Diversified Trust Co Increases Holdings in General Electric

Diversified Trust Co has increased its ownership stake in General Electric (NYSE:GE) by 32.1% in the fourth quarter, as revealed in their latest filing with the Securities and Exchange Commission. After acquiring an additional 6,729 shares during this period, the institutional investor now holds a total of 27,689 shares of General Electric. At the end of the reporting period, these shares were valued at approximately $4,618,000.

Recent Changes in Institutional Holdings

In addition to Diversified Trust Co, other institutional investors have also adjusted their stakes in General Electric. Newport Trust Company LLC entered the picture with a significant investment, acquiring a new position valued at around $2.61 billion during the second quarter. Jennison Associates LLC has notably increased its position by 91.8% in the third quarter, now owning 7,771,759 shares, which is worth about $1.47 billion after buying an extra 3,719,894 shares.

Furthermore, Massachusetts Financial Services Co. made a new investment worth $580.2 million in the second quarter. International Assets Investment Management LLC experienced a massive increase in their stake, growing it by a remarkable 21,069.8% during the third quarter, bringing their total to 3,173,142 shares valued at $598.39 million after acquiring 3,158,153 shares. Wulff Hansen & Co. also significantly boosted its ownership by 18,693.9% during the second quarter, now holding 1,614,022 shares worth approximately $256.58 million. Overall, institutional investors own about 74.77% of General Electric's stock.

General Electric Stock Performance

On Tuesday, NYSE GE saw a slight decline of $0.03 in its share price, trading at $172.42. The volume of shares exchanged was 1,412,424, which is below the average of 3,586,974 shares. General Electric currently has a market capitalization of $186.61 billion, a PE ratio of 30.30, and a PEG ratio of 1.63. The company maintains a current ratio of 1.13, a quick ratio of 0.85, and a debt-to-equity ratio of 0.95. Over the past year, the stock has reached a low of $99.37 and a high of $194.80, with a 50-day moving average at $174.39 and a 200-day moving average at $173.23.

Quarterly Earnings Results

General Electric recently reported its quarterly earnings on October 22, revealing an EPS of $1.15, exceeding analysts' estimates of $1.13 by $0.02. The company achieved a return on equity of 18.93% and a net margin of 11.48%, with revenues totaling $9.84 billion—significantly higher than the consensus estimate of $9.02 billion. Compared to the same quarter the previous year, this represented an increase in revenue of 5.8%. Analysts anticipate that General Electric will report an EPS of 4.24 for the current financial year.

Dividend Announcements

General Electric has announced a quarterly dividend set to be paid on January 27, with a record date of December 27. The dividend will be $0.28 per share, translating to an annualized rate of $1.12, yielding 0.65%. The ex-dividend date is also December 27, and the current dividend payout ratio stands at 19.68%.

Insider Transactions

In related news, Senior Vice President Russell Stokes sold 15,550 shares on November 18 at an average price of $178.29, totaling approximately $2.77 million. After this transaction, he retains 148,857 shares valued at about $26.54 million, indicating a 9.46% reduction in his stake. Another SVP, Riccardo Procacci, sold 7,000 shares on November 6 for about $1.27 million. His current ownership stands at 13,289 shares valued at approximately $2.41 million, reflecting a 34.50% decrease in his holdings. Company insiders hold about 0.66% of the stock at present.

Analyst Ratings Updates

Recent reports from research firms include a downgrade from Royal Bank of Canada, which lowered its price target for General Electric from $210 to $200, maintaining an "outperform" rating. Melius Research raised its price target from $194 to $202. Citigroup increased its target significantly from $198 to $216, affirming a "buy" rating. Wells Fargo & Company upped its price target from $210 to $225, categorizing the stock with an "overweight" rating. Similarly, Sanford C. Bernstein raised its price target from $201 to $225, recommending a buy. Currently, three analysts have rated the stock as a hold, while fourteen have given it a buy rating. The consensus rating is "Moderate Buy" with an average price target of $201.47.

About General Electric

General Electric Company operates as GE Aerospace, specializing in the design and production of commercial and defense aircraft engines, integrated engine components, and mechanical aircraft systems, as well as providing aftermarket services. The company operates globally, serving markets in the United States, Europe, Asia, the Americas, and the Middle East.

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