4,350 Shares in General Electric (NYSE:GE) Bought by Johnson & White Wealth Management LLC

Johnson & White Wealth Management LLC purchased a new stake in shares of General Electric (NYSE:GE - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,350 shares of the conglomerate's stock, valued at approximately $733,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Tsfg LLC boosted its holdings in shares of General Electric by 12.8% during the third quarter. Tsfg LLC now owns 485 shares of the conglomerate's stock worth $92,000 after purchasing an additional 55 shares during the period. Strategic Advisors LLC boosted its stake in shares of General Electric by 2.6% during the 3rd quarter. Strategic Advisors LLC now owns 2,267 shares of the conglomerate's stock valued at $428,000 after buying an additional 58 shares during the period. Mitchell Mcleod Pugh & Williams Inc. boosted its stake in shares of General Electric by 1.0% during the 3rd quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 6,299 shares of the conglomerate's stock valued at $1,188,000 after buying an additional 60 shares during the period. Meridian Management Co. increased its stake in shares of General Electric by 1.2% in the third quarter. Meridian Management Co. now owns 5,153 shares of the conglomerate's stock worth $972,000 after acquiring an additional 61 shares during the last quarter. Finally, Mayflower Financial Advisors LLC raised its holdings in shares of General Electric by 3.0% during the third quarter. Mayflower Financial Advisors LLC now owns 2,115 shares of the conglomerate's stock worth $399,000 after acquiring an additional 62 shares in the last quarter. Institutional investors and hedge funds own 74.77% of the company's stock.

General Electric Stock Performance

NYSE GE traded up $5.20 during trading on Tuesday, hitting $176.77. The company's stock had a trading volume of 6,431,001 shares, compared to its average volume of 5,162,674. General Electric has a 52 week low of $100.95 and a 52 week high of $194.80. The company has a quick ratio of 0.85, a current ratio of 1.13 and a debt-to-equity ratio of 0.95. The firm has a market cap of $191.32 billion, a P/E ratio of 31.07, a price-to-earnings-growth ratio of 1.63 and a beta of 1.19. The firm has a 50 day moving average price of $174.34 and a 200 day moving average price of $173.62.

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

General Electric Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Friday, December 27th will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 0.63%. The ex-dividend date of this dividend is Friday, December 27th. General Electric's payout ratio is presently 19.68%.

Analysts Set New Price Targets

GE has been the topic of a number of recent research reports. Citigroup boosted their target price on General Electric from $198.00 to $216.00 and gave the company a "buy" rating in a research note on Thursday, October 10th. Royal Bank of Canada dropped their price objective on General Electric from $210.00 to $200.00 and set an "outperform" rating on the stock in a report on Wednesday, October 23rd. Sanford C. Bernstein lifted their target price on shares of General Electric from $201.00 to $225.00 and gave the company an "outperform" rating in a research note on Monday, October 14th. Northcoast Research assumed coverage on shares of General Electric in a research note on Tuesday, January 7th. They set a "neutral" rating on the stock. Finally, Melius Research lifted their price objective on shares of General Electric from $194.00 to $202.00 in a research note on Tuesday, October 22nd. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $201.47.

Insider Buying and Selling

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

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.