Lincoln Capital Corp Makes New $1.65 Million Investment in General Electric (NYSE:GE)

Lincoln Capital Corp bought a new position in General Electric (NYSE:GE - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 9,865 shares of the conglomerate's stock, valued at approximately $1,645,000.

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

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Bank of America lifted their price target on General Electric from $180.00 to $200.00 and gave the company a "buy" rating in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. lifted their target price on General Electric from $190.00 to $210.00 and gave the stock an "overweight" rating in a report on Friday. Deutsche Bank Aktiengesellschaft dropped their price target on shares of General Electric from $235.00 to $228.00 and set a "buy" rating on the stock in a research report on Thursday, January 2nd. Wells Fargo & Company raised their price objective on shares of General Electric from $225.00 to $250.00 and gave the company an "overweight" rating in a research report on Friday. Finally, Citigroup boosted their target price on shares of General Electric from $198.00 to $216.00 and gave the stock a "buy" rating in a report on Thursday, October 10th. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $205.80.

Insider Transactions at General Electric

In other General Electric news, SVP Russell Stokes sold 15,550 shares of the company's stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $178.29, for a total transaction of $2,772,409.50. Following the completion of the sale, the senior vice president now owns 148,857 shares of the company's stock, valued at $26,539,714.53. This represents a 9.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Riccardo Procacci sold 7,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were 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 in the company, valued at approximately $2,407,036.57. This trade represents a 34.50 % decrease in their position. The disclosure for this sale can be found here. 0.66% of the stock is currently owned by company insiders.

General Electric Stock Down 2.0 %

Shares of General Electric stock traded down $3.99 on Friday, hitting $196.81. 7,833,579 shares of the company traded hands, compared to its average volume of 6,529,868. General Electric has a 12-month low of $103.75 and a 12-month high of $207.65. The company has a quick ratio of 0.85, a current ratio of 1.13 and a debt-to-equity ratio of 0.95. The company has a market cap of $213.00 billion, a PE ratio of 34.59, a PEG ratio of 1.53 and a beta of 1.19. The company has a 50-day moving average price of $174.93 and a 200 day moving average price of $174.77.

General Electric (NYSE:GE - Get Free Report) last issued its earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share 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%. Sell-side analysts predict that General Electric will post 4.23 earnings per share for the current year.

General Electric Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 27th will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date of this dividend is Friday, December 27th. General Electric's dividend payout ratio (DPR) is presently 19.68%.

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.