Signature Wealth Management Partners LLC Has $433,000 Holdings in General Electric (NYSE:GE)

Signature Wealth Management Partners LLC increased its position in shares of General Electric (NYSE:GE) by 5.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,724 shares of the conglomerate’s stock after acquiring an additional 129 shares during the quarter. Signature Wealth Management Partners LLC’s holdings in General Electric were worth $433,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Capital World Investors increased its stake in General Electric by 2,818.1% in the 1st quarter. Capital World Investors now owns 12,749,560 shares of the conglomerate’s stock valued at $2,237,930,000 after buying an additional 12,312,648 shares during the period. Norges Bank acquired a new position in General Electric in the 4th quarter valued at approximately $1,193,159,000. Capital International Investors increased its stake in General Electric by 9.9% in the 1st quarter. Capital International Investors now owns 59,100,643 shares of the conglomerate’s stock valued at $10,373,936,000 after buying an additional 5,309,543 shares during the period. Canada Pension Plan Investment Board increased its stake in General Electric by 221.6% in the 1st quarter. Canada Pension Plan Investment Board now owns 7,121,741 shares of the conglomerate’s stock valued at $1,250,079,000 after buying an additional 4,907,530 shares during the period. Finally, WCM Investment Management LLC acquired a new position in General Electric in the 4th quarter valued at approximately $520,488,000. Institutional investors and hedge funds own 74.77% of the company’s stock.

General Electric Stock Performance

Shares of NYSE GE traded down $0.20 during trading hours on Monday, hitting $166.93. 3,173,290 shares of the stock were exchanged, compared to its average volume of 7,019,531. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.14 and a quick ratio of 0.85. The company’s 50 day moving average is $162.67 and its 200 day moving average is $159.47. The firm has a market capitalization of $182.72 billion, a P/E ratio of 54.73, a P/E/G ratio of 1.70 and a beta of 1.21. General Electric has a one year low of $84.42 and a one year high of $177.20.

General Electric (NYSE:GE) last posted its quarterly earnings data on Tuesday, July 23rd. The conglomerate reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.21. The business had revenue of $9.09 billion during the quarter, compared to the consensus estimate of $8.44 billion. General Electric had a net margin of 7.66% and a return on equity of 16.07%. General Electric’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.68 EPS. On average, research analysts expect that General Electric will post 4.15 EPS for the current year.

General Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 25th. Investors of record on Thursday, July 11th were issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 0.67%. The ex-dividend date of this dividend was Thursday, July 11th. General Electric’s dividend payout ratio is currently 36.72%.

Insider Buying and Selling

In other General Electric news, SVP Russell Stokes sold 45,309 shares of the stock in a transaction on Thursday, May 23rd. The shares were 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 approximately $18,391,821.56. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.66% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on GE shares. Citigroup upped their price objective on shares of General Electric from $120.43 to $186.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. JPMorgan Chase & Co. upped their price objective on shares of General Electric from $148.00 to $175.00 and gave the company an “overweight” rating in a research note on Monday, May 13th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of General Electric from $195.00 to $209.00 and gave the company a “buy” rating in a research note on Monday, June 10th. StockNews.com lowered shares of General Electric from a “buy” rating to a “hold” rating in a research note on Monday, July 29th. Finally, Wells Fargo & Company increased their price target on shares of General Electric from $192.00 to $205.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $190.38.

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.