General Electric (NYSE:GE) Shares Sold by FineMark National Bank & Trust

FineMark National Bank & Trust trimmed its position in shares of General Electric (NYSE:GE) by 0.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,805 shares of the conglomerate’s stock after selling 50 shares during the quarter. FineMark National Bank & Trust’s holdings in General Electric were worth $1,302,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of GE. Princeton Capital Management LLC lifted its holdings in General Electric by 1.8% in the 4th quarter. Princeton Capital Management LLC now owns 14,567 shares of the conglomerate’s stock valued at $2,430,000 after purchasing an additional 252 shares in the last quarter. Modern Wealth Management LLC lifted its stake in shares of General Electric by 25.6% during the 4th quarter. Modern Wealth Management LLC now owns 7,456 shares of the conglomerate’s stock worth $1,244,000 after purchasing an additional 1,522 shares during the period. EntryPoint Capital LLC grew its position in shares of General Electric by 138.6% in the fourth quarter. EntryPoint Capital LLC now owns 2,691 shares of the conglomerate’s stock valued at $449,000 after purchasing an additional 1,563 shares during the period. CoreFirst Bank & Trust purchased a new stake in shares of General Electric in the fourth quarter valued at $372,000. Finally, Haverford Trust Co increased its stake in General Electric by 5.0% in the fourth quarter. Haverford Trust Co now owns 13,343 shares of the conglomerate’s stock valued at $2,225,000 after purchasing an additional 631 shares during the last quarter. Institutional investors and hedge funds own 74.77% of the company’s stock.

General Electric Trading Up 0.9 %

Shares of NYSE:GE opened at $212.18 on Wednesday. The company has a 50 day moving average of $200.12 and a 200-day moving average of $185.83. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88. The firm has a market cap of $227.73 billion, a P/E ratio of 35.42, a P/E/G ratio of 2.59 and a beta of 1.19. General Electric has a twelve month low of $133.99 and a twelve month high of $212.76.

General Electric (NYSE:GE) last posted its quarterly earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.27. General Electric had a return on equity of 22.19% and a net margin of 14.31%. As a group, analysts anticipate that General Electric will post 5.4 earnings per share for the current fiscal year.

General Electric Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, March 10th will be issued a dividend of $0.36 per share. The ex-dividend date is Monday, March 10th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.68%. This is a positive change from General Electric’s previous quarterly dividend of $0.28. General Electric’s payout ratio is currently 24.04%.

Wall Street Analysts Forecast Growth

Several analysts have commented on GE shares. Redburn Atlantic began coverage on General Electric in a report on Tuesday, February 18th. They issued a “buy” rating and a $250.00 price target for the company. Bank of America boosted their target price on shares of General Electric from $200.00 to $225.00 and gave the company a “buy” rating in a report on Monday, January 27th. JPMorgan Chase & Co. increased their price target on shares of General Electric from $190.00 to $210.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. Northcoast Research assumed coverage on General Electric in a research report on Tuesday, January 7th. They set a “neutral” rating for the company. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on General Electric from $235.00 to $228.00 and set a “buy” rating for the company in a report on Thursday, January 2nd. Two equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $211.31.

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.