General Electric (NYSE:GE) Holdings Reduced by Tandem Capital Management Corp ADV

Tandem Capital Management Corp ADV decreased its stake in shares of General Electric (NYSE:GE) by 1.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 42,864 shares of the conglomerate’s stock after selling 748 shares during the quarter. General Electric comprises 3.4% of Tandem Capital Management Corp ADV’s holdings, making the stock its 3rd largest position. Tandem Capital Management Corp ADV’s holdings in General Electric were worth $5,471,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Wedge Capital Management L L P NC purchased a new stake in General Electric in the third quarter valued at $224,000. Summit Global Investments purchased a new stake in General Electric in the third quarter valued at $218,000. RFG Advisory LLC raised its position in General Electric by 9.6% in the third quarter. RFG Advisory LLC now owns 3,197 shares of the conglomerate’s stock valued at $353,000 after purchasing an additional 280 shares during the period. DAVENPORT & Co LLC raised its position in General Electric by 6.9% in the third quarter. DAVENPORT & Co LLC now owns 26,440 shares of the conglomerate’s stock valued at $2,923,000 after purchasing an additional 1,706 shares during the period. Finally, Avior Wealth Management LLC raised its position in General Electric by 25.8% in the third quarter. Avior Wealth Management LLC now owns 3,872 shares of the conglomerate’s stock valued at $428,000 after purchasing an additional 794 shares during the period. Hedge funds and other institutional investors own 74.77% of the company’s stock.

General Electric Stock Up 1.3 %

GE traded up $2.07 on Thursday, hitting $161.26. 5,515,880 shares of the company were exchanged, compared to its average volume of 8,135,719. General Electric has a twelve month low of $76.87 and a twelve month high of $163.65. The company has a market cap of $176.30 billion, a price-to-earnings ratio of 52.87, a price-to-earnings-growth ratio of 3.05 and a beta of 1.29. The company has a current ratio of 1.17, a quick ratio of 0.85 and a debt-to-equity ratio of 0.63. The firm has a 50-day moving average price of $160.45 and a two-hundred day moving average price of $135.73.

General Electric (NYSE:GE) last released its quarterly earnings data on Tuesday, April 23rd. The conglomerate reported $0.82 earnings per share (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 analysts’ expectations of $15.25 billion. General Electric had a return on equity of 12.54% and a net margin of 5.05%. The business’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.27 EPS. On average, equities analysts predict that General Electric will post 3.95 earnings per share for the current year.

General Electric Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 25th. Stockholders of record on Monday, April 15th will be given a dividend of $0.28 per share. This is a boost from General Electric’s previous quarterly dividend of $0.08. This represents a $1.12 annualized dividend and a dividend yield of 0.69%. The ex-dividend date of this dividend is Friday, April 12th. General Electric’s dividend payout ratio is currently 36.72%.

Wall Street Analyst Weigh In

GE has been the topic of a number of research analyst reports. Wells Fargo & Company reduced their target price 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. Argus boosted their price objective on General Electric from $170.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday. The Goldman Sachs Group boosted their price objective on General Electric from $190.00 to $211.00 and gave the company a “buy” rating in a report on Wednesday. Bank of America boosted their price objective on General Electric from $165.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Citigroup boosted their price objective on General Electric from $120.43 to $186.00 and gave the company a “buy” rating in a report on Thursday. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, General Electric currently has an average rating of “Moderate Buy” and a consensus target price of $170.00.

Insider Transactions at General Electric

In other news, SVP Michael J. Holston sold 22,055 shares of the company’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 completion of the transaction, the senior vice president now directly owns 56,284 shares of the company’s stock, valued at approximately $8,153,863.08. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, SVP Michael J. Holston sold 13,601 shares of the business’s stock in a transaction dated 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 directly owns 48,339 shares of the company’s stock, valued at approximately $6,552,351.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Michael J. Holston sold 22,055 shares of the business’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 completion of the sale, the senior vice president now directly owns 56,284 shares of the company’s stock, valued at $8,153,863.08. The disclosure for this sale can be found here. Insiders own 0.66% of the company’s stock.

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.