1,769 Shares in General Electric (NYSE:GE) Acquired by Little House Capital LLC

Little House Capital LLC bought a new stake in shares of General Electric (NYSE:GE) during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 1,769 shares of the conglomerate’s stock, valued at approximately $311,000.

Other hedge funds also recently bought and sold shares of the company. Halpern Financial Inc. raised its holdings in General Electric by 968.4% in the 4th quarter. Halpern Financial Inc. now owns 203 shares of the conglomerate’s stock valued at $25,000 after acquiring an additional 184 shares during the last quarter. Criterion Capital Advisors LLC acquired a new position in General Electric in the fourth quarter valued at $27,000. CGC Financial Services LLC increased its stake in General Electric by 90.2% in the fourth quarter. CGC Financial Services LLC now owns 232 shares of the conglomerate’s stock valued at $30,000 after purchasing an additional 110 shares during the last quarter. Capital Analysts LLC lifted its position in General Electric by 55.8% during the fourth quarter. Capital Analysts LLC now owns 243 shares of the conglomerate’s stock worth $31,000 after buying an additional 87 shares during the period. Finally, Bfsg LLC acquired a new stake in General Electric in the 4th quarter worth about $32,000. Hedge funds and other institutional investors own 74.77% of the company’s stock.

General Electric Stock Up 0.1 %

GE stock traded up $0.14 during trading on Monday, reaching $159.11. The stock had a trading volume of 3,050,321 shares, compared to its average volume of 7,313,754. The firm has a fifty day moving average price of $162.36 and a 200 day moving average price of $151.59. 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 capitalization of $174.16 billion, a P/E ratio of 51.20, a PEG ratio of 1.69 and a beta of 1.22. General Electric has a 1-year low of $84.42 and a 1-year high of $170.80.

General Electric (NYSE:GE) last issued its quarterly earnings results on Tuesday, April 23rd. The conglomerate reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.17. General Electric had a return on equity of 12.54% and a net margin of 5.05%. The firm had revenue of $16.10 billion during the quarter, compared to the consensus estimate of $15.25 billion. During the same quarter in the prior year, the business posted $0.27 earnings per share. General Electric’s revenue for the quarter was up 11.1% on a year-over-year basis. On average, equities analysts anticipate that General Electric will post 4 earnings per share for the current year.

General Electric Dividend Announcement

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

Insider Buying and Selling at General Electric

In related 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 value 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 $18,391,821.56. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.66% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on GE. Bank of America increased their price objective on shares of General Electric from $165.00 to $180.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. TD Cowen upgraded shares of General Electric from a “hold” rating to a “buy” rating and lifted their price target for the company from $175.00 to $180.00 in a report on Tuesday, April 9th. Wells Fargo & Company upped 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. JPMorgan Chase & Co. lifted their target price on General Electric from $148.00 to $175.00 and gave the company an “overweight” rating in a report on Monday, May 13th. Finally, Citigroup upped their price target on General Electric from $120.43 to $186.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. Two analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $181.93.

General Electric Company 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.