Eudaimonia Partners LLC Sells 13,008 Shares of General Electric (NYSE:GE)

Eudaimonia Partners LLC reduced its holdings in General Electric (NYSE:GE – Get Rating) by 68.0% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 6,122 shares of the conglomerate’s stock after selling 13,008 shares during the period. Eudaimonia Partners LLC’s holdings in General Electric were worth $379,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Sei Investments Co. increased its position in shares of General Electric by 10.0% during the first quarter. Sei Investments Co. now owns 305,384 shares of the conglomerate’s stock valued at $27,925,000 after purchasing an additional 27,682 shares during the period. Prudential PLC bought a new stake in shares of General Electric during the first quarter valued at approximately $1,518,000. Sequoia Financial Advisors LLC increased its position in shares of General Electric by 2.9% during the first quarter. Sequoia Financial Advisors LLC now owns 11,748 shares of the conglomerate’s stock valued at $1,075,000 after purchasing an additional 334 shares during the period. Merit Financial Group LLC bought a new stake in shares of General Electric during the first quarter valued at approximately $388,000. Finally, West Family Investments Inc. bought a new stake in shares of General Electric during the first quarter valued at approximately $230,000. 70.12% of the stock is owned by institutional investors.

General Electric Trading Up 2.7 %

NYSE GE opened at $79.77 on Tuesday. The stock has a 50-day simple moving average of $81.87 and a 200 day simple moving average of $75.50. The company has a market capitalization of $87.16 billion, a PE ratio of -14.42, a P/E/G ratio of 2.89 and a beta of 1.21. The company has a current ratio of 1.10, a quick ratio of 0.78 and a debt-to-equity ratio of 0.80. General Electric has a 12 month low of $46.55 and a 12 month high of $81.18.

General Electric (NYSE:GE – Get Rating) last posted its quarterly earnings data on Tuesday, October 25th. The conglomerate reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.12). The firm had revenue of $19.08 billion for the quarter, compared to the consensus estimate of $18.77 billion. General Electric had a positive return on equity of 7.20% and a negative net margin of 7.78%. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.57 earnings per share. Research analysts forecast that General Electric will post 2.51 EPS for the current year.

General Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 25th. Investors of record on Thursday, December 15th will be issued a dividend of $0.08 per share. The ex-dividend date is Wednesday, December 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.40%. General Electric’s payout ratio is presently -5.79%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on GE. Oppenheimer raised General Electric from a “market perform” rating to an “outperform” rating and set a $104.00 price target on the stock in a research note on Tuesday, December 6th. Deutsche Bank Aktiengesellschaft boosted their price objective on General Electric from $89.00 to $94.00 in a research note on Monday, December 5th. Royal Bank of Canada boosted their price objective on General Electric from $93.00 to $98.00 and gave the stock an “outperform” rating in a research note on Friday, December 9th. Wells Fargo & Company boosted their price objective on General Electric from $72.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 19th. Finally, StockNews.com raised General Electric from a “hold” rating to a “buy” rating in a research note on Saturday, January 14th. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $90.17.

General Electric Company Profile

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General Electric Co is a high-tech industrial company. the firm operates through the following segments: Aviation, Healthcare, Renewable Energy, and Power. The Aviation segment designs and produces commercial and military aircraft engines, integrated engine components, electric power and mechanical aircraft systems.