Weaver Capital Management LLC Purchases 782 Shares of General Electric (NYSE:GE)

Weaver Capital Management LLC raised its position in shares of General Electric (NYSE:GE) by 13.2% in the fourth quarter, Holdings Channel reports. The firm owned 6,700 shares of the conglomerate’s stock after acquiring an additional 782 shares during the quarter. Weaver Capital Management LLC’s holdings in General Electric were worth $1,117,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Hager Investment Management Services LLC bought a new stake in General Electric during the 4th quarter valued at about $27,000. Stratos Wealth Advisors LLC grew its stake in shares of General Electric by 6.0% in the fourth quarter. Stratos Wealth Advisors LLC now owns 4,929 shares of the conglomerate’s stock worth $822,000 after acquiring an additional 277 shares during the period. Sargent Investment Group LLC grew its stake in shares of General Electric by 6.6% in the fourth quarter. Sargent Investment Group LLC now owns 15,588 shares of the conglomerate’s stock worth $2,674,000 after acquiring an additional 961 shares during the period. Old North State Wealth Management LLC grew its stake in shares of General Electric by 3.0% in the fourth quarter. Old North State Wealth Management LLC now owns 1,981 shares of the conglomerate’s stock worth $331,000 after acquiring an additional 58 shares during the period. Finally, 1858 Wealth Management LLC grew its stake in shares of General Electric by 19.8% in the fourth quarter. 1858 Wealth Management LLC now owns 9,268 shares of the conglomerate’s stock worth $1,546,000 after acquiring an additional 1,529 shares during the period. 74.77% of the stock is currently owned by institutional investors.

Insider Activity

In related news, SVP Russell Stokes sold 15,550 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $178.29, for a total value of $2,772,409.50. Following the sale, the senior vice president now owns 148,857 shares in the company, valued at approximately $26,539,714.53. The trade was a 9.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on GE shares. UBS Group lifted their price target on shares of General Electric from $215.00 to $235.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. Northcoast Research started coverage on shares of General Electric in a research note on Tuesday, January 7th. They issued a “neutral” rating for the company. Sanford C. Bernstein lifted their price target on shares of General Electric from $201.00 to $225.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 price target on shares of General Electric in a research note on Wednesday, January 22nd. Finally, Citigroup raised their price objective on shares of General Electric from $216.00 to $235.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $208.73.

General Electric Price Performance

Shares of NYSE:GE opened at $202.19 on Wednesday. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81. General Electric has a 1-year low of $108.60 and a 1-year high of $207.65. The company has a market capitalization of $218.83 billion, a P/E ratio of 33.75, a P/E/G ratio of 2.53 and a beta of 1.21. The firm’s 50 day simple moving average is $177.89 and its two-hundred day simple moving average is $176.86.

General Electric (NYSE:GE) last issued its quarterly earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.27. General Electric had a net margin of 14.31% and a return on equity of 22.19%. Research analysts expect that General Electric will post 5.39 EPS for the current fiscal year.

General Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 27th. Stockholders of record on Friday, December 27th were given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 0.55%. The ex-dividend date of this dividend was Friday, December 27th. General Electric’s payout ratio is currently 18.70%.

About General Electric

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.