Park Avenue Securities LLC Boosts Position in General Electric (NYSE:GE)

Park Avenue Securities LLC raised its stake in shares of General Electric (NYSE:GE - Free Report) by 22.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 59,009 shares of the conglomerate's stock after purchasing an additional 10,940 shares during the quarter. Park Avenue Securities LLC's holdings in General Electric were worth $9,842,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Toth Financial Advisory Corp purchased a new stake in shares of General Electric in the 3rd quarter valued at $25,000. Valley Wealth Managers Inc. bought a new stake in General Electric in the third quarter worth $25,000. O Brien Wealth Partners LLC purchased a new stake in General Electric during the third quarter valued at about $27,000. Peterson Financial Group Inc. bought a new position in shares of General Electric during the third quarter valued at about $28,000. Finally, RPg Family Wealth Advisory LLC purchased a new position in shares of General Electric in the third quarter worth about $30,000. 74.77% of the stock is currently owned by institutional investors.

Insider Activity

In other General Electric news, SVP Riccardo Procacci sold 7,000 shares of the company's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $181.13, for a total transaction of $1,267,910.00. Following the transaction, the senior vice president now owns 13,289 shares in the company, valued at approximately $2,407,036.57. This represents a 34.50 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Russell Stokes sold 15,550 shares of General Electric stock in a transaction that occurred 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 sale, the senior vice president now owns 148,857 shares of the company's stock, valued at $26,539,714.53. This represents a 9.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.66% of the company's stock.

General Electric Stock Up 2.0 %

Shares of General Electric stock traded up $3.48 during midday trading on Wednesday, hitting $180.34. The company had a trading volume of 7,395,816 shares, compared to its average volume of 5,411,167. General Electric has a 52-week low of $100.95 and a 52-week high of $194.80. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.85 and a current ratio of 1.13. The stock has a market capitalization of $195.18 billion, a P/E ratio of 31.69, a P/E/G ratio of 1.63 and a beta of 1.19. The company has a 50 day moving average of $174.37 and a 200 day moving average of $173.74.

General Electric (NYSE:GE - Get Free Report) last released its earnings results on Tuesday, October 22nd. The conglomerate reported $1.15 EPS for the quarter, topping analysts' consensus estimates of $1.13 by $0.02. The firm had revenue of $9.84 billion for the quarter, compared to analysts' expectations of $9.02 billion. General Electric had a return on equity of 18.93% and a net margin of 11.48%. The company's quarterly revenue was up 5.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.82 earnings per share. On average, equities analysts predict that General Electric will post 4.24 earnings per share for the current fiscal year.

General Electric Dividend Announcement

The company also recently announced 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 annualized dividend and a dividend yield of 0.62%. General Electric's dividend payout ratio is presently 19.68%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Citigroup increased their target price on General Electric from $198.00 to $216.00 and gave the company a "buy" rating in a report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft dropped their price objective on General Electric from $235.00 to $228.00 and set a "buy" rating for the company in a research note on Thursday, January 2nd. UBS Group lifted their target price on shares of General Electric from $223.00 to $230.00 and gave the stock a "buy" rating in a research note on Wednesday, October 23rd. Northcoast Research started coverage on shares of General Electric in a report on Tuesday, January 7th. They set a "neutral" rating for the company. Finally, Melius Research raised their price target on shares of General Electric from $194.00 to $202.00 in a report on Tuesday, October 22nd. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $201.47.

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.