Capital International Sarl Boosts Stock Position in General Electric (NYSE:GE)

Capital International Sarl boosted its position in shares of General Electric (NYSE:GE) by 10.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 173,889 shares of the conglomerate’s stock after acquiring an additional 16,757 shares during the quarter. Capital International Sarl’s holdings in General Electric were worth $29,003,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. New Age Alpha Advisors LLC boosted its holdings in General Electric by 133.3% in the fourth quarter. New Age Alpha Advisors LLC now owns 147 shares of the conglomerate’s stock valued at $25,000 after purchasing an additional 84 shares during the period. Hager Investment Management Services LLC purchased a new position in shares of General Electric in the 4th quarter valued at about $27,000. Sumitomo Mitsui Financial Group Inc. acquired a new position in shares of General Electric during the fourth quarter worth about $28,000. Sugar Maple Asset Management LLC purchased a new stake in shares of General Electric during the fourth quarter worth approximately $29,000. Finally, CBIZ Investment Advisory Services LLC acquired a new stake in General Electric in the fourth quarter valued at approximately $29,000. 74.77% of the stock is owned by institutional investors and hedge funds.

General Electric Trading Down 0.3 %

NYSE GE opened at $181.88 on Friday. The firm’s fifty day moving average is $196.66 and its two-hundred day moving average is $186.53. General Electric has a one year low of $146.78 and a one year high of $214.21. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 1.09. The firm has a market cap of $195.21 billion, a PE ratio of 30.36, a P/E/G ratio of 2.59 and a beta of 1.04.

General Electric (NYSE:GE) last issued its quarterly earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share (EPS) 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%. Analysts expect that General Electric will post 5.4 earnings per share for the current year.

General Electric Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 10th will be issued a dividend of $0.36 per share. The ex-dividend date is Monday, March 10th. This is an increase from General Electric’s previous quarterly dividend of $0.28. This represents a $1.44 annualized dividend and a dividend yield of 0.79%. General Electric’s dividend payout ratio (DPR) is currently 24.04%.

Analyst Upgrades and Downgrades

Several research firms have commented on GE. Citigroup lowered their price target on shares of General Electric from $235.00 to $227.00 and set a “buy” rating for the company in a report on Thursday, April 10th. UBS Group increased their target price on General Electric from $215.00 to $235.00 and gave the company a “buy” rating in a report on Friday, January 24th. Deutsche Bank Aktiengesellschaft cut their price target on General Electric from $235.00 to $228.00 and set a “buy” rating on the stock in a research note on Thursday, January 2nd. Bank of America upped their price objective on General Electric from $200.00 to $225.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Finally, Northcoast Research raised General Electric from a “neutral” rating to a “buy” rating and set a $205.00 target price on the stock in a research report on Wednesday, April 9th. One equities research analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $213.33.

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.