General Electric (NYSE:GE) Stock Holdings Lifted by Fulton Bank N.A.

Fulton Bank N.A. grew its position in shares of General Electric (NYSE:GE - Free Report) by 217.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,888 shares of the conglomerate's stock after acquiring an additional 4,033 shares during the quarter. Fulton Bank N.A.'s holdings in General Electric were worth $982,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Toth Financial Advisory Corp purchased a new position in General Electric in the 3rd quarter worth approximately $25,000. Valley Wealth Managers Inc. purchased a new position in shares of General Electric in the third quarter valued at $25,000. O Brien Wealth Partners LLC acquired a new stake in General Electric during the 3rd quarter valued at $27,000. Peterson Financial Group Inc. purchased a new stake in General Electric during the 3rd quarter worth $28,000. Finally, Studio Investment Management LLC boosted its position in General Electric by 97.5% in the 2nd quarter. Studio Investment Management LLC now owns 158 shares of the conglomerate's stock valued at $25,000 after buying an additional 78 shares during 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 topic of a number of analyst reports. Wells Fargo & Company lifted their target price on General Electric from $210.00 to $225.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 11th. Royal Bank of Canada reduced their target price on General Electric from $210.00 to $200.00 and set an "outperform" rating for the company in a research note on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft dropped their price target on shares of General Electric from $235.00 to $228.00 and set a "buy" rating for the company in a research note on Thursday, January 2nd. Bank of America raised their price objective on shares of General Electric from $180.00 to $200.00 and gave the stock a "buy" rating in a report on Wednesday, October 23rd. Finally, UBS Group upped their target price on shares of General Electric from $223.00 to $230.00 and gave the company a "buy" rating in a research note on Wednesday, October 23rd. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $201.47.

General Electric Stock Performance

NYSE:GE traded up $0.54 during mid-day trading on Thursday, hitting $172.85. The stock had a trading volume of 4,527,662 shares, compared to its average volume of 4,825,919. The company has a current ratio of 1.13, a quick ratio of 0.85 and a debt-to-equity ratio of 0.95. The company has a 50 day simple moving average of $174.34 and a 200-day simple moving average of $173.28. The stock has a market capitalization of $187.07 billion, a price-to-earnings ratio of 30.38, a P/E/G ratio of 1.63 and a beta of 1.19. General Electric has a 52 week low of $100.95 and a 52 week high of $194.80.

General Electric (NYSE:GE - Get Free Report) last released its quarterly earnings results on Tuesday, October 22nd. The conglomerate reported $1.15 earnings per share for the quarter, beating analysts' consensus estimates of $1.13 by $0.02. General Electric had a return on equity of 18.93% and a net margin of 11.48%. The company had revenue of $9.84 billion for the quarter, compared to analysts' expectations of $9.02 billion. During the same quarter in the previous year, the company posted $0.82 earnings per share. The business's revenue for the quarter was up 5.8% compared to the same quarter last year. On average, research analysts expect that General Electric will post 4.24 earnings per share for the current fiscal year.

General Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Friday, December 27th will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date is Friday, December 27th. General Electric's dividend payout ratio (DPR) is 19.68%.

Insider Activity at General Electric

In related news, SVP Russell Stokes sold 15,550 shares of General Electric stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $178.29, for a total transaction of $2,772,409.50. Following the transaction, the senior vice president now directly owns 148,857 shares of the company's stock, valued at $26,539,714.53. The trade was a 9.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Riccardo Procacci sold 7,000 shares of the business's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $181.13, for a total transaction of $1,267,910.00. Following the completion of the sale, the senior vice president now owns 13,289 shares in the company, valued at approximately $2,407,036.57. This trade represents a 34.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.66% of the company's stock.

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.