General Electric (NYSE:GE) Shares Bought by Forte Capital LLC ADV

Forte Capital LLC ADV increased its position in General Electric (NYSE:GE) by 2.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,067 shares of the conglomerate’s stock after buying an additional 83 shares during the period. Forte Capital LLC ADV’s holdings in General Electric were worth $519,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. AJOVista LLC purchased a new position in General Electric during the fourth quarter worth about $87,000. Baxter Bros Inc. boosted its position in shares of General Electric by 5.5% in the fourth quarter. Baxter Bros Inc. now owns 44,113 shares of the conglomerate’s stock worth $5,630,000 after acquiring an additional 2,289 shares during the last quarter. Legacy Financial Advisors Inc. grew its holdings in General Electric by 6.2% in the fourth quarter. Legacy Financial Advisors Inc. now owns 6,289 shares of the conglomerate’s stock valued at $803,000 after purchasing an additional 366 shares during the period. Knuff & Co LLC increased its position in General Electric by 1.7% during the fourth quarter. Knuff & Co LLC now owns 11,288 shares of the conglomerate’s stock worth $1,441,000 after purchasing an additional 188 shares during the last quarter. Finally, Sapient Capital LLC purchased a new position in General Electric during the fourth quarter worth approximately $276,000. Hedge funds and other institutional investors own 74.77% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on GE shares. Oppenheimer restated a “market perform” rating on shares of General Electric in a report on Tuesday, March 5th. Bank of America lifted their price objective on General Electric from $165.00 to $180.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Jefferies Financial Group increased their target price on shares of General Electric from $180.00 to $185.00 and gave the stock a “buy” rating in a research report on Monday, April 29th. The Goldman Sachs Group lifted their price target on shares of General Electric from $190.00 to $211.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Finally, Wells Fargo & Company increased their price objective on shares of General Electric from $165.00 to $192.00 and gave the stock an “overweight” rating in a research report on Monday, April 29th. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, General Electric presently has a consensus rating of “Moderate Buy” and an average target price of $172.29.

General Electric Stock Up 0.9 %

GE traded up $1.47 during trading on Friday, hitting $164.11. The company had a trading volume of 3,968,626 shares, compared to its average volume of 7,987,890. General Electric has a 1-year low of $77.93 and a 1-year high of $166.26. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.17 and a quick ratio of 0.82. The company has a market cap of $179.64 billion, a PE ratio of 53.81, a P/E/G ratio of 2.89 and a beta of 1.25. The business has a 50-day moving average of $161.93 and a 200-day moving average of $137.89.

General Electric (NYSE:GE) last issued its quarterly earnings results on Tuesday, April 23rd. The conglomerate reported $0.82 EPS for the quarter, topping the consensus estimate of $0.65 by $0.17. The business had revenue of $16.10 billion for the quarter, compared to analysts’ expectations of $15.25 billion. General Electric had a net margin of 5.05% and a return on equity of 12.54%. The company’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.27 earnings per share. As a group, analysts forecast that General Electric will post 3.96 earnings per share for the current year.

General Electric Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 25th. Investors of record on Monday, April 15th were given a dividend of $0.28 per share. This is a positive change from General Electric’s previous quarterly dividend of $0.08. This represents a $1.12 annualized dividend and a dividend yield of 0.68%. The ex-dividend date of this dividend was Friday, April 12th. General Electric’s dividend payout ratio is currently 36.72%.

Insiders Place Their Bets

In other news, SVP Michael J. Holston sold 22,055 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $144.87, for a total value of $3,195,107.85. Following the transaction, the senior vice president now directly owns 56,284 shares in the company, valued at approximately $8,153,863.08. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.66% of the stock is currently owned by corporate insiders.

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.