Fisher Asset Management LLC Has $1.76 Million Stock Position in General Electric (NYSE:GE)

Fisher Asset Management LLC grew its position in General Electric (NYSE:GE) by 7.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,791 shares of the conglomerate’s stock after acquiring an additional 929 shares during the quarter. Fisher Asset Management LLC’s holdings in General Electric were worth $1,760,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. WCM Investment Management LLC bought a new stake in General Electric in the fourth quarter valued at $520,488,000. International Assets Investment Management LLC lifted its holdings in General Electric by 11,947.8% during the 4th quarter. International Assets Investment Management LLC now owns 1,576,570 shares of the conglomerate’s stock valued at $201,218,000 after purchasing an additional 1,563,484 shares during the last quarter. Carmignac Gestion acquired a new position in General Electric in the third quarter valued at about $133,581,000. AQR Capital Management LLC grew its stake in General Electric by 358.4% during the third quarter. AQR Capital Management LLC now owns 1,456,673 shares of the conglomerate’s stock worth $161,035,000 after buying an additional 1,138,896 shares during the last quarter. Finally, Barclays PLC increased its holdings in shares of General Electric by 30.5% during the third quarter. Barclays PLC now owns 2,990,039 shares of the conglomerate’s stock worth $330,548,000 after buying an additional 699,585 shares in the last quarter. Institutional investors and hedge funds own 74.77% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Michael J. Holston sold 22,055 shares of the business’s stock in a transaction on 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 completion of the transaction, the senior vice president now owns 56,284 shares of the company’s stock, valued at approximately $8,153,863.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.66% of the company’s stock.

General Electric Stock Performance

GE stock opened at $168.86 on Thursday. The company has a quick ratio of 0.82, a current ratio of 1.17 and a debt-to-equity ratio of 0.63. General Electric has a twelve month low of $78.17 and a twelve month high of $170.80. The business’s fifty day moving average is $162.49 and its 200-day moving average is $139.17. The company has a market cap of $184.84 billion, a P/E ratio of 55.36, a price-to-earnings-growth ratio of 2.92 and a beta of 1.25.

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

General Electric Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 25th. Shareholders of record on Monday, April 15th were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 0.66%. The ex-dividend date was Friday, April 12th. This is an increase from General Electric’s previous quarterly dividend of $0.08. General Electric’s dividend payout ratio is presently 36.72%.

Wall Street Analysts Forecast Growth

GE has been the topic of a number of research analyst reports. TD Cowen upgraded General Electric from a “hold” rating to a “buy” rating and increased their price target for the stock from $175.00 to $180.00 in a research report on Tuesday, April 9th. Wells Fargo & Company raised their target price on General Electric from $165.00 to $192.00 and gave the company an “overweight” rating in a research note on Monday, April 29th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of General Electric from $210.00 to $190.00 and set a “buy” rating on the stock in a research report on Wednesday, April 3rd. Jefferies Financial Group raised their price objective on shares of General Electric from $180.00 to $185.00 and gave the company a “buy” rating in a research report on Monday, April 29th. Finally, StockNews.com started coverage on shares of General Electric in a research report on Monday, April 29th. They set a “hold” rating on the stock. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $172.29.

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.