General Electric (NYSE:GE) Position Boosted by Vestor Capital LLC

Vestor Capital LLC raised its holdings in shares of General Electric (NYSE:GE) by 11.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,203 shares of the conglomerate’s stock after acquiring an additional 225 shares during the period. Vestor Capital LLC’s holdings in General Electric were worth $415,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Studio Investment Management LLC boosted its holdings in shares of General Electric by 97.5% in the second quarter. Studio Investment Management LLC now owns 158 shares of the conglomerate’s stock valued at $25,000 after acquiring an additional 78 shares in the last quarter. Toth Financial Advisory Corp bought a new position in General Electric during the 3rd quarter valued at $25,000. O Brien Wealth Partners LLC bought a new position in General Electric during the 3rd quarter valued at $27,000. MFA Wealth Advisors LLC acquired a new position in shares of General Electric during the 2nd quarter valued at $31,000. Finally, Financial Connections Group Inc. bought a new stake in shares of General Electric in the 2nd quarter worth $32,000. Institutional investors and hedge funds own 74.77% of the company’s stock.

General Electric Price Performance

Shares of GE opened at $172.49 on Monday. The business’s 50-day moving average is $180.20 and its 200-day moving average is $169.19. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.13 and a quick ratio of 0.85. The company has a market capitalization of $186.68 billion, a price-to-earnings ratio of 30.18, a P/E/G ratio of 1.70 and a beta of 1.19. General Electric has a fifty-two week low of $86.83 and a fifty-two week high of $194.80.

General Electric (NYSE:GE) last released its earnings results 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 company had revenue of $9.84 billion during the quarter, compared to the consensus estimate of $9.02 billion. General Electric had a net margin of 11.48% and a return on equity of 18.93%. The company’s revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.82 EPS. Equities research analysts expect that General Electric will post 4.22 EPS for the current fiscal year.

General Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Thursday, September 26th were given a dividend of $0.28 per share. The ex-dividend date was Thursday, September 26th. This represents a $1.12 dividend on an annualized basis and a yield of 0.65%. General Electric’s payout ratio is 19.68%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on GE. Deutsche Bank Aktiengesellschaft raised their target price on General Electric from $212.00 to $235.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Royal Bank of Canada lowered their price objective on shares of General Electric from $210.00 to $200.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd. Citigroup increased their target price on shares of General Electric from $198.00 to $216.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Bank of America lifted their price target on shares of General Electric from $180.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Finally, StockNews.com cut General Electric from a “buy” rating to a “hold” rating in a report on Monday, July 29th. Two investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $200.93.

General Electric Company 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.