Portfolio Design Labs LLC Grows Stake in General Electric (NYSE:GE)

Portfolio Design Labs LLC lifted its holdings in General Electric (NYSE:GE - Free Report) by 30.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 24,465 shares of the conglomerate's stock after purchasing an additional 5,747 shares during the period. General Electric accounts for approximately 0.8% of Portfolio Design Labs LLC's portfolio, making the stock its 29th biggest holding. Portfolio Design Labs LLC's holdings in General Electric were worth $4,081,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of GE. Toth Financial Advisory Corp bought a new position in shares of General Electric during the 3rd quarter worth approximately $25,000. Valley Wealth Managers Inc. acquired a new position in shares of General Electric in the 3rd quarter valued at $25,000. O Brien Wealth Partners LLC bought a new position in General Electric during the 3rd quarter worth approximately $27,000. Hager Investment Management Services LLC acquired a new position in General Electric in the fourth quarter valued at about $27,000. Finally, Peterson Financial Group Inc. acquired a new stake in shares of General Electric during the third quarter worth $28,000. 74.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. increased their price objective on shares of General Electric from $190.00 to $210.00 and gave the stock an "overweight" rating in a research note on Friday, January 24th. Citigroup raised their price target on shares of General Electric from $216.00 to $235.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Deutsche Bank Aktiengesellschaft cut their target price on General Electric from $235.00 to $228.00 and set a "buy" rating for the company in a research report on Thursday, January 2nd. Wells Fargo & Company upped their price target on shares of General Electric from $225.00 to $250.00 and gave the stock an "overweight" rating in a report on Friday, January 24th. Finally, Bank of America lifted their target price on General Electric from $200.00 to $225.00 and gave the company a "buy" rating in a research report on Monday, January 27th. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $208.73.

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General Electric Trading Up 0.1 %

GE stock traded up $0.26 during trading on Friday, hitting $208.62. The company had a trading volume of 4,267,083 shares, compared to its average volume of 6,009,583. The business has a 50-day moving average of $182.66 and a 200-day moving average of $179.25. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88. General Electric has a one year low of $117.43 and a one year high of $211.42. The stock has a market cap of $223.91 billion, a PE ratio of 34.83, a PEG ratio of 2.56 and a beta of 1.22.

General Electric (NYSE:GE - Get Free Report) last released its earnings results on Thursday, January 23rd. The conglomerate reported $1.32 EPS for the quarter, topping the consensus estimate of $1.05 by $0.27. General Electric had a return on equity of 22.19% and a net margin of 14.31%. Research analysts predict that General Electric will post 5.39 earnings per share for the current fiscal year.

General Electric Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 10th will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 0.69%. This is a positive change from General Electric's previous quarterly dividend of $0.28. General Electric's payout ratio is presently 18.70%.

Insider Transactions at General Electric

In other news, SVP Russell Stokes sold 15,550 shares of General Electric stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $178.29, for a total transaction of $2,772,409.50. Following the completion of the transaction, the senior vice president now directly owns 148,857 shares in the company, valued at $26,539,714.53. This trade represents a 9.46 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.66% of the stock is owned by insiders.

About General Electric

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.