Lincoln National Corp Decreases Holdings in General Electric (NYSE:GE)

Lincoln National Corp lowered its position in General Electric (NYSE:GE – Get Rating) by 4.0% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 19,151 shares of the conglomerate’s stock after selling 789 shares during the quarter. Lincoln National Corp’s holdings in General Electric were worth $1,186,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in GE. Sei Investments Co. increased its holdings in General Electric by 10.0% in the 1st quarter. Sei Investments Co. now owns 305,384 shares of the conglomerate’s stock worth $27,925,000 after acquiring an additional 27,682 shares during the last quarter. Prudential PLC purchased a new stake in General Electric in the 1st quarter worth about $1,518,000. Sequoia Financial Advisors LLC increased its holdings in General Electric by 2.9% in the 1st quarter. Sequoia Financial Advisors LLC now owns 11,748 shares of the conglomerate’s stock worth $1,075,000 after acquiring an additional 334 shares during the last quarter. Merit Financial Group LLC purchased a new stake in General Electric in the 1st quarter worth about $388,000. Finally, West Family Investments Inc. purchased a new stake in General Electric in the 1st quarter worth about $230,000. Hedge funds and other institutional investors own 70.12% of the company’s stock.

General Electric Stock Up 1.2 %

Shares of General Electric stock opened at $80.70 on Wednesday. The company has a quick ratio of 0.78, a current ratio of 1.10 and a debt-to-equity ratio of 0.80. The business’s 50 day simple moving average is $81.74 and its two-hundred day simple moving average is $75.62. General Electric has a one year low of $46.55 and a one year high of $81.18.

General Electric (NYSE:GE – Get Rating) last posted its earnings results on Tuesday, January 24th. The conglomerate reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.08. General Electric had a positive return on equity of 7.20% and a negative net margin of 7.78%. The firm had revenue of $21.79 billion for the quarter, compared to analysts’ expectations of $22.11 billion. During the same period in the previous year, the firm earned $0.92 earnings per share. The business’s revenue was up 7.3% compared to the same quarter last year. Analysts anticipate that General Electric will post 2.51 EPS for the current year.

General Electric Announces Dividend

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

Analysts Set New Price Targets

Several research analysts have commented on GE shares. Deutsche Bank Aktiengesellschaft raised their target price on General Electric from $89.00 to $94.00 in a research note on Monday, December 5th. Wells Fargo & Company lifted their price target on General Electric from $72.00 to $82.00 and gave the company an “equal weight” rating in a research report on Thursday, January 19th. Barclays dropped their price target on General Electric from $96.00 to $81.00 and set an “overweight” rating for the company in a research report on Thursday, January 5th. Morgan Stanley dropped their price target on General Electric from $88.00 to $85.00 and set an “overweight” rating for the company in a research report on Monday. Finally, Bank of America dropped their price target on General Electric from $105.00 to $85.00 in a research report on Monday, January 9th. One research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $90.17.

About General Electric

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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.