Coastline Trust Co Acquires 5,938 Shares of General Electric (NYSE:GE)

Coastline Trust Co increased its position in shares of General Electric (NYSE:GE - Free Report) by 101.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,772 shares of the conglomerate's stock after purchasing an additional 5,938 shares during the period. Coastline Trust Co's holdings in General Electric were worth $1,963,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of GE. New Age Alpha Advisors LLC raised its holdings in shares of General Electric by 133.3% in the 4th quarter. New Age Alpha Advisors LLC now owns 147 shares of the conglomerate's stock worth $25,000 after buying an additional 84 shares in the last quarter. Hager Investment Management Services LLC acquired a new position in General Electric during the fourth quarter worth $27,000. Sumitomo Mitsui Financial Group Inc. acquired a new position in General Electric during the fourth quarter worth $28,000. Sugar Maple Asset Management LLC bought a new position in shares of General Electric during the fourth quarter valued at $29,000. Finally, CBIZ Investment Advisory Services LLC acquired a new stake in shares of General Electric in the 4th quarter valued at $29,000. 74.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on GE. Deutsche Bank Aktiengesellschaft cut their price target 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. Bank of America boosted their target price on General Electric from $200.00 to $225.00 and gave the stock a "buy" rating in a report on Monday, January 27th. JPMorgan Chase & Co. raised their price target on General Electric from $190.00 to $210.00 and gave the company an "overweight" rating in a report on Friday, January 24th. Northcoast Research raised General Electric from a "neutral" rating to a "buy" rating and set a $205.00 price objective on the stock in a research note on Wednesday, April 9th. Finally, UBS Group lifted their price target on General Electric from $215.00 to $235.00 and gave the company a "buy" rating in a report on Friday, January 24th. One investment analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, General Electric has an average rating of "Moderate Buy" and an average price target of $213.33.

General Electric Trading Down 0.3 %

Shares of GE stock traded down $0.57 on Friday, reaching $181.88. The company had a trading volume of 4,927,432 shares, compared to its average volume of 5,436,847. The company has a 50-day moving average of $196.12 and a 200-day moving average of $186.52. General Electric has a 12 month low of $148.83 and a 12 month high of $214.21. The stock has a market cap of $195.21 billion, a PE ratio of 30.36, a PEG ratio of 2.59 and a beta of 1.04. 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 issued its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate 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, equities analysts forecast 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 given a $0.36 dividend. 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 0.79%. The ex-dividend date of this dividend is Monday, March 10th. General Electric's payout ratio is currently 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.