General Electric (NYSE:GE) is Capital International Investors' 10th Largest Position

Capital International Investors decreased its stake in General Electric (NYSE:GE - Free Report) by 2.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,686,126 shares of the conglomerate's stock after selling 1,438,654 shares during the period. General Electric comprises about 1.5% of Capital International Investors' holdings, making the stock its 10th largest holding. Capital International Investors owned about 4.44% of General Electric worth $7,954,036,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Norges Bank bought a new position in General Electric during the fourth quarter worth about $2,375,439,000. Invesco Ltd. lifted its position in General Electric by 14.4% during the fourth quarter. Invesco Ltd. now owns 9,544,757 shares of the conglomerate's stock valued at $1,591,970,000 after purchasing an additional 1,204,910 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of General Electric in the 4th quarter worth $194,208,000. Franklin Resources Inc. lifted its holdings in shares of General Electric by 206.5% during the 3rd quarter. Franklin Resources Inc. now owns 1,444,466 shares of the conglomerate's stock worth $278,247,000 after acquiring an additional 973,135 shares during the last quarter. Finally, FMR LLC increased its stake in General Electric by 1.5% in the fourth quarter. FMR LLC now owns 66,823,968 shares of the conglomerate's stock valued at $11,145,570,000 after acquiring an additional 965,012 shares during the last quarter. Institutional investors own 74.77% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on GE. Redburn Atlantic assumed coverage on shares of General Electric in a research report on Tuesday, February 18th. They set a "buy" rating and a $250.00 price target for the company. Deutsche Bank Aktiengesellschaft dropped their price target on shares of General Electric from $235.00 to $228.00 and set a "buy" rating for the company in a research report on Thursday, January 2nd. Northcoast Research raised General Electric from a "neutral" rating to a "buy" rating and set a $205.00 target price on the stock in a research note on Wednesday, April 9th. Citigroup cut their price objective on General Electric from $235.00 to $227.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of General Electric from $190.00 to $210.00 and gave the company an "overweight" rating in a research report on Friday, January 24th. One analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $213.33.

General Electric Stock Up 4.7 %

Shares of GE stock traded up $8.38 during mid-day trading on Tuesday, hitting $186.73. The stock had a trading volume of 4,510,372 shares, compared to its average volume of 5,447,373. General Electric has a 12-month low of $148.83 and a 12-month high of $214.21. The firm's 50-day moving average is $195.49 and its two-hundred day moving average is $186.46. The firm has a market capitalization of $200.42 billion, a P/E ratio of 31.20, a price-to-earnings-growth ratio of 2.59 and a beta of 1.04. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81.

General Electric (NYSE:GE - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The conglomerate reported $1.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.29 by $0.20. General Electric had a net margin of 14.31% and a return on equity of 22.19%. On average, analysts predict that General Electric will post 5.4 earnings per share for the current fiscal year.

General Electric Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 10th will be issued a $0.36 dividend. The ex-dividend date is Monday, March 10th. 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 yield of 0.77%. General Electric's dividend payout ratio is currently 24.04%.

About General Electric

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.