Wealthcare Capital Partners LLC Takes Position in General Electric (NYSE:GE)

Wealthcare Capital Partners LLC acquired a new stake in shares of General Electric (NYSE:GE - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,706 shares of the conglomerate's stock, valued at approximately $285,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Toth Financial Advisory Corp bought a new position in shares of General Electric during the third quarter valued at approximately $25,000. Valley Wealth Managers Inc. bought a new position in shares of General Electric during the third quarter valued at approximately $25,000. O Brien Wealth Partners LLC bought a new position in shares of General Electric during the third quarter valued at approximately $27,000. Peterson Financial Group Inc. bought a new position in shares of General Electric during the third quarter valued at approximately $28,000. Finally, RPg Family Wealth Advisory LLC bought a new position in shares of General Electric during the third quarter valued at approximately $30,000. Institutional investors and hedge funds own 74.77% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on GE. Bank of America upped their target price on General Electric from $200.00 to $225.00 and gave the company a "buy" rating in a report on Monday, January 27th. Citigroup increased their price objective on General Electric from $216.00 to $235.00 and gave the stock a "buy" rating in a report on Monday, January 27th. Royal Bank of Canada reissued an "outperform" rating and issued a $200.00 price objective on shares of General Electric in a report on Wednesday, January 22nd. UBS Group increased their price objective on General Electric from $215.00 to $235.00 and gave the stock a "buy" rating in a report on Friday, January 24th. Finally, Melius Research increased their price objective on General Electric from $194.00 to $202.00 in a report on Tuesday, October 22nd. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $208.73.

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Insider Activity

In other news, SVP Russell Stokes sold 15,550 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $178.29, for a total value of $2,772,409.50. Following the completion of the sale, the senior vice president now owns 148,857 shares in the company, valued at $26,539,714.53. This represents a 9.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.66% of the company's stock.

General Electric Price Performance

GE traded down $0.26 during trading on Friday, reaching $208.10. The stock had a trading volume of 2,546,932 shares, compared to its average volume of 5,563,921. The firm has a market capitalization of $223.35 billion, a price-to-earnings ratio of 34.76, a price-to-earnings-growth ratio of 2.56 and a beta of 1.22. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.88. General Electric has a 1-year low of $117.43 and a 1-year high of $211.42. The stock has a 50 day moving average of $182.00 and a two-hundred day moving average of $178.98.

General Electric (NYSE:GE - Get Free Report) last announced its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 EPS for the quarter, beating analysts' consensus estimates of $1.05 by $0.27. General Electric had a return on equity of 22.19% and a net margin of 14.31%. As a group, equities analysts anticipate that General Electric will post 5.39 EPS 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. Stockholders of record on Monday, March 10th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.69%. This is an increase from General Electric's previous quarterly dividend of $0.28. General Electric's dividend payout ratio is 18.70%.

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.