General Electric (NYSE:GE) Stake Lessened by Boyd Watterson Asset Management LLC OH

Boyd Watterson Asset Management LLC OH decreased its holdings in shares of General Electric (NYSE:GE - Free Report) by 56.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,523 shares of the conglomerate's stock after selling 1,939 shares during the quarter. Boyd Watterson Asset Management LLC OH's holdings in General Electric were worth $254,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Valley Wealth Managers Inc. purchased a new position in shares of General Electric in the third quarter valued at $25,000. O Brien Wealth Partners LLC purchased a new position in General Electric in the 3rd quarter valued at about $27,000. Hager Investment Management Services LLC acquired a new stake in shares of General Electric during the fourth quarter valued at about $27,000. Peterson Financial Group Inc. purchased a new stake in shares of General Electric during the third quarter worth about $28,000. Finally, Sugar Maple Asset Management LLC acquired a new position in shares of General Electric in the fourth quarter worth about $29,000. 74.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

GE has been the topic of a number of recent analyst reports. Wells Fargo & Company upped their target price on General Electric from $225.00 to $250.00 and gave the company an "overweight" rating in a research report on Friday, January 24th. Redburn Atlantic began coverage on shares of General Electric in a report on Tuesday, February 18th. They issued a "buy" rating and a $250.00 price target on the stock. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of General Electric from $235.00 to $228.00 and set a "buy" rating for the company in a report on Thursday, January 2nd. Northcoast Research began coverage on shares of General Electric in a research note on Tuesday, January 7th. They issued a "neutral" rating on the stock. Finally, UBS Group boosted their price objective on General Electric from $215.00 to $235.00 and gave the company a "buy" rating in a report on Friday, January 24th. Three investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $211.31.

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General Electric Stock Performance

NYSE GE traded up $0.49 on Tuesday, hitting $199.20. The stock had a trading volume of 4,117,274 shares, compared to its average volume of 5,352,781. The company's 50-day moving average is $187.23 and its two-hundred day moving average is $181.22. General Electric has a one year low of $122.48 and a one year high of $212.19. The stock has a market cap of $213.80 billion, a price-to-earnings ratio of 33.25, a P/E/G ratio of 2.59 and a beta of 1.21. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.88.

General Electric (NYSE:GE - Get Free Report) last issued its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.05 by $0.27. General Electric had a return on equity of 22.19% and a net margin of 14.31%. On average, analysts expect that General Electric will post 5.4 earnings per share for the current year.

General Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 10th will be paid a dividend of $0.36 per share. This is a boost from General Electric's previous quarterly dividend of $0.28. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.72%. General Electric's payout ratio is currently 24.04%.

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.