Capital International Ltd. CA reduced its stake in General Electric (NYSE:GE - Free Report) by 12.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 74,034 shares of the conglomerate's stock after selling 10,574 shares during the period. Capital International Ltd. CA's holdings in General Electric were worth $12,348,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently added to or reduced their stakes in the company. New Age Alpha Advisors LLC lifted its holdings in shares of General Electric by 133.3% in the fourth quarter. New Age Alpha Advisors LLC now owns 147 shares of the conglomerate's stock worth $25,000 after acquiring an additional 84 shares during the last quarter. Hager Investment Management Services LLC bought a new stake in General Electric in the fourth quarter valued at approximately $27,000. Sumitomo Mitsui Financial Group Inc. bought a new position in General Electric during the fourth quarter worth $28,000. Sugar Maple Asset Management LLC acquired a new position in shares of General Electric in the 4th quarter valued at about $29,000. Finally, CBIZ Investment Advisory Services LLC acquired a new position in General Electric in the fourth quarter valued at approximately $29,000. Institutional investors own 74.77% of the company's stock.
General Electric Price Performance
NYSE:GE traded up $8.16 during midday trading on Tuesday, hitting $186.51. The company had a trading volume of 5,087,337 shares, compared to its average volume of 5,449,557. The stock's fifty day moving average price is $195.49 and its 200-day moving average price is $186.46. General Electric has a 52-week low of $148.83 and a 52-week high of $214.21. 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 capitalization of $200.18 billion, a PE ratio of 31.21, a P/E/G ratio of 2.59 and a beta of 1.04.
General Electric (NYSE:GE - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The conglomerate reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.20. General Electric had a return on equity of 22.19% and a net margin of 14.31%. As a group, research analysts expect that General Electric will post 5.4 earnings per share for the current year.
General Electric Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, March 10th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date of this dividend is Monday, March 10th. This is a positive change from General Electric's previous quarterly dividend of $0.28. General Electric's payout ratio is 24.04%.
Analyst Ratings Changes
GE has been the subject of several research reports. 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 price target for the company. UBS Group lifted their target price on General Electric from $215.00 to $235.00 and gave the stock a "buy" rating in a research note on Friday, January 24th. Royal Bank of Canada reissued an "outperform" rating and issued a $200.00 target price on shares of General Electric in a research report on Wednesday, January 22nd. Bank of America boosted their price target 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, Citigroup cut their price objective on shares of General Electric from $235.00 to $227.00 and set a "buy" rating for the company in a report on Thursday, April 10th. One analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $213.33.
Get Our Latest Research Report on General Electric
About General Electric
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Free Report)
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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