LGT Group Foundation Has $7.48 Million Position in General Electric (NYSE:GE)

LGT Group Foundation reduced its position in General Electric (NYSE:GE - Free Report) by 9.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,843 shares of the conglomerate's stock after selling 4,899 shares during the period. LGT Group Foundation's holdings in General Electric were worth $7,479,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Game Plan Financial Advisors LLC lifted its holdings in shares of General Electric by 10.5% in the fourth quarter. Game Plan Financial Advisors LLC now owns 578 shares of the conglomerate's stock valued at $96,000 after buying an additional 55 shares during the period. Red Door Wealth Management LLC raised its position in General Electric by 4.0% in the fourth quarter. Red Door Wealth Management LLC now owns 1,444 shares of the conglomerate's stock worth $241,000 after acquiring an additional 56 shares in the last quarter. WR Wealth Planners LLC raised its position in General Electric by 30.6% in the fourth quarter. WR Wealth Planners LLC now owns 239 shares of the conglomerate's stock worth $40,000 after acquiring an additional 56 shares in the last quarter. Saxon Interests Inc. lifted its holdings in General Electric by 4.2% in the 4th quarter. Saxon Interests Inc. now owns 1,425 shares of the conglomerate's stock valued at $238,000 after acquiring an additional 57 shares during the last quarter. Finally, Old North State Wealth Management LLC boosted its position in shares of General Electric by 3.0% during the 4th quarter. Old North State Wealth Management LLC now owns 1,981 shares of the conglomerate's stock valued at $331,000 after purchasing an additional 58 shares in the last quarter. Hedge funds and other institutional investors own 74.77% of the company's stock.

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General Electric Stock Down 3.2 %

GE stock traded down $6.44 during mid-day trading on Thursday, hitting $196.06. The stock had a trading volume of 5,594,984 shares, compared to its average volume of 5,320,822. The stock has a market capitalization of $210.43 billion, a price-to-earnings ratio of 32.73, a PEG ratio of 2.59 and a beta of 1.19. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88. General Electric has a 1-year low of $129.26 and a 1-year high of $212.19. The company has a fifty day moving average of $192.06 and a 200 day moving average of $182.77.

General Electric (NYSE:GE - Get Free Report) last released its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 EPS for the quarter, topping analysts' consensus estimates of $1.05 by $0.27. General Electric had a return on equity of 22.19% and a net margin of 14.31%. On average, equities analysts expect that General Electric will post 5.4 EPS for the current fiscal year.

General Electric Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 10th will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 0.73%. This is a positive change from General Electric's previous quarterly dividend of $0.28. General Electric's payout ratio is presently 24.04%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Northcoast Research assumed coverage on shares of General Electric in a report on Tuesday, January 7th. They issued a "neutral" rating on the stock. JPMorgan Chase & Co. lifted their target price on General Electric from $190.00 to $210.00 and gave the stock an "overweight" rating in a report on Friday, January 24th. Wells Fargo & Company increased their price target on General Electric from $225.00 to $250.00 and gave the company an "overweight" rating in a research report on Friday, January 24th. Bank of America boosted their price objective on General Electric from $200.00 to $225.00 and gave the stock a "buy" rating in a report on Monday, January 27th. Finally, 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 research note on Friday, January 24th. Two investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $211.31.

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.