Callan Family Office LLC Has $2.85 Million Stock Holdings in General Electric (NYSE:GE)

Callan Family Office LLC grew its holdings in General Electric (NYSE:GE - Free Report) by 1,430.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,063 shares of the conglomerate's stock after acquiring an additional 15,948 shares during the quarter. Callan Family Office LLC's holdings in General Electric were worth $2,846,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of GE. Valley Wealth Managers Inc. bought a new position in shares of General Electric during the third quarter worth about $25,000. Peterson Financial Group Inc. bought a new position in shares of General Electric during the third quarter worth about $28,000. RPg Family Wealth Advisory LLC bought a new position in shares of General Electric during the third quarter worth about $30,000. Hager Investment Management Services LLC bought a new position in General Electric in the fourth quarter valued at approximately $27,000. Finally, Costello Asset Management INC grew its stake in General Electric by 92.0% in the third quarter. Costello Asset Management INC now owns 167 shares of the conglomerate's stock valued at $31,000 after purchasing an additional 80 shares in the last quarter. 74.77% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Northcoast Research assumed coverage on General Electric in a research report on Tuesday, January 7th. They issued a "neutral" rating for the company. Deutsche Bank Aktiengesellschaft dropped their price target on General Electric from $235.00 to $228.00 and set a "buy" rating for the company in a report on Thursday, January 2nd. Royal Bank of Canada reissued an "outperform" rating and set a $200.00 price target on shares of General Electric in a report on Wednesday, January 22nd. Bank of America lifted their price target on General Electric from $200.00 to $225.00 and gave the stock a "buy" rating in a report on Monday, January 27th. Finally, JPMorgan Chase & Co. raised their price objective on General Electric from $190.00 to $210.00 and gave the stock an "overweight" rating in a research note on Friday, January 24th. Two 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, General Electric currently has a consensus rating of "Moderate Buy" and a consensus price target of $211.31.

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General Electric Price Performance

Shares of GE traded down $1.97 during midday trading on Friday, hitting $194.08. The company's stock had a trading volume of 7,681,174 shares, compared to its average volume of 5,375,542. General Electric has a one year low of $130.38 and a one year high of $212.19. The company's fifty day simple moving average is $193.02 and its two-hundred day simple moving average is $183.11. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $208.31 billion, a price-to-earnings ratio of 32.40, a price-to-earnings-growth ratio of 2.59 and a beta of 1.19.

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 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%. As a group, equities analysts expect that General Electric will post 5.4 earnings per share for the current fiscal year.

General Electric Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, March 10th will be issued a dividend of $0.36 per share. The ex-dividend date of this dividend is Monday, March 10th. This is an increase from General Electric's previous quarterly dividend of $0.28. This represents a $1.44 annualized dividend and a yield of 0.74%. General Electric's payout ratio is presently 24.04%.

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.