1,468 Shares in General Electric (NYSE:GE) Acquired by Hobart Private Capital LLC

Hobart Private Capital LLC purchased a new stake in shares of General Electric (NYSE:GE) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 1,468 shares of the conglomerate’s stock, valued at approximately $245,000.

Several other hedge funds also recently modified their holdings of the company. Seelaus Asset Management LLC boosted its stake in shares of General Electric by 1.9% during the 4th quarter. Seelaus Asset Management LLC now owns 4,770 shares of the conglomerate’s stock worth $796,000 after acquiring an additional 87 shares in the last quarter. Kingsview Wealth Management LLC lifted its holdings in shares of General Electric by 10.2% during the fourth quarter. Kingsview Wealth Management LLC now owns 232,266 shares of the conglomerate’s stock valued at $38,740,000 after purchasing an additional 21,474 shares during the last quarter. Apollon Wealth Management LLC boosted its position in shares of General Electric by 9.7% in the 4th quarter. Apollon Wealth Management LLC now owns 22,499 shares of the conglomerate’s stock valued at $3,753,000 after purchasing an additional 1,986 shares during the period. Byrne Asset Management LLC acquired a new stake in General Electric during the 4th quarter worth about $1,811,000. Finally, TFG Advisers LLC lifted its stake in General Electric by 7.4% during the fourth quarter. TFG Advisers LLC now owns 1,447 shares of the conglomerate’s stock valued at $241,000 after buying an additional 100 shares in the last quarter. 74.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other General Electric news, SVP Russell Stokes sold 15,550 shares of General Electric stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $178.29, for a total value 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. The trade was a 9.46 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.66% of the stock is owned by insiders.

General Electric Stock Down 0.4 %

General Electric stock opened at $205.32 on Friday. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88. General Electric has a 1-year low of $110.57 and a 1-year high of $207.84. The firm’s fifty day simple moving average is $179.68 and its 200-day simple moving average is $177.85. The company has a market capitalization of $220.37 billion, a P/E ratio of 34.28, a P/E/G ratio of 2.56 and a beta of 1.22.

General Electric (NYSE:GE) last posted its earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.27. General Electric had a return on equity of 22.19% and a net margin of 14.31%. Sell-side analysts forecast that General Electric will post 5.39 earnings per share for the current fiscal year.

General Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 27th. Investors of record on Friday, December 27th were issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 0.55%. The ex-dividend date was Friday, December 27th. General Electric’s dividend payout ratio is currently 18.70%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on GE. Royal Bank of Canada restated an “outperform” rating and set a $200.00 price target on shares of General Electric in a report on Wednesday, January 22nd. Northcoast Research initiated coverage on shares of General Electric in a research note on Tuesday, January 7th. They set a “neutral” rating on the stock. JPMorgan Chase & Co. raised their target price on General Electric from $190.00 to $210.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. Bank of America upped their price target on General Electric from $200.00 to $225.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Finally, Wells Fargo & Company raised their price objective on General Electric from $225.00 to $250.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, General Electric has a consensus rating of “Moderate Buy” and an average target price of $208.73.

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.