Sigma Planning Corp Sells 5,502 Shares of General Electric (NYSE:GE)

Sigma Planning Corp lowered its holdings in shares of General Electric (NYSE:GE) by 48.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 5,893 shares of the conglomerate’s stock after selling 5,502 shares during the period. Sigma Planning Corp’s holdings in General Electric were worth $752,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Atlas Brown Inc. raised its stake in shares of General Electric by 1.0% during the fourth quarter. Atlas Brown Inc. now owns 8,322 shares of the conglomerate’s stock valued at $1,062,000 after acquiring an additional 85 shares during the last quarter. Capital Analysts LLC increased its position in shares of General Electric by 55.8% during the fourth quarter. Capital Analysts LLC now owns 243 shares of the conglomerate’s stock worth $31,000 after buying an additional 87 shares during the period. Creative Financial Designs Inc. ADV increased its position in shares of General Electric by 9.7% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 1,027 shares of the conglomerate’s stock worth $131,000 after buying an additional 91 shares during the period. Ballast Advisors LLC increased its position in shares of General Electric by 4.8% during the fourth quarter. Ballast Advisors LLC now owns 1,994 shares of the conglomerate’s stock worth $254,000 after buying an additional 91 shares during the period. Finally, King Wealth increased its position in shares of General Electric by 3.2% during the third quarter. King Wealth now owns 2,988 shares of the conglomerate’s stock worth $330,000 after buying an additional 92 shares during the period. Institutional investors own 74.77% of the company’s stock.

General Electric Stock Up 8.3 %

General Electric stock opened at $162.62 on Wednesday. General Electric has a 1-year low of $76.87 and a 1-year high of $163.65. The firm has a market capitalization of $177.79 billion, a price-to-earnings ratio of 19.43, a price-to-earnings-growth ratio of 2.96 and a beta of 1.29. The firm’s fifty day moving average price is $159.94 and its two-hundred day moving average price is $135.39. The company has a current ratio of 1.18, a quick ratio of 0.85 and a debt-to-equity ratio of 0.69.

General Electric (NYSE:GE) last released its quarterly earnings data on Tuesday, April 23rd. The conglomerate reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.17. General Electric had a net margin of 13.95% and a return on equity of 10.88%. The firm had revenue of $16.10 billion for the quarter, compared to analyst estimates of $15.25 billion. During the same period last year, the firm earned $0.27 earnings per share. The business’s quarterly revenue was up 11.1% compared to the same quarter last year. On average, equities research analysts predict that General Electric will post 3.76 earnings per share for the current fiscal year.

General Electric Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 25th. Shareholders of record on Monday, April 15th will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.69%. This is a positive change from General Electric’s previous quarterly dividend of $0.08. The ex-dividend date is Friday, April 12th. General Electric’s dividend payout ratio (DPR) is 13.38%.

Insider Buying and Selling at General Electric

In other General Electric news, SVP Michael J. Holston sold 22,055 shares of the firm’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $144.87, for a total value of $3,195,107.85. Following the transaction, 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, SVP Michael J. Holston sold 22,055 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $144.87, for a total transaction of $3,195,107.85. Following the transaction, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Michael J. Holston sold 13,601 shares of the firm’s stock in a transaction dated 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 transaction, the senior vice president now directly owns 48,339 shares in the company, valued at $6,552,351.45. The disclosure for this sale can be found here. Insiders own 0.66% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on GE. Barclays decreased their price objective on shares of General Electric from $181.00 to $175.00 and set an “overweight” rating for the company in a research report on Wednesday, April 3rd. StockNews.com began coverage on shares of General Electric in a research report on Sunday. They set a “hold” rating for the company. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of General Electric from $210.00 to $190.00 and set a “buy” rating for the company in a research report on Wednesday, April 3rd. Vertical Research assumed coverage on shares of General Electric in a report on Thursday, April 4th. They issued a “buy” rating and a $160.00 price target for the company. Finally, Wells Fargo & Company reduced their price target on shares of General Electric from $200.00 to $165.00 and set an “overweight” rating for the company in a report on Thursday, April 4th. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, General Electric has a consensus rating of “Moderate Buy” and an average price target of $160.07.

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.