Dynamic Advisor Solutions LLC Sells 1,070 Shares of General Electric (NYSE:GE)

Dynamic Advisor Solutions LLC trimmed its position in General Electric (NYSE:GE) by 5.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,769 shares of the conglomerate’s stock after selling 1,070 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in General Electric were worth $2,964,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in GE. Toth Financial Advisory Corp bought a new stake in shares of General Electric in the 3rd quarter worth about $25,000. Valley Wealth Managers Inc. bought a new stake in General Electric during the third quarter worth approximately $25,000. O Brien Wealth Partners LLC purchased a new stake in General Electric during the third quarter valued at approximately $27,000. Peterson Financial Group Inc. bought a new stake in shares of General Electric in the 3rd quarter valued at approximately $28,000. Finally, Sugar Maple Asset Management LLC purchased a new position in shares of General Electric in the 4th quarter worth approximately $29,000. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

General Electric Stock Performance

GE stock opened at $196.81 on Friday. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.13 and a quick ratio of 0.85. General Electric has a 1-year low of $103.75 and a 1-year high of $207.65. The business has a 50-day moving average price of $175.33 and a 200 day moving average price of $175.00. The company has a market capitalization of $213.00 billion, a P/E ratio of 34.59, a PEG ratio of 1.53 and a beta of 1.19.

General Electric (NYSE:GE) last announced its quarterly earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.27. General Electric had a net margin of 11.48% and a return on equity of 18.93%. As a group, equities research analysts forecast that General Electric will post 4.23 EPS for the current fiscal year.

General Electric Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 27th will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, December 27th. This represents a $1.12 annualized dividend and a yield of 0.57%. General Electric’s dividend payout ratio (DPR) is presently 19.68%.

Insider Activity

In other news, SVP Russell Stokes sold 15,550 shares of the company’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $178.29, for a total transaction of $2,772,409.50. Following the transaction, the senior vice president now directly owns 148,857 shares of the company’s stock, valued at approximately $26,539,714.53. This represents a 9.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Riccardo Procacci sold 7,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $181.13, for a total value of $1,267,910.00. Following the completion of the sale, the senior vice president now directly owns 13,289 shares of the company’s stock, valued at $2,407,036.57. The trade was a 34.50 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Bank of America raised their price target on General Electric from $180.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Royal Bank of Canada restated an “outperform” rating and issued a $200.00 target price on shares of General Electric in a report on Wednesday. Citigroup upped their price target on shares of General Electric from $198.00 to $216.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of General Electric from $235.00 to $228.00 and set a “buy” rating for the company in a research note on Thursday, January 2nd. Finally, UBS Group upped their target price on General Electric from $215.00 to $235.00 and gave the company a “buy” rating in a research note on Friday. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, General Electric presently has an average rating of “Moderate Buy” and an average target price of $205.80.

About General Electric

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.