Olympiad Research LP Takes $242,000 Position in General Electric (NYSE:GE)

Olympiad Research LP acquired a new position in shares of General Electric (NYSE:GE - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,453 shares of the conglomerate's stock, valued at approximately $242,000.

Several other large investors have also recently bought and sold shares of GE. State Street Corp lifted its holdings in shares of General Electric by 2.1% in the third quarter. State Street Corp now owns 43,322,827 shares of the conglomerate's stock valued at $8,181,801,000 after purchasing an additional 898,296 shares in the last quarter. Geode Capital Management LLC lifted 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 buying an additional 156,272 shares in the last quarter. Jennison Associates LLC lifted its stake in General Electric by 1.4% in the 4th quarter. Jennison Associates LLC now owns 7,878,650 shares of the conglomerate's stock valued at $1,314,080,000 after buying an additional 106,891 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in General Electric by 6.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,556,515 shares of the conglomerate's stock valued at $1,236,428,000 after buying an additional 413,388 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in General Electric by 12.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 4,106,786 shares of the conglomerate's stock worth $774,458,000 after buying an additional 457,038 shares in the last quarter. Hedge funds and other institutional investors own 74.77% of the company's stock.

Remove Ads

General Electric Trading Down 0.1 %

Shares of NYSE:GE traded down $0.21 during trading on Thursday, reaching $201.40. 3,478,607 shares of the stock were exchanged, compared to its average volume of 5,245,807. General Electric has a 12-month low of $123.06 and a 12-month high of $212.19. The firm's 50-day moving average price is $188.73 and its 200 day moving average price is $181.58. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 1.09. The firm has a market cap of $216.17 billion, a price-to-earnings ratio of 33.62, a price-to-earnings-growth ratio of 2.59 and a beta of 1.21.

General Electric (NYSE:GE - Get Free Report) last released its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.27. General Electric had a net margin of 14.31% and a return on equity of 22.19%. On average, sell-side analysts anticipate that General Electric will post 5.4 earnings per share for the current fiscal year.

General Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, March 10th will be paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.71%. This is a boost from General Electric's previous quarterly dividend of $0.28. General Electric's payout ratio is currently 24.04%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on GE. Royal Bank of Canada reaffirmed an "outperform" rating and set a $200.00 price objective on shares of General Electric in a research note on Wednesday, January 22nd. Redburn Atlantic assumed coverage on shares of General Electric in a research note on Tuesday, February 18th. They set a "buy" rating and a $250.00 price target on the stock. Northcoast Research began coverage on shares of General Electric in a research report on Tuesday, January 7th. They issued a "neutral" rating for the company. Deutsche Bank Aktiengesellschaft decreased their target price 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. Finally, Citigroup boosted their price target on General Electric from $216.00 to $235.00 and gave the company a "buy" rating in a report on Monday, January 27th. Three analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, General Electric currently has a consensus rating of "Moderate Buy" and a consensus target price of $211.31.

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.