Carson Advisory Inc. Has $628,000 Holdings in General Electric (NYSE:GE)

Carson Advisory Inc. trimmed its stake in General Electric (NYSE:GE) by 5.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 4,921 shares of the conglomerate’s stock after selling 300 shares during the quarter. Carson Advisory Inc.’s holdings in General Electric were worth $628,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of GE. Halpern Financial Inc. lifted its stake in shares of General Electric by 968.4% during the fourth quarter. Halpern Financial Inc. now owns 203 shares of the conglomerate’s stock valued at $25,000 after acquiring an additional 184 shares during the period. Criterion Capital Advisors LLC acquired a new stake in shares of General Electric during the fourth quarter worth about $27,000. CGC Financial Services LLC raised its position in shares of General Electric by 90.2% during 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 during the period. Capital Analysts LLC raised its position in shares of 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 period. Finally, Bfsg LLC acquired a new stake in shares of General Electric during the fourth quarter worth about $32,000. 74.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on GE. Citigroup increased their price objective on General Electric from $120.43 to $186.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. Vertical Research initiated coverage on General Electric in a report on Thursday, April 4th. They set a “buy” rating and a $160.00 price objective for the company. StockNews.com initiated coverage on General Electric in a research note on Monday. They issued a “hold” rating for the company. Barclays decreased their price target on General Electric from $181.00 to $175.00 and set an “overweight” rating for the company in a research note on Wednesday, April 3rd. Finally, Wells Fargo & Company raised their price target on General Electric from $165.00 to $192.00 and gave the company an “overweight” rating in a research note on Monday. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $172.29.

General Electric Trading Up 1.8 %

Shares of NYSE:GE traded up $2.94 during midday trading on Thursday, reaching $162.64. The company’s stock had a trading volume of 4,961,174 shares, compared to its average volume of 7,988,005. The firm has a market capitalization of $178.03 billion, a price-to-earnings ratio of 52.50, a PEG ratio of 2.88 and a beta of 1.25. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.82 and a current ratio of 1.17. The firm has a 50 day moving average price of $161.50 and a two-hundred day moving average price of $137.33. General Electric has a fifty-two week low of $77.93 and a fifty-two week high of $166.26.

General Electric (NYSE:GE) last posted its quarterly earnings results on Tuesday, April 23rd. The conglomerate reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.17. General Electric had a return on equity of 12.54% and a net margin of 5.05%. The business had revenue of $16.10 billion for the quarter, compared to the consensus estimate of $15.25 billion. During the same period in the prior year, the business earned $0.27 EPS. The firm’s revenue for the quarter was up 11.1% on a year-over-year basis. As a group, analysts forecast that General Electric will post 3.95 earnings per share for the current year.

General Electric Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 25th. Investors of record on Monday, April 15th were paid a dividend of $0.28 per share. This is an increase from General Electric’s previous quarterly dividend of $0.08. This represents a $1.12 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date was Friday, April 12th. General Electric’s dividend payout ratio is 36.72%.

Insider Buying and Selling

In related news, SVP Michael J. Holston sold 22,055 shares of the company’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 of the company’s stock, valued at approximately $8,153,863.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, SVP Michael J. Holston sold 13,601 shares of the company’s stock in a transaction that occurred on 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 transaction, the senior vice president now directly owns 48,339 shares of the company’s stock, valued at $6,552,351.45. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Michael J. Holston sold 22,055 shares of the company’s stock in a transaction that occurred on 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 transaction, 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. 0.66% of the stock is owned by company 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.