20,943 Shares in General Electric (NYSE:GE) Purchased by Vanderbilt University

Vanderbilt University bought a new stake in General Electric (NYSE:GE) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 20,943 shares of the conglomerate’s stock, valued at approximately $3,493,000. General Electric comprises approximately 0.7% of Vanderbilt University’s portfolio, making the stock its 29th biggest position.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Toth Financial Advisory Corp purchased a new stake in General Electric during the third quarter valued at about $25,000. Valley Wealth Managers Inc. purchased a new stake in shares of General Electric during the 3rd quarter valued at approximately $25,000. O Brien Wealth Partners LLC bought a new position in General Electric in the 3rd quarter worth approximately $27,000. Hager Investment Management Services LLC purchased a new position in General Electric in the 4th quarter valued at approximately $27,000. Finally, Peterson Financial Group Inc. bought a new stake in General Electric during the 3rd quarter valued at $28,000. 74.77% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on GE. JPMorgan Chase & Co. lifted their price target on General Electric from $190.00 to $210.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. Citigroup lifted their target price on General Electric from $216.00 to $235.00 and gave the company a “buy” rating in a report on Monday, January 27th. Bank of America increased their price target on shares of General Electric from $200.00 to $225.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Melius Research boosted their price objective on shares of General Electric from $194.00 to $202.00 in a research note on Tuesday, October 22nd. Finally, Northcoast Research began coverage on shares of General Electric in a research note on Tuesday, January 7th. They issued a “neutral” rating on the stock. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $208.73.

Insider Activity

In related news, SVP Russell Stokes sold 15,550 shares of the stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $178.29, for a total transaction of $2,772,409.50. Following the completion of the sale, the senior vice president now directly owns 148,857 shares in the company, valued at $26,539,714.53. This represents a 9.46 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.66% of the stock is owned by corporate insiders.

General Electric Stock Up 1.1 %

GE opened at $204.44 on Thursday. The business’s fifty day simple moving average is $178.24 and its 200 day simple moving average is $177.16. General Electric has a 52 week low of $109.26 and a 52 week high of $207.65. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.88. The stock has a market cap of $221.26 billion, a PE ratio of 34.13, a P/E/G ratio of 2.53 and a beta of 1.21.

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

General Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 27th. Stockholders of record on Friday, December 27th were issued a $0.28 dividend. The ex-dividend date was Friday, December 27th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.55%. General Electric’s payout ratio is 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.