Roman Butler Fullerton & Co. Has $790,000 Stock Holdings in General Electric (NYSE:GE)

Roman Butler Fullerton & Co. lessened its holdings in shares of General Electric (NYSE:GE - Free Report) by 71.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 4,736 shares of the conglomerate's stock after selling 12,139 shares during the period. Roman Butler Fullerton & Co.'s holdings in General Electric were worth $790,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in GE. Toth Financial Advisory Corp acquired a new stake in General Electric in the 3rd quarter worth $25,000. Valley Wealth Managers Inc. acquired a new stake in General Electric during the third quarter worth about $25,000. O Brien Wealth Partners LLC acquired a new stake in General Electric during the third quarter worth about $27,000. Hager Investment Management Services LLC bought a new position in General Electric during the fourth quarter valued at about $27,000. Finally, Peterson Financial Group Inc. acquired a new position in General Electric in the 3rd quarter valued at approximately $28,000. Institutional investors own 74.77% of the company's stock.

Analyst Upgrades and Downgrades

GE has been the topic of a number of research reports. Melius Research boosted their price objective on General Electric from $194.00 to $202.00 in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. boosted their price target on shares of General Electric from $190.00 to $210.00 and gave the company an "overweight" rating in a report on Friday, January 24th. UBS Group raised their price objective on shares of General Electric from $215.00 to $235.00 and gave the stock a "buy" rating in a report on Friday, January 24th. Wells Fargo & Company upped their target price on shares of General Electric from $225.00 to $250.00 and gave the company an "overweight" rating in a research note on Friday, January 24th. Finally, Redburn Atlantic began coverage on shares of General Electric in a research note on Tuesday. They set a "buy" rating and a $250.00 price target for the company. Three analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, General Electric presently has a consensus rating of "Moderate Buy" and an average target price of $211.31.

General Electric Price Performance

NYSE:GE traded up $1.67 during mid-day trading on Tuesday, reaching $209.94. 4,395,356 shares of the company were exchanged, compared to its average volume of 5,586,972. 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 stock has a market cap of $225.33 billion, a PE ratio of 35.05, a PEG ratio of 2.56 and a beta of 1.22. General Electric has a 12 month low of $118.13 and a 12 month high of $212.19. The company has a fifty day moving average of $183.40 and a 200 day moving average of $179.67.

General Electric (NYSE:GE - Get Free Report) last issued its quarterly earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share for the quarter, beating analysts' consensus estimates of $1.05 by $0.27. General Electric had a net margin of 14.31% and a return on equity of 22.19%. On average, research analysts anticipate that General Electric will post 5.39 EPS for the current fiscal year.

General Electric Increases Dividend

The company also recently declared 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 boost from General Electric's previous quarterly dividend of $0.28. This represents a $1.44 annualized dividend and a yield of 0.69%. General Electric's dividend payout ratio (DPR) is currently 18.70%.

General Electric Company 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.