Marietta Investment Partners LLC Makes New Investment in General Electric (NYSE:GE)

Marietta Investment Partners LLC bought a new stake in shares of General Electric (NYSE:GE - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 9,872 shares of the conglomerate's stock, valued at approximately $1,569,000.

Several other large investors also recently modified their holdings of the stock. Studio Investment Management LLC raised its position in General Electric by 97.5% during the second quarter. Studio Investment Management LLC now owns 158 shares of the conglomerate's stock valued at $25,000 after purchasing an additional 78 shares in the last quarter. MFA Wealth Advisors LLC acquired a new position in shares of General Electric during the 2nd quarter worth $31,000. Kapitalo Investimentos Ltda bought a new stake in shares of General Electric during the 4th quarter worth $32,000. Financial Connections Group Inc. acquired a new stake in General Electric in the second quarter valued at about $32,000. Finally, Richardson Financial Services Inc. acquired a new stake in General Electric in the first quarter valued at about $34,000. 74.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

GE has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft increased their target price on shares of General Electric from $210.00 to $212.00 and gave the stock a "buy" rating in a report on Friday. Sanford C. Bernstein began coverage on shares of General Electric in a research note on Tuesday, September 10th. They issued an "outperform" rating and a $201.00 price objective for the company. UBS Group boosted their target price on shares of General Electric from $201.00 to $209.00 and gave the stock a "buy" rating in a research note on Monday, July 1st. Wells Fargo & Company upped their price target on shares of General Electric from $192.00 to $205.00 and gave the stock an "overweight" rating in a report on Wednesday, July 24th. Finally, StockNews.com downgraded General Electric from a "buy" rating to a "hold" rating in a report on Monday, July 29th. Two analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $191.36.

General Electric Trading Up 0.7 %

Shares of General Electric stock traded up $1.28 during midday trading on Monday, reaching $188.71. The company had a trading volume of 3,971,490 shares, compared to its average volume of 6,632,712. The stock has a fifty day moving average price of $169.27 and a 200 day moving average price of $170.43. General Electric has a fifty-two week low of $84.42 and a fifty-two week high of $189.78. The firm has a market cap of $206.56 billion, a PE ratio of 61.87, a P/E/G ratio of 1.65 and a beta of 1.18. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.14 and a quick ratio of 0.85.

General Electric (NYSE:GE - Get Free Report) last issued its quarterly earnings results on Tuesday, July 23rd. The conglomerate reported $1.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.99 by $0.21. General Electric had a net margin of 7.66% and a return on equity of 16.07%. The firm had revenue of $9.09 billion for the quarter, compared to the consensus estimate of $8.44 billion. During the same quarter in the previous year, the company earned $0.68 EPS. The company's revenue for the quarter was up 3.9% on a year-over-year basis. On average, equities analysts anticipate that General Electric will post 4.2 earnings per share for the current year.

General Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Thursday, September 26th will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date of this dividend is Thursday, September 26th. General Electric's dividend payout ratio is 36.72%.

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.