Fairfield Financial Advisors LTD Raises Stock Position in General Electric (NYSE:GE)

Fairfield Financial Advisors LTD grew its holdings in General Electric (NYSE:GE - Free Report) by 888.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,189 shares of the conglomerate's stock after purchasing an additional 4,664 shares during the period. Fairfield Financial Advisors LTD's holdings in General Electric were worth $865,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of GE. Avidian Wealth Enterprises LLC increased its position in shares of General Electric by 7.3% during the third quarter. Avidian Wealth Enterprises LLC now owns 2,341 shares of the conglomerate's stock valued at $441,000 after buying an additional 160 shares during the period. Graypoint LLC lifted its holdings in shares of General Electric by 8.2% in the 3rd quarter. Graypoint LLC now owns 8,342 shares of the conglomerate's stock worth $1,573,000 after acquiring an additional 634 shares during the last quarter. Cozad Asset Management Inc. boosted its position in General Electric by 23.7% during the third quarter. Cozad Asset Management Inc. now owns 1,738 shares of the conglomerate's stock valued at $328,000 after buying an additional 333 shares during the period. Principal Financial Group Inc. lifted its position in General Electric by 3.8% in the third quarter. Principal Financial Group Inc. now owns 1,323,553 shares of the conglomerate's stock valued at $249,596,000 after purchasing an additional 48,543 shares during the last quarter. Finally, Kornitzer Capital Management Inc. KS boosted its stake in shares of General Electric by 4.5% during the third quarter. Kornitzer Capital Management Inc. KS now owns 7,522 shares of the conglomerate's stock valued at $1,418,000 after purchasing an additional 325 shares during the period. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

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General Electric Stock Down 1.0 %

Shares of GE traded down $1.94 on Tuesday, hitting $190.18. 2,030,709 shares of the stock traded hands, compared to its average volume of 5,318,657. General Electric has a one year low of $131.14 and a one year high of $212.19. The company has a market capitalization of $204.12 billion, a PE ratio of 31.82, a P/E/G ratio of 2.59 and a beta of 1.19. The business has a 50 day simple moving average of $193.49 and a 200 day simple moving average of $183.35. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 1.09.

General Electric (NYSE:GE - Get Free Report) last issued its earnings results on Thursday, January 23rd. The conglomerate reported $1.32 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%. As a group, equities analysts forecast 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. This represents a $1.44 annualized dividend and a yield of 0.76%. This is an increase from General Electric's previous quarterly dividend of $0.28. The ex-dividend date is Monday, March 10th. General Electric's dividend payout ratio (DPR) is presently 24.04%.

Analysts Set New Price Targets

GE has been the subject of a number of analyst reports. Bank of America increased their target price on shares of General Electric from $200.00 to $225.00 and gave the stock a "buy" rating in a report on Monday, January 27th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $200.00 price target on shares of General Electric in a research note on Wednesday, January 22nd. Citigroup raised their price objective on General Electric from $216.00 to $235.00 and gave the company a "buy" rating in a research report on Monday, January 27th. Redburn Atlantic started coverage on shares of General Electric in a research report on Tuesday, February 18th. They issued a "buy" rating and a $250.00 target price on the stock. Finally, JPMorgan Chase & Co. lifted their price target 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. Two investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $211.31.

General Electric 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.