Aljian Capital Management LLC Buys Shares of 4,054 General Electric (NYSE:GE)

Aljian Capital Management LLC acquired a new stake in General Electric (NYSE:GE - Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,054 shares of the conglomerate's stock, valued at approximately $764,000.

A number of other institutional investors and hedge funds have also bought and sold shares of GE. Davis R M Inc. raised its stake in General Electric by 18.8% during the first quarter. Davis R M Inc. now owns 3,696 shares of the conglomerate's stock worth $649,000 after buying an additional 586 shares during the last quarter. Trustmark National Bank Trust Department raised its position in shares of General Electric by 10.7% in the 1st quarter. Trustmark National Bank Trust Department now owns 3,437 shares of the conglomerate's stock worth $603,000 after acquiring an additional 332 shares in the last quarter. Bahl & Gaynor Inc. lifted its stake in shares of General Electric by 4.6% in the 1st quarter. Bahl & Gaynor Inc. now owns 5,686 shares of the conglomerate's stock valued at $998,000 after purchasing an additional 251 shares during the period. UniSuper Management Pty Ltd boosted its position in shares of General Electric by 141.5% during the 1st quarter. UniSuper Management Pty Ltd now owns 20,650 shares of the conglomerate's stock valued at $3,625,000 after purchasing an additional 12,099 shares in the last quarter. Finally, Safeguard Investment Advisory Group LLC acquired a new stake in General Electric during the first quarter worth approximately $204,000. 74.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Bank of America boosted their price target on General Electric from $180.00 to $200.00 and gave the company a "buy" rating in a research note on Wednesday, October 23rd. StockNews.com cut shares of General Electric from a "buy" rating to a "hold" rating in a report on Monday, July 29th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of General Electric from $212.00 to $235.00 and gave the company a "buy" rating in a report on Thursday, October 3rd. Melius Research raised their target price on General Electric from $194.00 to $202.00 in a research note on Tuesday, October 22nd. Finally, Citigroup upped their price target on General Electric from $198.00 to $216.00 and gave the stock a "buy" rating in a research note on Thursday, October 10th. Two research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $200.93.

Insider Activity

In other General Electric news, SVP Riccardo Procacci sold 7,000 shares of the company's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $181.13, for a total transaction of $1,267,910.00. Following the sale, the senior vice president now directly owns 13,289 shares of the company's stock, valued at $2,407,036.57. This represents a 34.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.66% of the company's stock.

General Electric Stock Up 0.4 %

NYSE:GE traded up $0.65 on Monday, hitting $177.58. The stock had a trading volume of 2,833,782 shares, compared to its average volume of 6,228,377. General Electric has a 1 year low of $94.54 and a 1 year high of $194.80. The firm's fifty day simple moving average is $182.54 and its two-hundred day simple moving average is $170.81. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.85 and a current ratio of 1.13. The stock has a market cap of $192.19 billion, a P/E ratio of 31.21, a price-to-earnings-growth ratio of 1.75 and a beta of 1.19.

General Electric (NYSE:GE - Get Free Report) last posted its quarterly earnings data on Tuesday, October 22nd. The conglomerate reported $1.15 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.02. General Electric had a return on equity of 18.93% and a net margin of 11.48%. The business had revenue of $9.84 billion for the quarter, compared to analysts' expectations of $9.02 billion. During the same quarter in the previous year, the firm earned $0.82 earnings per share. The business's revenue was up 5.8% on a year-over-year basis. Analysts predict that General Electric will post 4.22 earnings per share for the current year.

General Electric Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Thursday, September 26th were paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date was Thursday, September 26th. General Electric's payout ratio is 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.