Check Capital Management Inc. CA Invests $555,000 in General Electric (NYSE:GE)

Check Capital Management Inc. CA purchased a new stake in General Electric (NYSE:GE - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 3,327 shares of the conglomerate's stock, valued at approximately $555,000.

Several other hedge funds and other institutional investors have also bought and sold shares of GE. Catalyst Capital Advisors LLC grew its stake in General Electric by 117.7% in the third quarter. Catalyst Capital Advisors LLC now owns 270 shares of the conglomerate's stock valued at $51,000 after acquiring an additional 146 shares during the period. Johnson & White Wealth Management LLC bought a new stake in General Electric during the 4th quarter worth approximately $733,000. State Street Corp raised its holdings in General Electric by 2.1% during the 3rd quarter. State Street Corp now owns 43,322,827 shares of the conglomerate's stock worth $8,181,801,000 after buying an additional 898,296 shares during the period. Soltis Investment Advisors LLC lifted its stake in General Electric by 269.8% in the third quarter. Soltis Investment Advisors LLC now owns 28,201 shares of the conglomerate's stock valued at $5,318,000 after buying an additional 20,575 shares in the last quarter. Finally, World Investment Advisors LLC boosted its holdings in shares of General Electric by 60.7% in the third quarter. World Investment Advisors LLC now owns 13,662 shares of the conglomerate's stock valued at $2,576,000 after buying an additional 5,162 shares during the period. Institutional investors own 74.77% of the company's stock.

Analysts Set New Price Targets

GE has been the topic of several research reports. 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. Citigroup upped their price objective on General Electric from $216.00 to $235.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Redburn Atlantic started coverage on General Electric in a research report on Tuesday. They issued a "buy" rating and a $250.00 target price on the stock. Wells Fargo & Company boosted their target price on General Electric from $225.00 to $250.00 and gave the company an "overweight" rating in a research note on Friday, January 24th. Finally, Melius Research raised their price target on shares of General Electric from $194.00 to $202.00 in a research note on Tuesday, October 22nd. Three equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, General Electric presently has a consensus rating of "Moderate Buy" and an average target price of $211.31.

General Electric Stock Performance

Shares of NYSE GE traded up $0.20 during mid-day trading on Wednesday, reaching $210.28. 2,697,067 shares of the company were exchanged, compared to its average volume of 5,496,679. General Electric has a twelve month low of $118.13 and a twelve month high of $212.19. The stock has a market capitalization of $225.69 billion, a P/E ratio of 35.11, a P/E/G ratio of 2.59 and a beta of 1.22. The company's 50-day simple moving average is $184.18 and its 200-day simple moving average is $180.02. 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 the consensus estimate of $1.05 by $0.27. General Electric had a net margin of 14.31% and a return on equity of 22.19%. As a group, research analysts predict that General Electric will post 5.39 earnings per share for the current 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 given 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 annualized dividend and a yield of 0.68%. General Electric's dividend payout ratio (DPR) is presently 18.70%.

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.