CX Institutional Has $1.35 Million Stake in General Electric (NYSE:GE)

CX Institutional boosted its position in shares of General Electric (NYSE:GE) by 18.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,094 shares of the conglomerate’s stock after acquiring an additional 1,256 shares during the quarter. CX Institutional’s holdings in General Electric were worth $1,350,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Daymark Wealth Partners LLC raised its stake in General Electric by 19.9% in the 2nd quarter. Daymark Wealth Partners LLC now owns 21,720 shares of the conglomerate’s stock valued at $3,453,000 after acquiring an additional 3,607 shares during the period. MBB Public Markets I LLC raised its position in shares of General Electric by 6,591.3% in the second quarter. MBB Public Markets I LLC now owns 77,485 shares of the conglomerate’s stock valued at $12,318,000 after purchasing an additional 76,327 shares during the period. Marathon Capital Management lifted its stake in shares of General Electric by 25.8% during the 2nd quarter. Marathon Capital Management now owns 1,707 shares of the conglomerate’s stock worth $271,000 after buying an additional 350 shares during the last quarter. Makena Capital Management LLC boosted its holdings in shares of General Electric by 7.8% during the 2nd quarter. Makena Capital Management LLC now owns 115,998 shares of the conglomerate’s stock worth $18,440,000 after buying an additional 8,349 shares during the period. Finally, Mackenzie Financial Corp grew its stake in General Electric by 10.5% in the 2nd quarter. Mackenzie Financial Corp now owns 603,988 shares of the conglomerate’s stock valued at $96,016,000 after buying an additional 57,372 shares during the last quarter. Institutional investors and hedge funds own 74.77% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Russell Stokes sold 15,550 shares of General Electric stock in a transaction that occurred on 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 sale, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Riccardo Procacci sold 7,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $181.13, for a total transaction of $1,267,910.00. Following the sale, the senior vice president now directly owns 13,289 shares in the company, valued at $2,407,036.57. The trade was a 34.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.66% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Wells Fargo & Company raised their price objective on shares of General Electric from $225.00 to $250.00 and gave the stock an “overweight” rating in a research report on Friday. JPMorgan Chase & Co. boosted their price target on General Electric from $190.00 to $210.00 and gave the company an “overweight” rating in a research note on Friday. UBS Group increased their price objective on General Electric from $215.00 to $235.00 and gave the stock a “buy” rating in a research report on Friday. Sanford C. Bernstein boosted their target price on shares of General Electric from $201.00 to $225.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Finally, Citigroup raised their price target on shares of General Electric from $198.00 to $216.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $205.80.

General Electric Trading Down 2.0 %

Shares of GE stock opened at $196.81 on Friday. General Electric has a fifty-two week low of $103.75 and a fifty-two week high of $207.65. The stock’s fifty day moving average price is $174.93 and its two-hundred day moving average price is $174.77. 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 company has a market cap of $213.00 billion, a PE ratio of 34.59, a P/E/G ratio of 1.53 and a beta of 1.19.

General Electric (NYSE:GE) last released its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.27. General Electric had a return on equity of 18.93% and a net margin of 11.48%. Equities analysts predict that General Electric will post 4.23 EPS for the current fiscal year.

General Electric Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 27th will be given a $0.28 dividend. The ex-dividend date is Friday, December 27th. This represents a $1.12 dividend on an annualized basis and a yield of 0.57%. General Electric’s dividend payout ratio is currently 19.68%.

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.