General Electric (NYSE:GE) Shares Bought by Foster Group Inc.

Foster Group Inc. lifted its position in shares of General Electric (NYSE:GE) by 5.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,587 shares of the conglomerate’s stock after buying an additional 79 shares during the period. Foster Group Inc.’s holdings in General Electric were worth $265,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Toth Financial Advisory Corp acquired a new stake in shares of General Electric during the third quarter valued at about $25,000. Valley Wealth Managers Inc. acquired a new stake in General Electric in the 3rd quarter valued at approximately $25,000. O Brien Wealth Partners LLC purchased a new stake in General Electric in the third quarter valued at approximately $27,000. Peterson Financial Group Inc. acquired a new position in General Electric during the third quarter worth $28,000. Finally, Sugar Maple Asset Management LLC acquired a new position in General Electric during the 4th quarter worth about $29,000. Hedge funds and other institutional investors own 74.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on GE shares. Melius Research lifted their price objective on shares of General Electric from $194.00 to $202.00 in a report on Tuesday, October 22nd. Sanford C. Bernstein upped their price objective on General Electric from $201.00 to $225.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Northcoast Research began 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 target on General Electric from $200.00 to $225.00 and gave the stock a “buy” rating in a report on Monday. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $200.00 price target on shares of General Electric in a research report on Wednesday, January 22nd. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $208.73.

General Electric Trading Down 0.0 %

NYSE GE opened at $194.46 on Wednesday. The firm’s fifty day moving average price is $175.67 and its 200 day moving average price is $175.38. General Electric has a 12 month low of $103.75 and a 12 month high of $207.65. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.13 and a quick ratio of 0.85. The company has a market capitalization of $210.46 billion, a price-to-earnings ratio of 34.18, a price-to-earnings-growth ratio of 1.53 and a beta of 1.19.

General Electric (NYSE:GE) last issued its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.27. General Electric had a return on equity of 18.93% and a net margin of 11.48%. On average, sell-side analysts expect that General Electric will post 4.23 earnings per share for the current fiscal year.

General Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 27th. Stockholders of record on Friday, December 27th were issued a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 0.58%. The ex-dividend date of this dividend was Friday, December 27th. General Electric’s payout ratio is currently 19.68%.

Insider Transactions at General Electric

In other news, SVP Riccardo Procacci sold 7,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $181.13, for a total value of $1,267,910.00. Following the transaction, the senior vice president now owns 13,289 shares of the company’s stock, valued at approximately $2,407,036.57. The trade was a 34.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Russell Stokes sold 15,550 shares of the stock in a transaction 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 sale, the senior vice president now directly owns 148,857 shares of the company’s stock, valued at approximately $26,539,714.53. This represents a 9.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.66% of the company’s stock.

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.