M.E. Allison & CO. Inc. Invests $444,000 in General Electric (NYSE:GE)

M.E. Allison & CO. Inc. purchased a new position in shares of General Electric (NYSE:GE - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 2,665 shares of the conglomerate's stock, valued at approximately $444,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of GE. Jennison Associates LLC raised its stake in shares of General Electric by 91.8% during the third quarter. Jennison Associates LLC now owns 7,771,759 shares of the conglomerate's stock worth $1,465,598,000 after buying an additional 3,719,894 shares during the last quarter. International Assets Investment Management LLC raised its position in shares of General Electric by 21,069.8% during the 3rd quarter. International Assets Investment Management LLC now owns 3,173,142 shares of the conglomerate's stock valued at $598,391,000 after acquiring an additional 3,158,153 shares during the last quarter. Janus Henderson Group PLC lifted its stake in shares of General Electric by 505.8% in the 3rd quarter. Janus Henderson Group PLC now owns 1,908,434 shares of the conglomerate's stock valued at $359,882,000 after purchasing an additional 1,593,413 shares during the period. 1832 Asset Management L.P. boosted its position in shares of General Electric by 3,827.4% in the 2nd quarter. 1832 Asset Management L.P. now owns 1,100,463 shares of the conglomerate's stock worth $174,941,000 after purchasing an additional 1,072,443 shares during the last quarter. Finally, Franklin Resources Inc. grew its stake in shares of General Electric by 206.5% during the third quarter. Franklin Resources Inc. now owns 1,444,466 shares of the conglomerate's stock worth $278,247,000 after purchasing an additional 973,135 shares during the period. Institutional investors and hedge funds own 74.77% of the company's stock.

Insider Activity at General Electric

In other General Electric news, SVP Russell Stokes sold 15,550 shares of the firm's stock in a transaction on Monday, November 18th. The stock was sold at an average price of $178.29, for a total transaction of $2,772,409.50. Following the completion of the transaction, the senior vice president now owns 148,857 shares of the company's stock, valued at approximately $26,539,714.53. This trade represents a 9.46 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Riccardo Procacci sold 7,000 shares of the company's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $181.13, for a total transaction of $1,267,910.00. Following the completion of the sale, the senior vice president now owns 13,289 shares in the company, valued at approximately $2,407,036.57. This trade represents a 34.50 % decrease in their position. The disclosure for this sale can be found here. 0.66% of the stock is owned by insiders.

General Electric Stock Performance

GE traded up $3.09 on Monday, hitting $182.83. The company's stock had a trading volume of 5,887,078 shares, compared to its average volume of 4,238,171. The company has a quick ratio of 0.85, a current ratio of 1.13 and a debt-to-equity ratio of 0.95. General Electric has a 12 month low of $101.16 and a 12 month high of $194.80. The firm has a market cap of $197.87 billion, a P/E ratio of 32.13, a price-to-earnings-growth ratio of 1.40 and a beta of 1.19. The company's 50 day simple moving average is $174.33 and its 200-day simple moving average is $174.16.

General Electric (NYSE:GE - Get Free Report) last announced its quarterly earnings results on Tuesday, October 22nd. The conglomerate reported $1.15 EPS for the quarter, beating the consensus estimate of $1.13 by $0.02. The firm had revenue of $9.84 billion during the quarter, compared to the consensus estimate of $9.02 billion. General Electric had a net margin of 11.48% and a return on equity of 18.93%. The business's quarterly revenue was up 5.8% compared to the same quarter last year. During the same period last year, the firm earned $0.82 EPS. Analysts forecast that General Electric will post 4.23 EPS for the current year.

General Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Friday, December 27th will be paid a $0.28 dividend. The ex-dividend date is Friday, December 27th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.61%. General Electric's dividend payout ratio (DPR) is 19.68%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on GE shares. UBS Group raised their target price on General Electric from $223.00 to $230.00 and gave the stock a "buy" rating in a report on Wednesday, October 23rd. Wells Fargo & Company lifted their price objective on shares of General Electric from $210.00 to $225.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 11th. Northcoast Research started coverage on shares of General Electric in a report on Tuesday, January 7th. They issued a "neutral" rating on the stock. Sanford C. Bernstein increased their target price on General Electric from $201.00 to $225.00 and gave the stock an "outperform" rating in a research note on Monday, October 14th. Finally, Royal Bank of Canada lowered their price objective on shares of General Electric from $210.00 to $200.00 and set an "outperform" rating on the stock in a report on Wednesday, October 23rd. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to MarketBeat, General Electric presently has a consensus rating of "Moderate Buy" and a consensus target price of $201.47.

About General Electric

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.