Fox Run Management L.L.C. Purchases Shares of 9,132 General Electric (NYSE:GE)

Fox Run Management L.L.C. purchased a new position in shares of General Electric (NYSE:GE - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 9,132 shares of the conglomerate's stock, valued at approximately $1,523,000.

A number of other large investors have also modified their holdings of the company. Truvestments Capital LLC lifted its holdings in General Electric by 26.2% in the fourth quarter. Truvestments Capital LLC now owns 236 shares of the conglomerate's stock worth $39,000 after purchasing an additional 49 shares during the period. Ballast Advisors LLC increased its stake in shares of General Electric by 2.5% during the fourth quarter. Ballast Advisors LLC now owns 2,093 shares of the conglomerate's stock valued at $349,000 after acquiring an additional 51 shares during the period. Blue Barn Wealth LLC raised its holdings in General Electric by 3.8% during the fourth quarter. Blue Barn Wealth LLC now owns 1,466 shares of the conglomerate's stock worth $245,000 after purchasing an additional 54 shares in the last quarter. Game Plan Financial Advisors LLC lifted its position in General Electric by 10.5% in the fourth quarter. Game Plan Financial Advisors LLC now owns 578 shares of the conglomerate's stock worth $96,000 after purchasing an additional 55 shares during the period. Finally, Red Door Wealth Management LLC boosted its stake in General Electric by 4.0% during the 4th quarter. Red Door Wealth Management LLC now owns 1,444 shares of the conglomerate's stock valued at $241,000 after purchasing an additional 56 shares in the last quarter. Institutional investors and hedge funds own 74.77% of the company's stock.

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Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on GE shares. Wells Fargo & Company upped their price target on shares of General Electric from $225.00 to $250.00 and gave the company an "overweight" rating in a report on Friday, January 24th. Bank of America lifted their price target on shares of General Electric from $200.00 to $225.00 and gave the stock a "buy" rating in a research 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 report on Wednesday, January 22nd. Redburn Atlantic initiated coverage on General Electric in a research report on Tuesday, February 18th. They set a "buy" rating and a $250.00 target price on the stock. Finally, JPMorgan Chase & Co. lifted their price target on General Electric from $190.00 to $210.00 and gave the stock an "overweight" rating in a research note on Friday, January 24th. Two analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $211.31.

General Electric Stock Up 0.8 %

Shares of GE traded up $1.75 during midday trading on Tuesday, reaching $211.98. 1,867,016 shares of the stock were exchanged, compared to its average volume of 5,350,355. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.88. The company has a market cap of $227.51 billion, a price-to-earnings ratio of 35.35, a P/E/G ratio of 2.59 and a beta of 1.19. The firm has a 50 day simple moving average of $199.41 and a 200-day simple moving average of $185.47. General Electric has a 12-month low of $133.99 and a 12-month high of $212.19.

General Electric (NYSE:GE - Get Free Report) last released 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%. Research analysts forecast that General Electric will post 5.4 EPS for the current year.

General Electric Increases Dividend

The business also recently announced 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 is a positive change from General Electric's previous quarterly dividend of $0.28. This represents a $1.44 annualized dividend and a yield of 0.68%. The ex-dividend date of this dividend is Monday, March 10th. General Electric's payout ratio is 24.04%.

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.