Horan Securities Inc. Has $798,000 Stake in General Electric (NYSE:GE)

Horan Securities Inc. reduced its stake in General Electric (NYSE:GE) by 18.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,783 shares of the conglomerate’s stock after selling 1,048 shares during the period. Horan Securities Inc.’s holdings in General Electric were worth $798,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Valley Wealth Managers Inc. acquired a new stake in General Electric in the third quarter valued at approximately $25,000. Peterson Financial Group Inc. bought a new position in shares of General Electric in the third quarter valued at $28,000. RPg Family Wealth Advisory LLC bought a new stake in shares of General Electric during the third quarter worth about $30,000. Hager Investment Management Services LLC bought a new position in General Electric in the 4th quarter valued at about $27,000. Finally, Costello Asset Management INC boosted its stake in General Electric by 92.0% during the 3rd quarter. Costello Asset Management INC now owns 167 shares of the conglomerate’s stock valued at $31,000 after purchasing an additional 80 shares during the last quarter. 74.77% of the stock is owned by institutional investors.

General Electric Price Performance

Shares of General Electric stock opened at $194.08 on Friday. The company’s fifty day simple moving average is $193.02 and its two-hundred day simple moving average is $183.11. General Electric has a 12-month low of $130.38 and a 12-month high of $212.19. The firm has a market cap of $208.31 billion, a PE ratio of 32.40, a price-to-earnings-growth ratio of 2.59 and a beta of 1.19. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.88.

General Electric (NYSE:GE) last announced its earnings results on Thursday, January 23rd. The conglomerate reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.27. General Electric had a return on equity of 22.19% and a net margin of 14.31%. As a group, equities analysts expect that General Electric will post 5.4 EPS for the current year.

General Electric Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 10th will be given a dividend of $0.36 per share. The ex-dividend date is Monday, March 10th. This is a positive change from General Electric’s previous quarterly dividend of $0.28. This represents a $1.44 annualized dividend and a dividend yield of 0.74%. General Electric’s payout ratio is currently 24.04%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on GE shares. Northcoast Research started coverage on General Electric in a report on Tuesday, January 7th. They issued a “neutral” rating on the stock. Wells Fargo & Company raised their price objective on General Electric from $225.00 to $250.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. Citigroup upped their target price on shares of General Electric from $216.00 to $235.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. JPMorgan Chase & Co. raised their price target on shares of General Electric from $190.00 to $210.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. Finally, Bank of America boosted their price target 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. Two research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, General Electric presently has a consensus rating of “Moderate Buy” and a consensus target price of $211.31.

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.