General Electric (NYSE:GE) Shares Bought by 1858 Wealth Management LLC

1858 Wealth Management LLC grew its stake in General Electric (NYSE:GE) by 19.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 9,268 shares of the conglomerate’s stock after buying an additional 1,529 shares during the quarter. General Electric accounts for about 1.2% of 1858 Wealth Management LLC’s portfolio, making the stock its 24th largest holding. 1858 Wealth Management LLC’s holdings in General Electric were worth $1,546,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the stock. Toth Financial Advisory Corp acquired a new position in shares of General Electric during the 3rd quarter worth about $25,000. Valley Wealth Managers Inc. purchased a new position in General Electric in the 3rd quarter worth approximately $25,000. O Brien Wealth Partners LLC acquired a new position in shares of General Electric during the 3rd quarter worth approximately $27,000. Peterson Financial Group Inc. purchased a new stake in shares of General Electric in the third quarter valued at approximately $28,000. Finally, Sugar Maple Asset Management LLC acquired a new stake in shares of General Electric in the fourth quarter valued at approximately $29,000. Hedge funds and other institutional investors own 74.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on GE shares. Northcoast Research started coverage on General Electric in a report on Tuesday, January 7th. They issued a “neutral” rating for the company. Bank of America upped their price objective on shares of General Electric from $200.00 to $225.00 and gave the company a “buy” rating in a report on Monday, January 27th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of General Electric from $235.00 to $228.00 and set a “buy” rating on the stock in a research note on Thursday, January 2nd. Melius Research increased their price target on shares of General Electric from $194.00 to $202.00 in a research note on Tuesday, October 22nd. Finally, Sanford C. Bernstein lifted their price target on shares of General Electric from $201.00 to $225.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $208.73.

General Electric Stock Down 0.9 %

Shares of GE opened at $202.19 on Wednesday. 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 stock has a market capitalization of $218.83 billion, a PE ratio of 33.75, a P/E/G ratio of 2.53 and a beta of 1.21. The company’s 50-day simple moving average is $177.89 and its 200-day simple moving average is $176.86. General Electric has a 1 year low of $108.60 and a 1 year high of $207.65.

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

General Electric Dividend Announcement

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

Insider Buying and Selling at General Electric

In other news, SVP Russell Stokes sold 15,550 shares of the firm’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $178.29, for a total value of $2,772,409.50. Following the sale, the senior vice president now directly owns 148,857 shares in the company, valued at approximately $26,539,714.53. This trade represents a 9.46 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.66% of the stock is 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.