BigSur Wealth Management LLC Acquires 2,000 Shares of General Electric (NYSE:GE)

BigSur Wealth Management LLC grew its holdings in General Electric (NYSE:GE - Free Report) by 14.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,387 shares of the conglomerate's stock after purchasing an additional 2,000 shares during the period. BigSur Wealth Management LLC's holdings in General Electric were worth $2,571,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Ervin Investment Management LLC increased its stake in General Electric by 25.1% in the 4th quarter. Ervin Investment Management LLC now owns 3,709 shares of the conglomerate's stock valued at $619,000 after buying an additional 745 shares during the period. True Link Financial Advisors LLC increased its stake in shares of General Electric by 12.2% in the fourth quarter. True Link Financial Advisors LLC now owns 2,470 shares of the conglomerate's stock worth $412,000 after acquiring an additional 268 shares during the last quarter. UMB Bank n.a. raised its holdings in shares of General Electric by 15.3% during the fourth quarter. UMB Bank n.a. now owns 8,760 shares of the conglomerate's stock worth $1,461,000 after acquiring an additional 1,160 shares in the last quarter. M.E. Allison & CO. Inc. acquired a new stake in General Electric during the fourth quarter valued at $444,000. Finally, FOCUS Wealth Advisors LLC grew its stake in General Electric by 2.5% in the fourth quarter. FOCUS Wealth Advisors LLC now owns 13,392 shares of the conglomerate's stock valued at $2,234,000 after purchasing an additional 332 shares in the last quarter. Institutional investors and hedge funds own 74.77% of the company's stock.

General Electric Stock Performance

GE stock traded up $3.09 during midday trading on Monday, hitting $182.83. The stock had a trading volume of 5,887,078 shares, compared to its average volume of 4,238,171. General Electric has a 52 week low of $101.16 and a 52 week high of $194.80. The company has a current ratio of 1.13, a quick ratio of 0.85 and a debt-to-equity ratio of 0.95. The stock has a 50-day simple moving average of $174.33 and a 200 day simple moving average of $174.16. The firm has a market capitalization of $197.87 billion, a price-to-earnings ratio of 32.13, a P/E/G ratio of 1.40 and a beta of 1.19.

General Electric (NYSE:GE - Get Free Report) last issued its earnings results on Tuesday, October 22nd. The conglomerate reported $1.15 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.02. General Electric had a net margin of 11.48% and a return on equity of 18.93%. The business had revenue of $9.84 billion for the quarter, compared to analyst estimates of $9.02 billion. During the same period in the previous year, the business earned $0.82 EPS. The firm's revenue was up 5.8% on a year-over-year basis. As a group, equities research analysts anticipate that General Electric will post 4.23 earnings per share for the current year.

General Electric Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 27th will be given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date is Friday, December 27th. General Electric's dividend payout ratio (DPR) is 19.68%.

Insiders Place Their Bets

In related news, SVP Riccardo Procacci sold 7,000 shares of the business's 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 completion of the transaction, the senior vice president now owns 13,289 shares in the company, valued at $2,407,036.57. The trade was a 34.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Russell Stokes sold 15,550 shares of the company's 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 transaction, the senior vice president now directly owns 148,857 shares in the company, valued at approximately $26,539,714.53. This represents a 9.46 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.66% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Northcoast Research initiated coverage on General Electric in a report on Tuesday, January 7th. They set a "neutral" rating for the company. Sanford C. Bernstein lifted their target price on shares of General Electric from $201.00 to $225.00 and gave the company an "outperform" rating in a research note on Monday, October 14th. 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 note on Thursday, January 2nd. Bank of America boosted their price target on General Electric from $180.00 to $200.00 and gave the stock a "buy" rating in a research report on Wednesday, October 23rd. Finally, Wells Fargo & Company increased their price objective on General Electric from $210.00 to $225.00 and gave the company an "overweight" rating in a report on Wednesday, December 11th. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $201.47.

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.