Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Buys 142 Shares of General Electric (NYSE:GE)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its stake in General Electric (NYSE:GE) by 1.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,146 shares of the conglomerate’s stock after acquiring an additional 142 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in General Electric were worth $2,304,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the company. Criterion Capital Advisors LLC bought a new position in shares of General Electric in the fourth quarter worth about $27,000. Capital Analysts LLC raised its holdings in General Electric by 55.8% during the fourth quarter. Capital Analysts LLC now owns 243 shares of the conglomerate’s stock valued at $31,000 after acquiring an additional 87 shares during the period. Bfsg LLC purchased a new position in General Electric during the fourth quarter valued at $32,000. Kapitalo Investimentos Ltda bought a new stake in General Electric in the 4th quarter worth approximately $32,000. Finally, Richardson Financial Services Inc. purchased a new position in shares of General Electric in the 1st quarter worth $34,000. Institutional investors own 74.77% of the company’s stock.

General Electric Stock Down 0.3 %

Shares of GE stock traded down $0.52 on Friday, hitting $169.42. 3,305,286 shares of the stock were exchanged, compared to its average volume of 6,935,916. The business has a 50-day moving average of $163.09 and a 200 day moving average of $159.86. General Electric has a fifty-two week low of $84.42 and a fifty-two week high of $177.20. The firm has a market capitalization of $185.45 billion, a P/E ratio of 55.63, a price-to-earnings-growth ratio of 1.70 and a beta of 1.21. The company has a current ratio of 1.14, a quick ratio of 0.85 and a debt-to-equity ratio of 0.95.

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

General Electric Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 25th. Shareholders of record on Thursday, July 11th were given a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 0.66%. The ex-dividend date of this dividend was Thursday, July 11th. General Electric’s dividend payout ratio (DPR) is currently 36.72%.

Insider Transactions at General Electric

In other General Electric news, SVP Russell Stokes sold 45,309 shares of the 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 in the company, valued at approximately $18,391,821.56. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.66% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages recently weighed in on GE. Bank of America lifted their price objective 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. Royal Bank of Canada boosted their price objective on shares of General Electric from $175.00 to $190.00 and gave the company an “outperform” rating in a report on Wednesday, July 24th. Wells Fargo & Company upped their target price on General Electric from $192.00 to $205.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. Jefferies Financial Group raised their price target on shares of General Electric from $185.00 to $190.00 and gave the company a “buy” rating in a research report on Friday, June 28th. Finally, JPMorgan Chase & Co. increased their target price on General Electric from $148.00 to $175.00 and gave the company an “overweight” rating in a research report on Monday, May 13th. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, General Electric presently has a consensus rating of “Moderate Buy” and a consensus price target of $190.38.

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.