General Electric (NYSE:GE) Shares Bought by Cordatus Wealth Management LLC

Cordatus Wealth Management LLC grew its holdings in shares of General Electric (NYSE:GE - Free Report) by 66.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 16,546 shares of the conglomerate's stock after buying an additional 6,599 shares during the quarter. Cordatus Wealth Management LLC's holdings in General Electric were worth $2,759,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of GE. State Street Corp lifted 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 valued at $8,181,801,000 after buying an additional 898,296 shares in the last quarter. Geode Capital Management LLC increased its position in shares of General Electric by 0.7% during the third quarter. Geode Capital Management LLC now owns 22,587,961 shares of the conglomerate's stock worth $4,244,676,000 after acquiring an additional 156,272 shares during the period. Jennison Associates LLC raised its stake in shares of General Electric by 1.4% during the fourth quarter. Jennison Associates LLC now owns 7,878,650 shares of the conglomerate's stock valued at $1,314,080,000 after acquiring an additional 106,891 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of General Electric by 6.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,556,515 shares of the conglomerate's stock valued at $1,236,428,000 after purchasing an additional 413,388 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its stake in General Electric by 12.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 4,106,786 shares of the conglomerate's stock worth $774,458,000 after purchasing an additional 457,038 shares in the last quarter. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

GE has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft decreased their target price on General Electric from $235.00 to $228.00 and set a "buy" rating for the company in a research report on Thursday, January 2nd. Citigroup lifted their price objective on General Electric from $216.00 to $235.00 and gave the company a "buy" rating in a report on Monday, January 27th. JPMorgan Chase & Co. increased their target price on shares of General Electric from $190.00 to $210.00 and gave the stock an "overweight" rating in a report on Friday, January 24th. Bank of America raised their target price 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. Finally, Northcoast Research initiated coverage on shares of General Electric in a research report on Tuesday, January 7th. They issued a "neutral" rating for the company. Three research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, General Electric currently has a consensus rating of "Moderate Buy" and an average target price of $211.31.

General Electric Stock Down 4.2 %

General Electric stock traded down $8.84 during midday trading on Friday, reaching $199.90. The company's stock had a trading volume of 5,410,517 shares, compared to its average volume of 5,419,847. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81. The stock has a market capitalization of $214.55 billion, a P/E ratio of 33.37, a PEG ratio of 2.62 and a beta of 1.22. The stock's 50-day simple moving average is $185.89 and its 200-day simple moving average is $180.43. General Electric has a 52-week low of $119.88 and a 52-week high of $212.19.

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 (EPS) for the quarter, beating 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%. On average, sell-side analysts expect that General Electric will post 5.4 EPS for the current year.

General Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, March 10th will be paid a dividend of $0.36 per share. This is an increase from General Electric's previous quarterly dividend of $0.28. This represents a $1.44 annualized dividend and a dividend yield of 0.72%. General Electric's payout ratio is presently 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.