Lincoln Capital Corp Acquires Shares of 9,865 General Electric (NYSE:GE)

Lincoln Capital Corp bought a new position in shares of General Electric (NYSE:GE) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 9,865 shares of the conglomerate’s stock, valued at approximately $1,645,000.

Other institutional investors also recently added to or reduced their stakes in the company. Toth Financial Advisory Corp bought a new stake in General Electric during the 3rd quarter valued at $25,000. Valley Wealth Managers Inc. purchased a new position in shares of General Electric in the third quarter valued at $25,000. O Brien Wealth Partners LLC bought a new stake in shares of General Electric during the 3rd quarter valued at $27,000. Peterson Financial Group Inc. purchased a new stake in General Electric during the 3rd quarter worth about $28,000. Finally, Sugar Maple Asset Management LLC purchased a new stake in General Electric during the 4th quarter worth about $29,000. Institutional investors own 74.77% of the company’s stock.

General Electric Trading Up 6.5 %

GE stock opened at $200.66 on Friday. The company has a market capitalization of $217.17 billion, a PE ratio of 35.26, a price-to-earnings-growth ratio of 1.53 and a beta of 1.19. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.85 and a current ratio of 1.13. General Electric has a one year low of $101.16 and a one year high of $207.65. The company’s 50 day moving average price is $174.49 and its two-hundred day moving average price is $174.59.

General Electric (NYSE:GE) last issued its earnings results on Thursday, January 23rd. The conglomerate reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.27. General Electric had a net margin of 11.48% and a return on equity of 18.93%. As a group, analysts predict that General Electric will post 4.23 earnings per share for the current fiscal year.

General Electric Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 27th will be paid a $0.28 dividend. The ex-dividend date is Friday, December 27th. This represents a $1.12 dividend on an annualized basis and a yield of 0.56%. General Electric’s dividend payout ratio (DPR) is currently 19.68%.

Analysts Set New Price Targets

GE has been the subject of several recent analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $200.00 price objective on shares of General Electric in a research note on Wednesday. Bank of America boosted their price target on shares of General Electric from $180.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Northcoast Research initiated coverage on General Electric in a research report on Tuesday, January 7th. They issued a “neutral” rating on the stock. UBS Group boosted their target price on General Electric from $223.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Finally, Citigroup upped their target price on General Electric from $198.00 to $216.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $201.47.

Insider Activity

In other news, SVP Riccardo Procacci sold 7,000 shares of General Electric stock in a transaction dated Wednesday, November 6th. The shares were 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 of the company’s stock, valued at approximately $2,407,036.57. The trade was a 34.50 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Russell Stokes sold 15,550 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $178.29, for a total transaction of $2,772,409.50. Following the transaction, the senior vice president now owns 148,857 shares in the company, valued at $26,539,714.53. This represents a 9.46 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.66% of the company’s stock.

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.