Hall Laurie J Trustee Acquires 600 Shares of General Electric (NYSE:GE)

Hall Laurie J Trustee grew its stake in General Electric (NYSE:GE) by 8.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,003 shares of the conglomerate’s stock after acquiring an additional 600 shares during the period. Hall Laurie J Trustee’s holdings in General Electric were worth $1,335,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. SeaTown Holdings Pte. Ltd. increased its position in shares of General Electric by 61.9% during the 4th quarter. SeaTown Holdings Pte. Ltd. now owns 56,208 shares of the conglomerate’s stock worth $9,375,000 after purchasing an additional 21,500 shares during the last quarter. Clarius Group LLC grew its stake in shares of General Electric by 5.5% in the fourth quarter. Clarius Group LLC now owns 5,989 shares of the conglomerate’s stock valued at $999,000 after buying an additional 310 shares in the last quarter. Whitaker Myers Wealth Managers LTD. acquired a new position in General Electric during the fourth quarter worth $337,000. BNC Wealth Management LLC raised its position in General Electric by 224.8% during the fourth quarter. BNC Wealth Management LLC now owns 10,502 shares of the conglomerate’s stock worth $1,752,000 after acquiring an additional 7,269 shares in the last quarter. Finally, Moss Adams Wealth Advisors LLC lifted its stake in General Electric by 5.4% in the fourth quarter. Moss Adams Wealth Advisors LLC now owns 2,279 shares of the conglomerate’s stock valued at $381,000 after acquiring an additional 116 shares during the last quarter. Institutional investors and hedge funds own 74.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on GE. Citigroup boosted their price objective on shares of General Electric from $198.00 to $216.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Sanford C. Bernstein upped their price objective on General Electric from $201.00 to $225.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. UBS Group lifted their target price on General Electric from $223.00 to $230.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Wells Fargo & Company increased their price target on General Electric from $210.00 to $225.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Finally, Northcoast Research started coverage on shares of General Electric in a report on Tuesday, January 7th. They issued a “neutral” rating on the stock. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $201.47.

Insider Activity at General Electric

In related news, SVP Riccardo Procacci sold 7,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $181.13, for a total transaction of $1,267,910.00. Following the sale, the senior vice president now owns 13,289 shares in the company, valued at $2,407,036.57. The trade was a 34.50 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Russell Stokes sold 15,550 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $178.29, for a total value of $2,772,409.50. Following the completion of the transaction, the senior vice president now owns 148,857 shares of the company’s stock, valued at $26,539,714.53. This represents a 9.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.66% of the stock is currently owned by insiders.

General Electric Trading Up 1.7 %

GE opened at $182.83 on Monday. The stock has a market capitalization of $197.87 billion, a price-to-earnings ratio of 32.13, a P/E/G ratio of 1.40 and a beta of 1.19. The company has a quick ratio of 0.85, a current ratio of 1.13 and a debt-to-equity ratio of 0.95. General Electric has a twelve month low of $101.16 and a twelve month high of $194.80. The company has a 50-day simple moving average of $174.33 and a 200 day simple moving average of $174.08.

General Electric (NYSE:GE) last issued its quarterly earnings results on Tuesday, October 22nd. The conglomerate reported $1.15 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.02. The company had revenue of $9.84 billion during the quarter, compared to the consensus estimate of $9.02 billion. General Electric had a net margin of 11.48% and a return on equity of 18.93%. The firm’s quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.82 EPS. Analysts predict that General Electric will post 4.23 EPS for the current fiscal year.

General Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Friday, December 27th will be given a dividend of $0.28 per share. The ex-dividend date is Friday, December 27th. This represents a $1.12 annualized dividend and a dividend yield of 0.61%. General Electric’s dividend payout ratio is currently 19.68%.

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.