Woodard & Co. Asset Management Group Inc. ADV Has $3.51 Million Stock Holdings in General Electric (NYSE:GE)

Woodard & Co. Asset Management Group Inc. ADV boosted its holdings in shares of General Electric (NYSE:GE) by 13.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 21,031 shares of the conglomerate’s stock after acquiring an additional 2,496 shares during the period. General Electric comprises approximately 0.8% of Woodard & Co. Asset Management Group Inc. ADV’s holdings, making the stock its 26th largest position. Woodard & Co. Asset Management Group Inc. ADV’s holdings in General Electric were worth $3,508,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on GE shares. Melius Research raised their price target on shares of General Electric from $194.00 to $202.00 in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. raised their price objective on shares of General Electric from $190.00 to $210.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. Citigroup raised their price objective on shares of General Electric from $216.00 to $235.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Royal Bank of Canada restated an “outperform” rating and set a $200.00 price objective on shares of General Electric in a report on Wednesday, January 22nd. Finally, Bank of America raised their price objective on shares of General Electric from $200.00 to $225.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, General Electric has a consensus rating of “Moderate Buy” and a consensus target price of $208.73.

General Electric Price Performance

GE opened at $208.62 on Monday. The company has a market capitalization of $223.91 billion, a price-to-earnings ratio of 34.83, a PEG ratio of 2.56 and a beta of 1.22. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.88. The firm has a 50-day moving average price of $182.66 and a 200-day moving average price of $179.33. General Electric has a twelve month low of $117.43 and a twelve month high of $211.42.

General Electric (NYSE:GE) last issued its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 EPS for the quarter, beating the consensus estimate of $1.05 by $0.27. General Electric had a net margin of 14.31% and a return on equity of 22.19%. Equities analysts expect that General Electric will post 5.39 EPS for the current year.

General Electric Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 10th will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 0.69%. This is a boost from General Electric’s previous quarterly dividend of $0.28. General Electric’s payout ratio is currently 18.70%.

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.