157,727 Shares in General Electric (NYSE:GE) Purchased by DSM Capital Partners LLC

DSM Capital Partners LLC purchased a new position in shares of General Electric (NYSE:GE - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 157,727 shares of the conglomerate's stock, valued at approximately $25,074,000. General Electric accounts for about 0.4% of DSM Capital Partners LLC's investment portfolio, making the stock its 24th largest holding.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rathbones Group PLC grew its holdings in General Electric by 2.7% in the fourth quarter. Rathbones Group PLC now owns 225,814 shares of the conglomerate's stock valued at $28,821,000 after purchasing an additional 5,997 shares during the period. Marietta Investment Partners LLC acquired a new stake in General Electric in the second quarter valued at approximately $1,569,000. Vanguard Group Inc. grew its holdings in General Electric by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 88,444,222 shares of the conglomerate's stock valued at $11,288,136,000 after purchasing an additional 550,996 shares during the period. GAMMA Investing LLC grew its holdings in General Electric by 25.4% in the second quarter. GAMMA Investing LLC now owns 16,999 shares of the conglomerate's stock valued at $2,702,000 after purchasing an additional 3,442 shares during the period. Finally, Blair William & Co. IL grew its holdings in General Electric by 4.4% in the second quarter. Blair William & Co. IL now owns 181,971 shares of the conglomerate's stock valued at $28,928,000 after purchasing an additional 7,670 shares during the period. 74.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on GE. StockNews.com lowered General Electric from a "buy" rating to a "hold" rating in a research note on Monday, July 29th. Wells Fargo & Company lifted their price target on General Electric from $192.00 to $205.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 24th. Sanford C. Bernstein began coverage on General Electric in a research note on Tuesday, September 10th. They issued an "outperform" rating and a $201.00 price target on the stock. UBS Group lifted their price target on General Electric from $201.00 to $209.00 and gave the stock a "buy" rating in a research note on Monday, July 1st. Finally, Barclays lifted their price target on General Electric from $175.00 to $200.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 30th. Two research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $191.36.

General Electric Trading Down 1.9 %

Shares of General Electric stock traded down $3.55 during trading hours on Thursday, hitting $185.50. The company's stock had a trading volume of 2,283,813 shares, compared to its average volume of 6,574,483. General Electric has a twelve month low of $84.42 and a twelve month high of $190.88. The firm has a fifty day moving average of $170.46 and a 200-day moving average of $170.42. The stock has a market cap of $201.14 billion, a price-to-earnings ratio of 61.14, a P/E/G ratio of 1.87 and a beta of 1.18. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.85 and a current ratio of 1.14.

General Electric (NYSE:GE - Get Free Report) last announced its quarterly earnings results on Tuesday, July 23rd. The conglomerate reported $1.20 EPS for the quarter, beating the consensus estimate of $0.99 by $0.21. General Electric had a return on equity of 16.07% and a net margin of 7.66%. The business had revenue of $9.09 billion for the quarter, compared to analyst estimates of $8.44 billion. During the same quarter in the prior year, the company posted $0.68 EPS. The company's quarterly revenue was up 3.9% on a year-over-year basis. Research analysts forecast that General Electric will post 4.2 EPS for the current year.

General Electric Announces Dividend

The firm also recently declared 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 annualized dividend and a dividend yield of 0.60%. The ex-dividend date of this dividend is Thursday, September 26th. General Electric's dividend payout ratio (DPR) is presently 36.72%.

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.