General Electric (NYSE:GE) Shares Purchased by Y.D. More Investments Ltd

Y.D. More Investments Ltd raised its stake in General Electric (NYSE:GE) by 151.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 389 shares of the conglomerate’s stock after buying an additional 234 shares during the quarter. Y.D. More Investments Ltd’s holdings in General Electric were worth $65,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Jackson Wealth Management LLC grew its position in General Electric by 92.0% in the 4th quarter. Jackson Wealth Management LLC now owns 3,033 shares of the conglomerate’s stock valued at $506,000 after acquiring an additional 1,453 shares in the last quarter. Weaver Capital Management LLC boosted its stake in shares of General Electric by 13.2% in the fourth quarter. Weaver Capital Management LLC now owns 6,700 shares of the conglomerate’s stock valued at $1,117,000 after purchasing an additional 782 shares during the period. Hager Investment Management Services LLC acquired a new position in shares of General Electric in the fourth quarter valued at approximately $27,000. Stratos Wealth Advisors LLC increased its stake in General Electric by 6.0% during the 4th quarter. Stratos Wealth Advisors LLC now owns 4,929 shares of the conglomerate’s stock worth $822,000 after buying an additional 277 shares during the period. Finally, Sargent Investment Group LLC lifted its holdings in General Electric by 6.6% during the 4th quarter. Sargent Investment Group LLC now owns 15,588 shares of the conglomerate’s stock worth $2,674,000 after buying an additional 961 shares in the last quarter. Hedge funds and other institutional investors own 74.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on GE. Sanford C. Bernstein lifted their target price on General Electric from $201.00 to $225.00 and gave the company an “outperform” rating in a report on Monday, October 14th. JPMorgan Chase & Co. lifted their price objective on General Electric from $190.00 to $210.00 and gave the company an “overweight” 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 set a “neutral” rating on the stock. 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. Finally, Citigroup boosted their price target 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 equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $208.73.

Insider Activity at General Electric

In related news, SVP Russell Stokes sold 15,550 shares of General Electric 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 completion of 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 filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.66% of the company’s stock.

General Electric Stock Up 1.1 %

Shares of NYSE GE opened at $204.44 on Thursday. The firm’s 50 day moving average price is $178.24 and its 200 day moving average price is $177.16. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 1.09. The firm has a market cap of $221.26 billion, a P/E ratio of 34.13, a price-to-earnings-growth ratio of 2.53 and a beta of 1.21. General Electric has a 1 year low of $109.26 and a 1 year high of $207.65.

General Electric (NYSE:GE) last issued its earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share for the quarter, topping 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, sell-side analysts anticipate that General Electric will post 5.39 earnings per share for the current year.

General Electric Dividend Announcement

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