Courage Miller Partners LLC Buys Shares of 2,180 General Electric (NYSE:GE)

Courage Miller Partners LLC bought a new stake in shares of General Electric (NYSE:GE) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 2,180 shares of the conglomerate’s stock, valued at approximately $383,000.

Other large investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of General Electric in the 4th quarter worth approximately $1,193,159,000. WCM Investment Management LLC acquired a new position in shares of General Electric in the 4th quarter worth approximately $520,488,000. Lone Pine Capital LLC acquired a new position in shares of General Electric in the 4th quarter worth approximately $268,519,000. Brown Advisory Inc. boosted its holdings in shares of General Electric by 62.3% in the fourth quarter. Brown Advisory Inc. now owns 4,881,752 shares of the conglomerate’s stock worth $623,058,000 after buying an additional 1,873,327 shares during the period. Finally, International Assets Investment Management LLC boosted its holdings in shares of General Electric by 11,947.8% in the fourth quarter. International Assets Investment Management LLC now owns 1,576,570 shares of the conglomerate’s stock worth $201,218,000 after buying an additional 1,563,484 shares during the period. Institutional investors and hedge funds own 74.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on GE shares. Citigroup raised their price target on shares of General Electric from $120.43 to $186.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. StockNews.com started coverage on shares of General Electric in a report on Monday, April 29th. They set a “hold” rating for the company. Oppenheimer restated a “market perform” rating on shares of General Electric in a report on Tuesday, March 5th. Barclays decreased their price target on shares of General Electric from $181.00 to $175.00 and set an “overweight” rating for the company in a report on Wednesday, April 3rd. Finally, Vertical Research started coverage on shares of General Electric in a report on Thursday, April 4th. They set a “buy” rating and a $160.00 price target for the company. Two research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $177.60.

Insider Activity

In other General Electric news, SVP Russell Stokes sold 45,309 shares of the business’s stock in a transaction dated 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 sale, the senior vice president now directly owns 112,958 shares of the company’s stock, valued at approximately $18,391,821.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.66% of the stock is currently owned by insiders.

General Electric Price Performance

GE stock traded down $1.70 during trading on Friday, hitting $158.80. The company had a trading volume of 1,962,087 shares, compared to its average volume of 7,294,274. The company has a fifty day moving average price of $161.99 and a two-hundred day moving average price of $150.84. General Electric has a fifty-two week low of $84.42 and a fifty-two week high of $170.80. The company has a market cap of $173.82 billion, a P/E ratio of 52.24, a P/E/G ratio of 1.71 and a beta of 1.23. The company has a current ratio of 1.17, a quick ratio of 0.82 and a debt-to-equity ratio of 0.63.

General Electric (NYSE:GE) last announced its earnings results on Tuesday, April 23rd. The conglomerate reported $0.82 EPS for the quarter, topping the consensus estimate of $0.65 by $0.17. General Electric had a return on equity of 12.54% and a net margin of 5.05%. The business had revenue of $16.10 billion for the quarter, compared to the consensus estimate of $15.25 billion. During the same period in the previous year, the business earned $0.27 EPS. General Electric’s revenue was up 11.1% compared to the same quarter last year. Equities research analysts expect that General Electric will post 3.99 earnings per share for the current fiscal year.

General Electric Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 25th. Stockholders of record on Thursday, July 11th will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, July 11th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.71%. General Electric’s payout ratio is currently 36.72%.

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.