Kays Financial Advisory Corp ADV decreased its holdings in shares of General Electric (NYSE:GE) by 26.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,858 shares of the conglomerate’s stock after selling 3,142 shares during the period. Kays Financial Advisory Corp ADV’s holdings in General Electric were worth $146,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of GE. Essex Investment Management Co. LLC purchased a new stake in General Electric during the fourth quarter valued at about $41,000. Lau Associates LLC purchased a new stake in General Electric during the fourth quarter valued at about $86,000. River Road Asset Management LLC purchased a new stake in General Electric during the fourth quarter valued at about $139,000. Cigna Investments Inc. New raised its position in General Electric by 0.5% during the fourth quarter. Cigna Investments Inc. New now owns 254,223 shares of the conglomerate’s stock valued at $1,924,000 after purchasing an additional 1,209 shares in the last quarter. Finally, Congress Park Capital LLC raised its position in General Electric by 35.5% during the fourth quarter. Congress Park Capital LLC now owns 24,818 shares of the conglomerate’s stock valued at $188,000 after purchasing an additional 6,500 shares in the last quarter. 57.72% of the stock is owned by institutional investors.
A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. downgraded General Electric from a “neutral” rating to an “underweight” rating and lowered their price target for the company from $6.00 to $5.00 in a research report on Monday, April 8th. Zacks Investment Research upgraded General Electric from a “sell” rating to a “hold” rating in a research report on Monday, April 1st. ValuEngine upgraded General Electric from a “sell” rating to a “hold” rating in a research report on Wednesday, March 20th. Royal Bank of Canada set a $12.00 price target on General Electric and gave the company a “buy” rating in a research report on Monday, March 18th. Finally, Credit Suisse Group restated a “neutral” rating and set a $11.00 price target on shares of General Electric in a research report on Friday, March 8th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and ten have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $12.39.
GE opened at $9.35 on Friday. The stock has a market capitalization of $81.18 billion, a PE ratio of 14.38, a P/E/G ratio of 3.97 and a beta of 0.99. The company has a current ratio of 1.81, a quick ratio of 1.52 and a debt-to-equity ratio of 1.85. General Electric has a 12 month low of $6.66 and a 12 month high of $15.59.
General Electric (NYSE:GE) last released its quarterly earnings data on Thursday, January 31st. The conglomerate reported $0.17 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.01). The company had revenue of $33.28 billion during the quarter, compared to analysts’ expectations of $32.01 billion. General Electric had a positive return on equity of 9.85% and a negative net margin of 18.38%. On average, analysts predict that General Electric will post 0.53 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 25th. Stockholders of record on Monday, March 11th will be issued a $0.01 dividend. The ex-dividend date is Friday, March 8th. This represents a $0.04 annualized dividend and a dividend yield of 0.43%. General Electric’s dividend payout ratio is currently 6.15%.
In other news, insider Russell Stokes sold 49,904 shares of General Electric stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $9.93, for a total value of $495,546.72. Following the transaction, the insider now owns 265,986 shares in the company, valued at $2,641,240.98. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.13% of the stock is currently owned by insiders.
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General Electric Profile
General Electric Company operates as a high-tech industrial company worldwide. It operates through Power, Renewable Energy, Aviation, Oil & Gas, Healthcare, Transportation, Lighting, and Capital segments. The Power segment offers technologies, solutions, and services related to energy production, including gas and steam turbines, generators, and high voltage equipment; and power generation services.
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