General Electric (NYSE:GE) Shares Sold by Bailard Inc.

Bailard Inc. lowered its stake in General Electric (NYSE:GE) by 7.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 8,030 shares of the conglomerate’s stock after selling 682 shares during the quarter. Bailard Inc.’s holdings in General Electric were worth $1,025,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. WCM Investment Management LLC acquired a new stake in General Electric during the 4th quarter worth about $520,488,000. Brown Advisory Inc. grew its stake in General Electric by 265.7% during the 3rd quarter. Brown Advisory Inc. now owns 3,008,425 shares of the conglomerate’s stock valued at $332,581,000 after acquiring an additional 2,185,793 shares in the last quarter. International Assets Investment Management LLC grew its stake in shares of General Electric by 11,947.8% in the 4th quarter. International Assets Investment Management LLC now owns 1,576,570 shares of the conglomerate’s stock valued at $201,218,000 after buying an additional 1,563,484 shares in the last quarter. Carmignac Gestion bought a new stake in shares of General Electric in the 3rd quarter valued at approximately $133,581,000. Finally, AQR Capital Management LLC boosted its position in General Electric by 358.4% during the third quarter. AQR Capital Management LLC now owns 1,456,673 shares of the conglomerate’s stock worth $161,035,000 after purchasing an additional 1,138,896 shares during the period. Institutional investors and hedge funds own 74.77% of the company’s stock.

General Electric Stock Performance

Shares of NYSE GE opened at $162.31 on Friday. The business has a fifty day simple moving average of $160.72 and a 200 day simple moving average of $136.09. 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 market capitalization of $177.67 billion, a price-to-earnings ratio of 53.22, a PEG ratio of 3.03 and a beta of 1.29. General Electric has a one year low of $77.28 and a one year high of $163.65.

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. General Electric had a return on equity of 12.54% and a net margin of 5.05%. The firm had revenue of $16.10 billion during the quarter, compared to analyst estimates of $15.25 billion. During the same period in the prior year, the company posted $0.27 earnings per share. The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. Sell-side analysts expect that General Electric will post 3.95 EPS for the current year.

General Electric Increases Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on GE shares. TheStreet raised General Electric from a “c+” rating to a “b+” rating in a research report on Tuesday, January 23rd. Bank of America upped their target price on General Electric from $165.00 to $180.00 and gave the stock a “buy” rating in a research report on Wednesday. Wells Fargo & Company cut their price target on General Electric from $200.00 to $165.00 and set an “overweight” rating for the company in a report on Thursday, April 4th. Royal Bank of Canada upped their price target on General Electric from $165.00 to $175.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, JPMorgan Chase & Co. cut their price target on General Electric from $180.00 to $148.00 and set an “overweight” rating for the company in a report on Tuesday, April 2nd. Two 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, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $170.00.

Insiders Place Their Bets

In other General Electric news, SVP Michael J. Holston sold 22,055 shares of the stock in a transaction 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 completion of the transaction, the senior vice president now directly owns 56,284 shares in the company, valued at $8,153,863.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other General Electric news, SVP Michael J. Holston sold 22,055 shares of the stock in a transaction 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 completion of the transaction, the senior vice president now directly owns 56,284 shares in the company, valued at $8,153,863.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Michael J. Holston sold 13,601 shares of the stock in a transaction 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 transaction, the senior vice president now owns 48,339 shares of the company’s stock, valued at $6,552,351.45. The disclosure for this sale can be found here. Corporate 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.