Sanctuary Advisors LLC Decreases Stock Holdings in General Electric (NYSE:GE)

Sanctuary Advisors LLC lowered its stake in shares of General Electric (NYSE:GE) by 0.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 148,244 shares of the conglomerate’s stock after selling 887 shares during the period. Sanctuary Advisors LLC’s holdings in General Electric were worth $24,726,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on GE shares. Melius Research increased their target price on General Electric from $194.00 to $202.00 in a research report on Tuesday, October 22nd. Wells Fargo & Company lifted their target price on General Electric from $225.00 to $250.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Northcoast Research began coverage on shares of General Electric in a report on Tuesday, January 7th. They issued a “neutral” rating on the stock. Royal Bank of Canada restated an “outperform” rating and issued a $200.00 price objective on shares of General Electric in a research report on Wednesday, January 22nd. Finally, Citigroup upped their target price on shares of General Electric from $216.00 to $235.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $208.73.

General Electric Trading Up 0.1 %

Shares of GE stock opened at $208.62 on Tuesday. The stock’s 50-day moving average price is $182.66 and its 200-day moving average price is $179.40. General Electric has a 12-month low of $117.43 and a 12-month high of $211.42. The stock has a market capitalization of $223.91 billion, a price-to-earnings ratio of 34.83, a price-to-earnings-growth ratio of 2.56 and a beta of 1.22. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88.

General Electric (NYSE:GE) last posted its earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.27. General Electric had a net margin of 14.31% and a return on equity of 22.19%. Equities research analysts predict that General Electric will post 5.39 EPS for the current fiscal year.

General Electric Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, March 10th will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 0.69%. This is an increase from General Electric’s previous quarterly dividend of $0.28. General Electric’s dividend payout ratio (DPR) is presently 18.70%.

General Electric Company 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.