Korea Investment CORP Has $135.27 Million Stock Holdings in General Electric (NYSE:GE)

Korea Investment CORP lowered its stake in shares of General Electric (NYSE:GE - Free Report) by 16.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 810,991 shares of the conglomerate's stock after selling 163,182 shares during the period. Korea Investment CORP owned 0.08% of General Electric worth $135,265,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of General Electric by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 89,815,318 shares of the conglomerate's stock valued at $14,980,297,000 after acquiring an additional 410,172 shares during the period. State Street Corp increased its holdings in shares of General Electric by 2.1% during the 3rd quarter. State Street Corp now owns 43,322,827 shares of the conglomerate's stock worth $8,181,801,000 after acquiring an additional 898,296 shares during the last quarter. Geode Capital Management LLC raised its stake in General Electric by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 22,587,961 shares of the conglomerate's stock valued at $4,244,676,000 after acquiring an additional 156,272 shares during the period. Jennison Associates LLC lifted its holdings in General Electric by 1.4% during the 4th quarter. Jennison Associates LLC now owns 7,878,650 shares of the conglomerate's stock valued at $1,314,080,000 after purchasing an additional 106,891 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in General Electric by 1.7% during the fourth quarter. Bank of New York Mellon Corp now owns 6,766,421 shares of the conglomerate's stock worth $1,128,571,000 after purchasing an additional 115,257 shares during the period. Institutional investors and hedge funds own 74.77% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on GE shares. Deutsche Bank Aktiengesellschaft dropped 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. Royal Bank of Canada restated an "outperform" rating and set a $200.00 price objective on shares of General Electric in a research report on Wednesday, January 22nd. JPMorgan Chase & Co. upped their target price on General Electric from $190.00 to $210.00 and gave the company an "overweight" rating in a research report on Friday, January 24th. Redburn Atlantic started coverage on General Electric in a report on Tuesday, February 18th. They set a "buy" rating and a $250.00 price target for the company. Finally, Citigroup upped their price objective on General Electric from $216.00 to $235.00 and gave the company a "buy" rating in a report on Monday, January 27th. Two equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $211.31.

General Electric Price Performance

Shares of NYSE:GE traded down $6.22 during midday trading on Friday, hitting $199.66. The stock had a trading volume of 5,178,092 shares, compared to its average volume of 5,492,374. The company's 50-day moving average price is $201.52 and its 200-day moving average price is $186.50. General Electric has a fifty-two week low of $133.99 and a fifty-two 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 $214.29 billion, a P/E ratio of 33.33, a price-to-earnings-growth ratio of 2.59 and a beta of 1.19.

General Electric (NYSE:GE - Get Free Report) last issued its 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 return on equity of 22.19% and a net margin of 14.31%. As a group, equities research analysts predict that General Electric will post 5.4 EPS for the current fiscal year.

General Electric Increases Dividend

The business 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 dividend of $0.36 per share. The ex-dividend date is Monday, March 10th. This is a positive change from General Electric's previous quarterly dividend of $0.28. This represents a $1.44 annualized dividend and a dividend yield of 0.72%. General Electric's payout ratio is 24.04%.

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.