vice president now owns 48,339 shares of the company’s stock, valued at $6,552,351.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other General Electric news, SVP Michael J. Holston sold 13,601 shares of the stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $135.55, for a total transaction of $1,843,615.55. Following the transaction, 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 document filed with the SEC, which is accessible through the SEC website. Also, SVP Michael J. Holston sold 22,055 shares of the firm’s stock in a transaction that occurred on 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 transaction, the senior vice president now directly 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 corporate insiders.

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.