Vontobel Holding Ltd. Sells 1,488 Shares of General Electric (NYSE:GE)

Vontobel Holding Ltd. decreased its position in General Electric (NYSE:GE) by 9.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,388 shares of the conglomerate’s stock after selling 1,488 shares during the quarter. Vontobel Holding Ltd.’s holdings in General Electric were worth $1,836,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Moneta Group Investment Advisors LLC grew its position in General Electric by 122,242.2% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 13,438,063 shares of the conglomerate’s stock worth $878,644,000 after acquiring an additional 13,427,079 shares during the last quarter. Norges Bank purchased a new stake in shares of General Electric during the fourth quarter valued at approximately $635,274,000. State Street Corp boosted its stake in shares of General Electric by 17.3% during the first quarter. State Street Corp now owns 48,490,012 shares of the conglomerate’s stock valued at $4,639,533,000 after purchasing an additional 7,157,356 shares during the period. WCM Investment Management LLC bought a new position in shares of General Electric in the fourth quarter worth approximately $520,488,000. Finally, Brown Advisory Inc. increased its stake in shares of General Electric by 265.7% in the third quarter. Brown Advisory Inc. now owns 3,008,425 shares of the conglomerate’s stock worth $332,581,000 after buying an additional 2,185,793 shares during the period. Institutional investors own 74.77% of the company’s stock.

Insider Buying and Selling at General Electric

In other General Electric news, SVP Michael J. Holston sold 22,055 shares of the business’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $144.87, for a total value of $3,195,107.85. Following the sale, the senior vice president now directly owns 56,284 shares of the company’s stock, valued at $8,153,863.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, SVP Michael J. Holston sold 13,601 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $135.55, for a total transaction of $1,843,615.55. Following the completion of the sale, the senior vice president now owns 48,339 shares of the company’s stock, valued at $6,552,351.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Michael J. Holston sold 22,055 shares of the business’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 completion of the transaction, the senior vice president now 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 Stock Performance

Shares of General Electric stock opened at $148.09 on Friday. General Electric has a 12 month low of $76.87 and a 12 month high of $158.68. The firm has a market capitalization of $161.90 billion, a P/E ratio of 17.69, a P/E/G ratio of 3.05 and a beta of 1.29. The company has a current ratio of 1.18, a quick ratio of 0.85 and a debt-to-equity ratio of 0.69. The business has a fifty day simple moving average of $159.32 and a two-hundred day simple moving average of $134.37.

General Electric (NYSE:GE) last issued its quarterly earnings results on Tuesday, January 23rd. The conglomerate reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.13. The company had revenue of $19.42 billion during the quarter, compared to analysts’ expectations of $17.27 billion. General Electric had a net margin of 13.95% and a return on equity of 10.88%. General Electric’s revenue was up 15.4% on a year-over-year basis. During the same period last year, the company posted $1.24 EPS. On average, equities analysts forecast that General Electric will post 3.78 earnings per share for the current fiscal year.

General Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 25th. Investors of record on Monday, April 15th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend is Friday, April 12th. This is a positive change from General Electric’s previous quarterly dividend of $0.08. General Electric’s dividend payout ratio (DPR) is 13.38%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. The Goldman Sachs Group assumed coverage on shares of General Electric in a research report on Tuesday, April 9th. They set a “buy” rating and a $190.00 price target for the company. Vertical Research started coverage on shares of General Electric in a report on Thursday, April 4th. They set a “buy” rating and a $160.00 target price for the company. Deutsche Bank Aktiengesellschaft reduced their price target on General Electric from $210.00 to $190.00 and set a “buy” rating on the stock in a report on Wednesday, April 3rd. Royal Bank of Canada dropped their price objective on General Electric from $180.00 to $160.00 and set an “outperform” rating for the company in a report on Thursday, April 4th. Finally, StockNews.com assumed coverage on General Electric in a research report on Saturday, April 13th. They issued a “hold” rating on the stock. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $160.07.

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.