CapWealth Advisors LLC Sells 1,962 Shares of General Electric (NYSE:GE)

CapWealth Advisors LLC reduced its position in shares of General Electric (NYSE:GE) by 1.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 163,707 shares of the conglomerate’s stock after selling 1,962 shares during the quarter. General Electric accounts for 3.0% of CapWealth Advisors LLC’s investment portfolio, making the stock its 9th biggest holding. CapWealth Advisors LLC’s holdings in General Electric were worth $27,305,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Creative Planning boosted its holdings in General Electric by 9.0% in the third quarter. Creative Planning now owns 196,581 shares of the conglomerate’s stock worth $37,071,000 after purchasing an additional 16,258 shares in the last quarter. Vontobel Holding Ltd. grew its stake in General Electric by 5.5% in the 3rd quarter. Vontobel Holding Ltd. now owns 15,664 shares of the conglomerate’s stock valued at $2,954,000 after buying an additional 815 shares during the last quarter. B.O.S.S. Retirement Advisors LLC acquired a new position in shares of General Electric during the 3rd quarter worth about $224,000. Naviter Wealth LLC bought a new stake in General Electric during the 3rd quarter valued at approximately $213,000. Finally, Global Retirement Partners LLC grew its holdings in General Electric by 9.1% in the 3rd quarter. Global Retirement Partners LLC now owns 20,574 shares of the conglomerate’s stock valued at $3,880,000 after buying an additional 1,715 shares during the last quarter. 74.77% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, SVP Russell Stokes sold 15,550 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $178.29, for a total transaction of $2,772,409.50. Following the completion of the transaction, the senior vice president now directly owns 148,857 shares in the company, valued at $26,539,714.53. This represents a 9.46 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.66% of the company’s stock.

General Electric Stock Performance

GE stock opened at $208.62 on Friday. General Electric has a twelve month low of $117.43 and a twelve month high of $211.42. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.88. The company has a market cap of $223.91 billion, a P/E ratio of 34.83, a price-to-earnings-growth ratio of 2.56 and a beta of 1.22. The business’s fifty day moving average is $182.00 and its 200-day moving average is $178.98.

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

General Electric Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 10th will be paid a $0.36 dividend. This is a positive change from General Electric’s previous quarterly dividend of $0.28. This represents a $1.44 dividend on an annualized basis and a yield of 0.69%. General Electric’s dividend payout ratio is presently 18.70%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Northcoast Research assumed coverage on shares of General Electric in a research note on Tuesday, January 7th. They issued a “neutral” rating on the stock. JPMorgan Chase & Co. increased their target price on General Electric from $190.00 to $210.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. Deutsche Bank Aktiengesellschaft decreased their price target on General Electric from $235.00 to $228.00 and set a “buy” rating on the stock in a research note on Thursday, January 2nd. UBS Group lifted their price objective on General Electric from $215.00 to $235.00 and gave the company a “buy” rating in a report on Friday, January 24th. Finally, Bank of America lifted their target price on shares of General Electric from $200.00 to $225.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $208.73.

General Electric 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.