Loomis Sayles & Co. L P Has $231,000 Stock Position in General Electric (NYSE:GE)

Loomis Sayles & Co. L P decreased its position in General Electric (NYSE:GE) by 64.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,224 shares of the conglomerate’s stock after selling 2,197 shares during the period. Loomis Sayles & Co. L P’s holdings in General Electric were worth $231,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. DRW Securities LLC grew its holdings in shares of General Electric by 480.0% in the 3rd quarter. DRW Securities LLC now owns 14,054 shares of the conglomerate’s stock valued at $2,586,000 after buying an additional 11,631 shares during the period. Bedell Frazier Investment Counselling LLC bought a new stake in General Electric in the 3rd quarter valued at $209,000. Independent Advisor Alliance lifted its position in General Electric by 23.2% in the 3rd quarter. Independent Advisor Alliance now owns 22,943 shares of the conglomerate’s stock valued at $4,326,000 after acquiring an additional 4,320 shares in the last quarter. Harvest Fund Management Co. Ltd lifted its position in General Electric by 51.2% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 25,743 shares of the conglomerate’s stock valued at $4,853,000 after acquiring an additional 8,718 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in General Electric in the 3rd quarter valued at $618,000. Institutional investors and hedge funds own 74.77% of the company’s stock.

Insider Activity at General Electric

In other General Electric news, SVP Riccardo Procacci sold 7,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $181.13, for a total transaction of $1,267,910.00. Following the transaction, the senior vice president now owns 13,289 shares in the company, valued at $2,407,036.57. This represents a 34.50 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Russell Stokes sold 15,550 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $178.29, for a total transaction of $2,772,409.50. Following the transaction, the senior vice president now owns 148,857 shares in the company, 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 owned by company insiders.

Analyst Upgrades and Downgrades

GE has been the topic of several research reports. Wells Fargo & Company boosted their price objective on shares of General Electric from $205.00 to $210.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of General Electric from $212.00 to $235.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. UBS Group boosted their price objective on shares of General Electric from $223.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Sanford C. Bernstein boosted their price target 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. Finally, Bank of America boosted their price target on shares of General Electric from $180.00 to $200.00 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’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $200.93.

General Electric Stock Down 2.2 %

General Electric stock opened at $180.60 on Friday. The firm has a market capitalization of $195.46 billion, a PE ratio of 31.74, a P/E/G ratio of 1.77 and a beta of 1.19. The company’s 50-day moving average is $183.12 and its 200-day moving average is $171.50. General Electric has a fifty-two week low of $94.54 and a fifty-two week high of $194.80. 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 (NYSE:GE) last announced its quarterly earnings results on Tuesday, October 22nd. The conglomerate reported $1.15 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.02. General Electric had a net margin of 11.48% and a return on equity of 18.93%. The business had revenue of $9.84 billion for the quarter, compared to analyst estimates of $9.02 billion. During the same quarter in the prior year, the business earned $0.82 EPS. General Electric’s quarterly revenue was up 5.8% on a year-over-year basis. Sell-side analysts anticipate that General Electric will post 4.24 earnings per share for the current year.

General Electric Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Thursday, September 26th were paid a $0.28 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $1.12 dividend on an annualized basis and a yield of 0.62%. General Electric’s dividend payout ratio (DPR) is currently 19.68%.

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.