Campbell Wealth Management Acquires Shares of 1,567 General Electric (NYSE:GE)

Campbell Wealth Management acquired a new stake in shares of General Electric (NYSE:GE) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 1,567 shares of the conglomerate’s stock, valued at approximately $261,000.

Several other hedge funds and other institutional investors have also made changes to their positions in GE. Toth Financial Advisory Corp bought a new position in shares of General Electric during the 3rd quarter valued at about $25,000. Valley Wealth Managers Inc. bought a new position in shares of General Electric during the 3rd quarter valued at about $25,000. O Brien Wealth Partners LLC bought a new position in shares of General Electric during the 3rd quarter valued at about $27,000. Hager Investment Management Services LLC bought a new position in shares of General Electric during the 4th quarter valued at about $27,000. Finally, Peterson Financial Group Inc. bought a new position in shares of General Electric during the 3rd quarter valued at about $28,000. Institutional investors own 74.77% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on GE. Royal Bank of Canada reissued an “outperform” rating and set a $200.00 price objective on shares of General Electric in a report on Wednesday, January 22nd. Northcoast Research began coverage on shares of General Electric in a report on Tuesday, January 7th. They issued a “neutral” rating for the company. JPMorgan Chase & Co. increased their price target on shares of General Electric from $190.00 to $210.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of General Electric from $235.00 to $228.00 and set a “buy” rating for the company in a report on Thursday, January 2nd. Finally, Citigroup increased their price target on shares of General Electric from $216.00 to $235.00 and gave the company a “buy” rating in a report on Monday, January 27th. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $208.73.

General Electric Stock Performance

Shares of NYSE:GE opened at $208.35 on Friday. The firm has a market cap of $223.62 billion, a PE ratio of 34.78, a price-to-earnings-growth ratio of 2.56 and a beta of 1.22. The firm’s 50 day simple moving average is $181.29 and its 200-day simple moving average is $178.78. General Electric has a one year low of $113.88 and a one year high of $211.42. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 1.09.

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 14.31% and a return on equity of 22.19%. As a group, equities analysts predict that General Electric will post 5.39 EPS for the current year.

General Electric Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, January 27th. Stockholders of record on Friday, December 27th were given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date was Friday, December 27th. General Electric’s dividend payout ratio (DPR) is presently 18.70%.

Insider Activity at General Electric

In related news, SVP Russell Stokes sold 15,550 shares of General Electric stock in a transaction that occurred on 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 directly owns 148,857 shares of the company’s stock, valued at $26,539,714.53. This trade represents a 9.46 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.66% of the stock is currently owned by corporate insiders.

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.