General Electric (NYSE:GE) Shares Acquired by Cozad Asset Management Inc.

Cozad Asset Management Inc. boosted its position in shares of General Electric (NYSE:GE) by 23.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,738 shares of the conglomerate’s stock after purchasing an additional 333 shares during the period. Cozad Asset Management Inc.’s holdings in General Electric were worth $328,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in GE. Norden Group LLC acquired a new position in shares of General Electric in the 1st quarter valued at approximately $234,000. Highland Capital Management LLC boosted its stake in General Electric by 44.5% during the 1st quarter. Highland Capital Management LLC now owns 9,350 shares of the conglomerate’s stock valued at $1,641,000 after acquiring an additional 2,879 shares during the last quarter. KCM Investment Advisors LLC grew its holdings in General Electric by 6.5% during the 1st quarter. KCM Investment Advisors LLC now owns 4,111 shares of the conglomerate’s stock worth $722,000 after acquiring an additional 251 shares in the last quarter. WealthPLAN Partners LLC grew its holdings in General Electric by 4.2% during the 1st quarter. WealthPLAN Partners LLC now owns 2,608 shares of the conglomerate’s stock worth $458,000 after acquiring an additional 104 shares in the last quarter. Finally, Reynders McVeigh Capital Management LLC bought a new stake in shares of General Electric in the 1st quarter worth about $227,000. 74.77% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other General Electric news, SVP Riccardo Procacci sold 7,000 shares of the business’s stock in a transaction dated 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 sale, the senior vice president now directly owns 13,289 shares in the company, valued at approximately $2,407,036.57. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.66% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on GE shares. Citigroup increased their price target on shares of General Electric from $198.00 to $216.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Wells Fargo & Company lifted their target price on General Electric from $205.00 to $210.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Barclays boosted their price target on General Electric from $175.00 to $200.00 and gave the company an “overweight” rating in a report on Tuesday, July 30th. Melius Research raised their price objective on General Electric from $194.00 to $202.00 in a research note on Tuesday, October 22nd. Finally, StockNews.com lowered shares of General Electric from a “buy” rating to a “hold” rating in a research note on Monday, July 29th. Two investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, General Electric has an average rating of “Moderate Buy” and an average price target of $200.93.

General Electric Price Performance

NYSE GE opened at $184.92 on Friday. The company has a 50-day moving average price of $180.78 and a two-hundred day moving average price of $169.90. General Electric has a 52 week low of $90.34 and a 52 week high of $194.80. The stock has a market cap of $200.13 billion, a price-to-earnings ratio of 32.50, a price-to-earnings-growth ratio of 1.70 and a beta of 1.19. The company has a current ratio of 1.13, a quick ratio of 0.85 and a debt-to-equity ratio of 0.95.

General Electric (NYSE:GE) last issued its quarterly earnings data on Tuesday, October 22nd. The conglomerate reported $1.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.02. The business had revenue of $9.84 billion during the quarter, compared to analyst estimates of $9.02 billion. General Electric had a return on equity of 18.93% and a net margin of 11.48%. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.82 EPS. Analysts forecast that General Electric will post 4.22 EPS for the current year.

General Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Thursday, September 26th were paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date was Thursday, September 26th. General Electric’s dividend payout ratio 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.