Calamos Advisors LLC Sells 2,691 Shares of General Electric (NYSE:GE)

Calamos Advisors LLC decreased its holdings in shares of General Electric (NYSE:GE) by 0.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 340,968 shares of the conglomerate’s stock after selling 2,691 shares during the quarter. Calamos Advisors LLC’s holdings in General Electric were worth $43,518,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Prime Capital Investment Advisors LLC increased its holdings in shares of General Electric by 29.3% in the fourth quarter. Prime Capital Investment Advisors LLC now owns 28,311 shares of the conglomerate’s stock worth $3,613,000 after purchasing an additional 6,419 shares during the period. Fifth Third Bancorp boosted its position in General Electric by 12.5% during the fourth quarter. Fifth Third Bancorp now owns 261,187 shares of the conglomerate’s stock valued at $33,335,000 after buying an additional 28,985 shares during the period. O Shaughnessy Asset Management LLC boosted its position in General Electric by 10.9% during the third quarter. O Shaughnessy Asset Management LLC now owns 109,332 shares of the conglomerate’s stock valued at $12,087,000 after buying an additional 10,722 shares during the period. Hoey Investments Inc. boosted its position in General Electric by 51,152.3% during the third quarter. Hoey Investments Inc. now owns 22,551 shares of the conglomerate’s stock valued at $2,493,000 after buying an additional 22,507 shares during the period. Finally, Qsemble Capital Management LP purchased a new stake in General Electric during the third quarter valued at about $1,846,000. Institutional investors own 74.77% of the company’s stock.

Insider Activity

In other news, SVP Michael J. Holston sold 22,055 shares of the business’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $144.87, for a total value of $3,195,107.85. Following the completion of the transaction, the senior vice president now owns 56,284 shares of the company’s stock, valued at approximately $8,153,863.08. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other General Electric news, SVP Michael J. Holston sold 13,601 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $135.55, for a total transaction of $1,843,615.55. Following the completion of the sale, the senior vice president now directly owns 48,339 shares in the company, valued at approximately $6,552,351.45. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Michael J. Holston sold 22,055 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $144.87, for a total value of $3,195,107.85. Following the sale, the senior vice president now owns 56,284 shares of the company’s stock, valued at $8,153,863.08. The disclosure for this sale can be found here. Insiders own 0.66% of the company’s stock.

General Electric Stock Down 1.7 %

Shares of NYSE:GE traded down $2.72 on Thursday, reaching $152.95. The company had a trading volume of 6,178,391 shares, compared to its average volume of 7,980,855. General Electric has a 52-week low of $76.87 and a 52-week high of $158.68. The firm’s 50 day simple moving average is $158.87 and its 200-day simple moving average is $133.96. The company has a current ratio of 1.18, a quick ratio of 0.85 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $167.22 billion, a PE ratio of 18.42, a PEG ratio of 3.07 and a beta of 1.29.

General Electric (NYSE:GE) last issued its quarterly earnings results on Tuesday, January 23rd. The conglomerate reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.13. General Electric had a return on equity of 10.88% and a net margin of 13.95%. The company had revenue of $19.42 billion during the quarter, compared to analysts’ expectations of $17.27 billion. During the same quarter in the previous year, the firm posted $1.24 EPS. The firm’s revenue was up 15.4% compared to the same quarter last year. As a group, analysts expect that General Electric will post 3.78 earnings per share for the current fiscal year.

General Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 25th. Stockholders of record on Monday, April 15th will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 0.73%. The ex-dividend date is Friday, April 12th. This is a boost from General Electric’s previous quarterly dividend of $0.08. General Electric’s payout ratio is 13.38%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. The Goldman Sachs Group assumed coverage on shares of General Electric in a research report on Tuesday, April 9th. They set a “buy” rating and a $190.00 price target for the company. Barclays dropped their target price on shares of General Electric from $181.00 to $175.00 and set an “overweight” rating for the company in a report on Wednesday, April 3rd. Jefferies Financial Group dropped their target price on shares of General Electric from $195.00 to $180.00 and set a “buy” rating for the company in a report on Wednesday, April 10th. JPMorgan Chase & Co. dropped their target price on shares of General Electric from $180.00 to $148.00 and set an “overweight” rating for the company in a report on Tuesday, April 2nd. Finally, StockNews.com started coverage on shares of General Electric in a report on Saturday, April 13th. They set a “hold” rating for the company. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $160.07.

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.