1,205 Shares in General Electric (NYSE:GE) Purchased by Disciplined Investments LLC

Disciplined Investments LLC bought a new position in shares of General Electric (NYSE:GE) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,205 shares of the conglomerate’s stock, valued at approximately $201,000.

Several other large investors have also recently added to or reduced their stakes in GE. Valley Wealth Managers Inc. purchased a new position in General Electric during the third quarter worth about $25,000. Hager Investment Management Services LLC purchased a new position in shares of General Electric in the 4th quarter worth about $27,000. Peterson Financial Group Inc. purchased a new position in shares of General Electric in the 3rd quarter worth about $28,000. Sugar Maple Asset Management LLC purchased a new position in shares of General Electric in the 4th quarter worth about $29,000. Finally, RPg Family Wealth Advisory LLC purchased a new position in shares of General Electric in the 3rd quarter worth about $30,000. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on GE shares. Bank of America raised their price objective on General Electric from $200.00 to $225.00 and gave the stock a “buy” rating in a report on Monday, January 27th. UBS Group raised their price objective on General Electric from $215.00 to $235.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Redburn Atlantic started coverage on General Electric in a report on Tuesday, February 18th. They issued a “buy” rating and a $250.00 price objective on the stock. Royal Bank of Canada restated an “outperform” rating and issued a $200.00 price objective on shares of General Electric in a report on Wednesday, January 22nd. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on General Electric from $235.00 to $228.00 and set a “buy” rating on the stock in a report on Thursday, January 2nd. Three analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $211.31.

General Electric Price Performance

Shares of NYSE GE opened at $201.91 on Tuesday. The firm has a market cap of $216.71 billion, a PE ratio of 33.71, a price-to-earnings-growth ratio of 2.59 and a beta of 1.22. The business has a 50 day moving average price of $190.89 and a two-hundred day moving average price of $182.42. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.88. General Electric has a fifty-two week low of $125.26 and a fifty-two week high of $212.19.

General Electric (NYSE:GE) last issued its earnings results on Thursday, January 23rd. The conglomerate reported $1.32 EPS 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%. Sell-side analysts expect that General Electric will post 5.4 earnings per share for the current fiscal year.

General Electric Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, March 10th will be given a $0.36 dividend. This is a positive change from General Electric’s previous quarterly dividend of $0.28. This represents a $1.44 annualized dividend and a dividend yield of 0.71%. 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.