Haverford Trust Co Grows Holdings in General Electric (NYSE:GE)

Haverford Trust Co raised its position in shares of General Electric (NYSE:GE) by 5.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,343 shares of the conglomerate’s stock after purchasing an additional 631 shares during the quarter. Haverford Trust Co’s holdings in General Electric were worth $2,225,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. Hager Investment Management Services LLC purchased a new position in shares of General Electric during the 4th quarter valued at $27,000. Sugar Maple Asset Management LLC bought a new stake in General Electric during the fourth quarter valued at about $29,000. CBIZ Investment Advisory Services LLC purchased a new position in shares of General Electric in the fourth quarter valued at about $29,000. RPg Family Wealth Advisory LLC bought a new position in shares of General Electric in the third quarter worth about $30,000. Finally, Picton Mahoney Asset Management grew its position in shares of General Electric by 62.4% during the fourth quarter. Picton Mahoney Asset Management now owns 177 shares of the conglomerate’s stock worth $30,000 after purchasing an additional 68 shares in the last quarter. Hedge funds and other institutional investors own 74.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on GE. Redburn Atlantic assumed coverage on General Electric in a report on Tuesday, February 18th. They issued a “buy” rating and a $250.00 price target on the stock. Deutsche Bank Aktiengesellschaft dropped their target price on shares of General Electric from $235.00 to $228.00 and set a “buy” rating for the company in a research report on Thursday, January 2nd. Wells Fargo & Company lifted their price target on shares of General Electric from $225.00 to $250.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Northcoast Research started coverage on shares of General Electric in a report on Tuesday, January 7th. They set a “neutral” rating for the company. Finally, JPMorgan Chase & Co. lifted their target price on General Electric from $190.00 to $210.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. Two equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $211.31.

General Electric Trading Up 3.1 %

GE stock opened at $210.56 on Tuesday. General Electric has a twelve month low of $133.99 and a twelve month high of $212.19. The stock has a market capitalization of $225.99 billion, a price-to-earnings ratio of 35.15, a price-to-earnings-growth ratio of 2.59 and a beta of 1.19. 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 firm’s fifty day simple moving average is $199.41 and its two-hundred day simple moving average is $185.47.

General Electric (NYSE:GE) last issued its quarterly earnings results 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 net margin of 14.31% and a return on equity of 22.19%. As a group, analysts anticipate that General Electric will post 5.4 earnings per share for the current year.

General Electric Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, March 10th will be paid a $0.36 dividend. This is a positive change from General Electric’s previous quarterly dividend of $0.28. The ex-dividend date is Monday, March 10th. This represents a $1.44 dividend on an annualized basis and a yield of 0.68%. General Electric’s dividend payout ratio (DPR) is presently 24.04%.

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.