Alpha Cubed Investments LLC Has $316,000 Position in General Electric (NYSE:GE)

Alpha Cubed Investments LLC lessened its stake in shares of General Electric (NYSE:GE) by 5.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,897 shares of the conglomerate’s stock after selling 118 shares during the period. Alpha Cubed Investments LLC’s holdings in General Electric were worth $316,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Clear Harbor Asset Management LLC boosted its holdings in shares of General Electric by 3.9% during the 4th quarter. Clear Harbor Asset Management LLC now owns 2,169 shares of the conglomerate’s stock worth $362,000 after buying an additional 82 shares during the period. Perpetual Ltd lifted its position in General Electric by 13.7% during the 4th quarter. Perpetual Ltd now owns 15,785 shares of the conglomerate’s stock worth $2,633,000 after acquiring an additional 1,905 shares during the last quarter. Crossmark Global Holdings Inc. boosted its holdings in General Electric by 0.3% during the fourth quarter. Crossmark Global Holdings Inc. now owns 41,231 shares of the conglomerate’s stock valued at $6,877,000 after acquiring an additional 116 shares during the period. Sugar Maple Asset Management LLC acquired a new stake in shares of General Electric in the fourth quarter valued at about $29,000. Finally, Ballentine Partners LLC increased its stake in shares of General Electric by 1.7% in the fourth quarter. Ballentine Partners LLC now owns 21,772 shares of the conglomerate’s stock worth $3,631,000 after purchasing an additional 374 shares during the period. Institutional investors own 74.77% of the company’s stock.

Insider Buying and Selling

In related news, SVP Riccardo Procacci sold 7,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $181.13, for a total transaction of $1,267,910.00. Following the sale, the senior vice president now directly owns 13,289 shares in the company, valued at $2,407,036.57. This represents a 34.50 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Russell Stokes sold 15,550 shares of General Electric stock in a transaction on Monday, November 18th. The shares were sold at an average price of $178.29, for a total value of $2,772,409.50. Following the completion of the transaction, the senior vice president now owns 148,857 shares of the company’s stock, valued at approximately $26,539,714.53. The trade was a 9.46 % decrease in their position. The disclosure for this sale can be found here. 0.66% of the stock is currently owned by corporate insiders.

General Electric Trading Up 2.5 %

GE stock opened at $187.46 on Wednesday. General Electric has a 1-year low of $101.16 and a 1-year high of $194.80. The company has a current ratio of 1.13, a quick ratio of 0.85 and a debt-to-equity ratio of 0.95. The business’s 50 day moving average is $174.30 and its 200-day moving average is $174.30. The firm has a market cap of $202.89 billion, a P/E ratio of 32.95, a P/E/G ratio of 1.49 and a beta of 1.19.

General Electric (NYSE:GE) last announced its quarterly earnings results on Tuesday, October 22nd. The conglomerate reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.02. The firm had revenue of $9.84 billion for the quarter, compared to analysts’ expectations of $9.02 billion. General Electric had a return on equity of 18.93% and a net margin of 11.48%. The business’s revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.82 earnings per share. Equities analysts anticipate that General Electric will post 4.23 earnings per share for the current fiscal year.

General Electric Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Friday, December 27th will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 0.60%. The ex-dividend date is Friday, December 27th. General Electric’s payout ratio is 19.68%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Sanford C. Bernstein increased their target price on General Electric from $201.00 to $225.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Royal Bank of Canada cut their price target on General Electric from $210.00 to $200.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. Citigroup raised their price objective on shares of General Electric from $198.00 to $216.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Bank of America upped their target price on shares of General Electric from $180.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Finally, Wells Fargo & Company raised their price target on shares of General Electric from $210.00 to $225.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $201.47.

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.