Lynch & Associates IN lessened its position in General Electric (NYSE:GE) by 20.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 157,075 shares of the conglomerate’s stock after selling 41,457 shares during the period. Lynch & Associates IN’s holdings in General Electric were worth $2,741,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of the company. Peak Financial Management Inc. boosted its stake in shares of General Electric by 0.3% in the 2nd quarter. Peak Financial Management Inc. now owns 9,284 shares of the conglomerate’s stock valued at $251,000 after purchasing an additional 25 shares in the last quarter. Cutter & CO Brokerage Inc. boosted its stake in shares of General Electric by 0.3% in the 2nd quarter. Cutter & CO Brokerage Inc. now owns 20,620 shares of the conglomerate’s stock valued at $557,000 after purchasing an additional 67 shares in the last quarter. NorthRock Partners LLC boosted its stake in shares of General Electric by 0.9% in the 2nd quarter. NorthRock Partners LLC now owns 8,842 shares of the conglomerate’s stock valued at $241,000 after purchasing an additional 80 shares in the last quarter. Shapiro Capital Management LLC boosted its stake in shares of General Electric by 0.8% in the 2nd quarter. Shapiro Capital Management LLC now owns 18,868 shares of the conglomerate’s stock valued at $510,000 after purchasing an additional 147 shares in the last quarter. Finally, CFO4Life Group LLC boosted its stake in shares of General Electric by 0.9% in the 2nd quarter. CFO4Life Group LLC now owns 16,610 shares of the conglomerate’s stock valued at $449,000 after purchasing an additional 152 shares in the last quarter. Institutional investors own 56.28% of the company’s stock.
General Electric stock opened at $14.31 on Monday. The company has a current ratio of 1.87, a quick ratio of 1.59 and a debt-to-equity ratio of 1.32. General Electric has a 52-week low of $13.95 and a 52-week high of $30.54. The stock has a market cap of $124,247.67, a PE ratio of 13.63, a price-to-earnings-growth ratio of 2.71 and a beta of 1.00.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 25th. Shareholders of record on Monday, February 26th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, February 23rd. This represents a $0.48 dividend on an annualized basis and a yield of 3.35%. General Electric’s payout ratio is presently -66.67%.
Several brokerages have recently commented on GE. Vetr downgraded shares of General Electric from a “strong-buy” rating to a “buy” rating and set a $21.08 target price on the stock. in a research note on Wednesday, January 10th. TheStreet downgraded shares of General Electric from a “c” rating to a “d+” rating in a research note on Wednesday, January 24th. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $11.00 price target (down previously from $14.00) on shares of General Electric in a research report on Tuesday, March 13th. DZ Bank reiterated a “neutral” rating on shares of General Electric in a research report on Friday, January 26th. Finally, Deutsche Bank set a $15.00 price target on shares of General Electric and gave the stock a “sell” rating in a research report on Wednesday, January 31st. Five research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $18.27.
In other General Electric news, insider Alexander Dimitrief bought 2,689 shares of the business’s stock in a transaction on Monday, January 29th. The shares were bought at an average cost of $16.16 per share, for a total transaction of $43,454.24. Following the transaction, the insider now owns 81,185 shares in the company, valued at approximately $1,311,949.60. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 1.12% of the company’s stock.
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General Electric Profile
General Electric Company is a global digital industrial company. The Company’s products and services range from aircraft engines, power generation, and oil and gas production equipment to medical imaging, financing and industrial products. Its segments include Power, which includes products and services related to energy production; Renewable Energy, which offers renewable power sources; Oil & Gas, including liquefied natural gas and pipelines; Aviation, which includes commercial and military aircraft engines, and integrated digital components, among others; Healthcare, which provides healthcare technologies in medical imaging, digital solutions, patient monitoring and diagnostics, and drug discovery, among others; Transportation, which is a supplier to the railroad, mining, marine, stationary power and drilling industries; Energy Connections & Lighting, which includes Energy Connections and Lighting businesses, and Capital, which is a financial services division.
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