1,766 Shares in General Electric (NYSE:GE) Acquired by Zhang Financial LLC

Zhang Financial LLC purchased a new position in General Electric (NYSE:GE - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 1,766 shares of the conglomerate's stock, valued at approximately $295,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Purus Wealth Management LLC increased its holdings in General Electric by 4.6% in the fourth quarter. Purus Wealth Management LLC now owns 3,136 shares of the conglomerate's stock worth $523,000 after purchasing an additional 137 shares in the last quarter. BigSur Wealth Management LLC increased its stake in shares of General Electric by 14.9% in the 4th quarter. BigSur Wealth Management LLC now owns 15,387 shares of the conglomerate's stock valued at $2,571,000 after acquiring an additional 2,000 shares in the last quarter. Ervin Investment Management LLC lifted its position in shares of General Electric by 25.1% during the 4th quarter. Ervin Investment Management LLC now owns 3,709 shares of the conglomerate's stock valued at $619,000 after acquiring an additional 745 shares during the period. True Link Financial Advisors LLC lifted its position in shares of General Electric by 12.2% during the 4th quarter. True Link Financial Advisors LLC now owns 2,470 shares of the conglomerate's stock valued at $412,000 after acquiring an additional 268 shares during the period. Finally, UMB Bank n.a. boosted its stake in General Electric by 15.3% during the fourth quarter. UMB Bank n.a. now owns 8,760 shares of the conglomerate's stock worth $1,461,000 after acquiring an additional 1,160 shares in the last quarter. Institutional investors and hedge funds own 74.77% of the company's stock.

Insider Buying and Selling

In other news, 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 value of $2,772,409.50. Following the sale, the senior vice president now directly owns 148,857 shares in the company, valued at approximately $26,539,714.53. This trade represents a 9.46 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Riccardo Procacci sold 7,000 shares of General Electric stock in a transaction on 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 completion of the sale, the senior vice president now owns 13,289 shares in the company, valued at approximately $2,407,036.57. This trade represents a 34.50 % decrease in their position. The disclosure for this sale can be found here. 0.66% of the stock is owned by insiders.

General Electric Price Performance

GE stock traded up $4.61 during mid-day trading on Tuesday, hitting $187.46. 7,476,753 shares of the stock were exchanged, compared to its average volume of 5,542,919. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.13 and a quick ratio of 0.85. The stock has a market capitalization of $202.89 billion, a price-to-earnings ratio of 32.95, a PEG ratio of 1.49 and a beta of 1.19. The business has a fifty day moving average price of $174.30 and a 200 day moving average price of $174.30. General Electric has a 12 month low of $101.16 and a 12 month high of $194.80.

General Electric (NYSE:GE - Get Free Report) last posted its quarterly earnings results on Tuesday, October 22nd. The conglomerate reported $1.15 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.02. The business had revenue of $9.84 billion during the quarter, compared to the consensus estimate of $9.02 billion. General Electric had a net margin of 11.48% and a return on equity of 18.93%. The firm's revenue for the quarter was up 5.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.82 earnings per share. On average, sell-side analysts anticipate that General Electric will post 4.23 EPS for the current 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 issued a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 0.60%. The ex-dividend date of this dividend is Friday, December 27th. General Electric's dividend payout ratio is 19.68%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Citigroup lifted their price target on General Electric from $198.00 to $216.00 and gave the company a "buy" rating in a research note on Thursday, October 10th. Deutsche Bank Aktiengesellschaft cut their target price on General Electric from $235.00 to $228.00 and set a "buy" rating on the stock in a research report on Thursday, January 2nd. Sanford C. Bernstein increased their price target on General Electric from $201.00 to $225.00 and gave the company an "outperform" rating in a research report on Monday, October 14th. Northcoast Research began coverage on shares of General Electric in a report on Tuesday, January 7th. They set a "neutral" rating on the stock. Finally, Bank of America increased their target price on shares of General Electric from $180.00 to $200.00 and gave the company a "buy" rating in a report on Wednesday, October 23rd. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, General Electric has an average rating of "Moderate Buy" and an average 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.