Capital International Sarl boosted its holdings in shares of General Electric (NYSE:GE - Free Report) by 10.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 173,889 shares of the conglomerate's stock after acquiring an additional 16,757 shares during the quarter. Capital International Sarl's holdings in General Electric were worth $29,003,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Fairfield Bush & CO. lifted its holdings in General Electric by 109.6% during the 4th quarter. Fairfield Bush & CO. now owns 8,204 shares of the conglomerate's stock worth $1,368,000 after buying an additional 4,290 shares in the last quarter. Canada Pension Plan Investment Board raised its position in shares of General Electric by 11.5% during the fourth quarter. Canada Pension Plan Investment Board now owns 7,551,038 shares of the conglomerate's stock worth $1,259,438,000 after purchasing an additional 781,574 shares during the period. Farringdon Capital Ltd. bought a new stake in shares of General Electric during the fourth quarter worth $371,000. Gratus Wealth Advisors LLC increased its holdings in General Electric by 38.5% during the 4th quarter. Gratus Wealth Advisors LLC now owns 7,190 shares of the conglomerate's stock worth $1,199,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Advent Capital Management DE raised its position in General Electric by 33.3% in the 4th quarter. Advent Capital Management DE now owns 16,000 shares of the conglomerate's stock valued at $2,669,000 after buying an additional 4,000 shares during the last quarter. Institutional investors and hedge funds own 74.77% of the company's stock.
General Electric Price Performance
General Electric stock traded up $8.36 during midday trading on Tuesday, reaching $186.71. The company had a trading volume of 4,510,372 shares, compared to its average volume of 5,447,254. General Electric has a 12-month low of $148.83 and a 12-month high of $214.21. 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 firm's fifty day simple moving average is $195.49 and its 200-day simple moving average is $186.46. The company has a market capitalization of $200.39 billion, a P/E ratio of 31.20, a P/E/G ratio of 2.59 and a beta of 1.04.
General Electric (NYSE:GE - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The conglomerate reported $1.49 EPS for the quarter, beating the consensus estimate of $1.29 by $0.20. General Electric had a net margin of 14.31% and a return on equity of 22.19%. As a group, equities analysts anticipate that General Electric will post 5.4 EPS for the current year.
General Electric Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, March 10th will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 0.77%. This is a positive change from General Electric's previous quarterly dividend of $0.28. The ex-dividend date is Monday, March 10th. General Electric's dividend payout ratio is 24.04%.
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on GE shares. Wells Fargo & Company lifted their price target on General Electric from $203.00 to $212.00 and gave the stock an "overweight" rating in a report on Tuesday, April 15th. Northcoast Research upgraded shares of General Electric from a "neutral" rating to a "buy" rating and set a $205.00 price target for the company in a research report on Wednesday, April 9th. Bank of America increased 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. UBS Group increased their price target on General Electric from $215.00 to $235.00 and gave the stock a "buy" rating in a research note on Friday, January 24th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of General Electric from $235.00 to $228.00 and set a "buy" rating on the stock in a research report on Thursday, January 2nd. One research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $213.33.
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About General Electric
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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.
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