CapWealth Advisors LLC Has $27.31 Million Stake in General Electric (NYSE:GE)

CapWealth Advisors LLC cut its stake in shares of General Electric (NYSE:GE - Free Report) by 1.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 163,707 shares of the conglomerate's stock after selling 1,962 shares during the period. General Electric comprises about 3.0% of CapWealth Advisors LLC's investment portfolio, making the stock its 9th biggest position. CapWealth Advisors LLC's holdings in General Electric were worth $27,305,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of GE. Creative Planning raised its holdings in General Electric by 9.0% during the third quarter. Creative Planning now owns 196,581 shares of the conglomerate's stock valued at $37,071,000 after acquiring an additional 16,258 shares during the period. Vontobel Holding Ltd. grew its position in shares of General Electric by 5.5% during the third quarter. Vontobel Holding Ltd. now owns 15,664 shares of the conglomerate's stock worth $2,954,000 after purchasing an additional 815 shares in the last quarter. B.O.S.S. Retirement Advisors LLC bought a new stake in General Electric during the 3rd quarter valued at approximately $224,000. Naviter Wealth LLC purchased a new position in General Electric in the 3rd quarter worth approximately $213,000. Finally, Global Retirement Partners LLC boosted its stake in General Electric by 9.1% in the 3rd quarter. Global Retirement Partners LLC now owns 20,574 shares of the conglomerate's stock worth $3,880,000 after purchasing an additional 1,715 shares during the period. Institutional investors own 74.77% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on GE. Bank of America lifted their price objective on shares of General Electric from $200.00 to $225.00 and gave the company a "buy" rating in a research report on Monday, January 27th. Melius Research lifted their price target on shares of General Electric from $194.00 to $202.00 in a report on Tuesday, October 22nd. Northcoast Research initiated coverage on shares of General Electric in a report on Tuesday, January 7th. They set a "neutral" rating for the company. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $200.00 target price on shares of General Electric in a report on Wednesday, January 22nd. Finally, 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 research note on Thursday, January 2nd. Three investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $211.31.

General Electric Trading Up 0.8 %

Shares of NYSE GE traded up $1.67 during trading hours on Tuesday, hitting $209.94. 4,395,356 shares of the company traded hands, compared to its average volume of 5,586,972. The company's 50 day moving average price is $183.40 and its 200 day moving average price is $179.67. General Electric has a 12 month low of $118.13 and a 12 month high of $212.19. The stock has a market capitalization of $225.33 billion, a price-to-earnings ratio of 35.05, a price-to-earnings-growth ratio of 2.56 and a beta of 1.22. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88.

General Electric (NYSE:GE - Get Free Report) last posted its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share for the quarter, beating analysts' consensus estimates of $1.05 by $0.27. General Electric had a net margin of 14.31% and a return on equity of 22.19%. On average, equities research analysts anticipate that General Electric will post 5.39 earnings per share for the current fiscal year.

General Electric Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, March 10th will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 0.69%. This is an increase from General Electric's previous quarterly dividend of $0.28. General Electric's dividend payout ratio (DPR) is presently 18.70%.

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.