Asset Management One Co. Ltd. Acquires 3,430 Shares of General Electric (NYSE:GE)

Asset Management One Co. Ltd. boosted its position in General Electric (NYSE:GE - Free Report) by 0.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 433,111 shares of the conglomerate's stock after purchasing an additional 3,430 shares during the period. Asset Management One Co. Ltd.'s holdings in General Electric were worth $81,676,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in GE. Newport Trust Company LLC purchased a new position in General Electric during the second quarter valued at $2,613,332,000. Capital World Investors grew its stake in shares of General Electric by 2,818.1% during the 1st quarter. Capital World Investors now owns 12,749,560 shares of the conglomerate's stock valued at $2,237,930,000 after acquiring an additional 12,312,648 shares during the period. Capital International Investors increased its holdings in General Electric by 9.9% in the 1st quarter. Capital International Investors now owns 59,100,643 shares of the conglomerate's stock worth $10,373,936,000 after acquiring an additional 5,309,543 shares in the last quarter. Canada Pension Plan Investment Board raised its stake in General Electric by 221.6% during the 1st quarter. Canada Pension Plan Investment Board now owns 7,121,741 shares of the conglomerate's stock worth $1,250,079,000 after acquiring an additional 4,907,530 shares during the period. Finally, Massachusetts Financial Services Co. MA bought a new position in shares of General Electric in the second quarter worth approximately $580,200,000. 74.77% of the stock is currently owned by institutional investors.

General Electric Trading Up 0.0 %

NYSE GE traded up $0.06 during trading hours on Monday, hitting $171.76. 4,177,963 shares of the company were exchanged, compared to its average volume of 6,318,858. The stock has a market cap of $185.89 billion, a PE ratio of 30.19, a price-to-earnings-growth ratio of 1.70 and a beta of 1.19. 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 stock has a 50-day moving average price of $180.21 and a 200 day moving average price of $169.32. General Electric has a 52 week low of $86.83 and a 52 week high of $194.80.

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General Electric (NYSE:GE - Get Free Report) last posted its quarterly earnings data on Tuesday, October 22nd. The conglomerate reported $1.15 EPS for the quarter, topping the consensus estimate of $1.13 by $0.02. General Electric had a net margin of 11.48% and a return on equity of 18.93%. The company had revenue of $9.84 billion during the quarter, compared to analyst estimates of $9.02 billion. During the same period in the previous year, the firm earned $0.82 earnings per share. General Electric's quarterly revenue was up 5.8% compared to the same quarter last year. Analysts forecast that General Electric will post 4.22 earnings per share for the current fiscal year.

General Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Thursday, September 26th were given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date was Thursday, September 26th. General Electric's dividend payout ratio (DPR) is currently 19.68%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on GE shares. Wells Fargo & Company raised their price objective on shares of General Electric from $205.00 to $210.00 and gave the company an "overweight" rating in a research report on Wednesday, October 23rd. UBS Group boosted their price objective on General Electric from $223.00 to $230.00 and gave the company a "buy" rating in a research report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft increased their target price on General Electric from $212.00 to $235.00 and gave the stock a "buy" rating in a research report on Thursday, October 3rd. Barclays boosted their price target on General Electric from $175.00 to $200.00 and gave the stock an "overweight" rating in a report on Tuesday, July 30th. Finally, Citigroup lifted their price objective on shares of General Electric from $198.00 to $216.00 and gave the company a "buy" rating in a research report on Thursday, October 10th. Two analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $200.93.

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.