Yeomans Consulting Group Inc. Sells 556 Shares of General Electric (NYSE:GE)

Yeomans Consulting Group Inc. decreased its stake in General Electric (NYSE:GE) by 14.8% in the 3rd quarter, Holdings Channel.com reports. The fund owned 3,197 shares of the conglomerate’s stock after selling 556 shares during the quarter. Yeomans Consulting Group Inc.’s holdings in General Electric were worth $603,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Studio Investment Management LLC increased its holdings in General Electric by 97.5% during the second quarter. Studio Investment Management LLC now owns 158 shares of the conglomerate’s stock worth $25,000 after buying an additional 78 shares during the last quarter. Toth Financial Advisory Corp acquired a new stake in General Electric in the third quarter valued at $25,000. O Brien Wealth Partners LLC bought a new position in shares of General Electric in the 3rd quarter valued at about $27,000. MFA Wealth Advisors LLC acquired a new position in shares of General Electric during the 2nd quarter worth about $31,000. Finally, Financial Connections Group Inc. bought a new stake in shares of General Electric in the 2nd quarter valued at about $32,000. Institutional investors and hedge funds own 74.77% of the company’s stock.

General Electric Price Performance

General Electric stock traded down $2.68 during mid-day trading on Monday, reaching $176.42. 1,693,270 shares of the company were exchanged, compared to its average volume of 6,344,556. The company has a fifty day simple moving average of $179.90 and a 200-day simple moving average of $168.56. The firm has a market cap of $191.29 billion, a PE ratio of 30.90, a PEG ratio of 1.74 and a beta of 1.18. 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 12 month low of $84.66 and a 12 month high of $194.80.

General Electric (NYSE:GE) last issued its quarterly earnings results on Tuesday, October 22nd. The conglomerate reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.02. General Electric had a return on equity of 18.93% and a net margin of 11.48%. The company had revenue of $9.84 billion for the quarter, compared to analysts’ expectations of $9.02 billion. During the same quarter last year, the business earned $0.82 earnings per share. General Electric’s revenue was up 5.8% on a year-over-year basis. As a group, equities research analysts expect that General Electric will post 4.2 earnings per share for the current fiscal year.

General Electric Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Thursday, September 26th were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date of this dividend was Thursday, September 26th. General Electric’s dividend payout ratio (DPR) is presently 19.68%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. StockNews.com downgraded General Electric from a “buy” rating to a “hold” rating in a research report on Monday, July 29th. Sanford C. Bernstein lifted their price objective on shares of General Electric from $201.00 to $225.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Royal Bank of Canada dropped their price objective on shares of General Electric from $210.00 to $200.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. Barclays upped their price target on shares of General Electric from $175.00 to $200.00 and gave the company an “overweight” rating in a research note on Tuesday, July 30th. Finally, UBS Group raised their price objective on shares of General Electric from $223.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Two research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $200.93.

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.