Capital Asset Advisory Services LLC Buys 175 Shares of General Electric (NYSE:GE)

Capital Asset Advisory Services LLC increased its stake in General Electric (NYSE:GE) by 8.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,291 shares of the conglomerate’s stock after purchasing an additional 175 shares during the period. Capital Asset Advisory Services LLC’s holdings in General Electric were worth $402,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of GE. Walker Asset Management LLC raised its holdings in shares of General Electric by 1.7% during the 1st quarter. Walker Asset Management LLC now owns 4,111 shares of the conglomerate’s stock valued at $722,000 after buying an additional 70 shares in the last quarter. Great Valley Advisor Group Inc. boosted its stake in shares of General Electric by 1.7% in the 4th quarter. Great Valley Advisor Group Inc. now owns 4,316 shares of the conglomerate’s stock valued at $550,000 after purchasing an additional 74 shares in the last quarter. Checchi Capital Advisers LLC grew its holdings in shares of General Electric by 1.2% during the 4th quarter. Checchi Capital Advisers LLC now owns 6,377 shares of the conglomerate’s stock valued at $814,000 after purchasing an additional 75 shares during the last quarter. Forte Capital LLC ADV raised its position in General Electric by 2.1% in the 4th quarter. Forte Capital LLC ADV now owns 4,067 shares of the conglomerate’s stock worth $519,000 after purchasing an additional 83 shares during the period. Finally, Atlas Brown Inc. lifted its stake in General Electric by 1.0% in the fourth quarter. Atlas Brown Inc. now owns 8,322 shares of the conglomerate’s stock worth $1,062,000 after purchasing an additional 85 shares during the last quarter. Institutional investors and hedge funds own 74.77% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Russell Stokes sold 45,309 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $162.82, for a total transaction of $7,377,211.38. Following the completion of the transaction, the senior vice president now owns 112,958 shares of the company’s stock, valued at approximately $18,391,821.56. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.66% of the company’s stock.

Wall Street Analysts Forecast Growth

GE has been the topic of several analyst reports. Wells Fargo & Company lifted their price objective on General Electric from $165.00 to $192.00 and gave the stock an “overweight” rating in a report on Monday, April 29th. UBS Group lifted their price target on General Electric from $191.00 to $201.00 and gave the stock a “buy” rating in a research note on Thursday, May 23rd. Argus increased their price objective on General Electric from $170.00 to $180.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. TD Cowen upgraded shares of General Electric from a “hold” rating to a “buy” rating and raised their target price for the stock from $175.00 to $180.00 in a report on Tuesday, April 9th. Finally, Bank of America upped their price target on shares of General Electric from $165.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Two 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 stock has an average rating of “Moderate Buy” and a consensus price target of $177.60.

General Electric Stock Down 0.9 %

General Electric stock traded down $1.49 during trading hours on Friday, hitting $159.01. 8,640,715 shares of the stock traded hands, compared to its average volume of 7,348,133. General Electric has a one year low of $84.42 and a one year high of $170.80. The firm’s 50-day moving average price is $162.36 and its two-hundred day moving average price is $151.17. The company has a current ratio of 1.17, a quick ratio of 0.82 and a debt-to-equity ratio of 0.63. The company has a market cap of $174.05 billion, a PE ratio of 52.13, a PEG ratio of 1.71 and a beta of 1.23.

General Electric (NYSE:GE) last released its quarterly earnings results on Tuesday, April 23rd. The conglomerate reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.17. The company had revenue of $16.10 billion for the quarter, compared to analyst estimates of $15.25 billion. General Electric had a return on equity of 12.54% and a net margin of 5.05%. The firm’s revenue was up 11.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.27 earnings per share. On average, research analysts forecast that General Electric will post 3.99 EPS for the current year.

General Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 25th. Investors of record on Thursday, July 11th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 0.70%. The ex-dividend date of this dividend is Thursday, July 11th. General Electric’s payout ratio is currently 36.72%.

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.