James J. Burns & Company LLC Raises Holdings in General Electric (NYSE:GE)

James J. Burns & Company LLC lifted its stake in General Electric (NYSE:GE) by 65.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,846 shares of the conglomerate’s stock after acquiring an additional 731 shares during the period. James J. Burns & Company LLC’s holdings in General Electric were worth $308,000 as of its most recent filing with the Securities & Exchange Commission.

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

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft lowered their target price on General Electric from $235.00 to $228.00 and set a “buy” rating on the stock in a research note on Thursday, January 2nd. Northcoast Research initiated coverage on General Electric in a report on Tuesday, January 7th. They issued a “neutral” rating for the company. Melius Research lifted their price target on General Electric from $194.00 to $202.00 in a report on Tuesday, October 22nd. Sanford C. Bernstein upped their price objective on shares of General Electric from $201.00 to $225.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Finally, JPMorgan Chase & Co. boosted their target price on shares of General Electric from $190.00 to $210.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $208.73.

General Electric Trading Up 0.2 %

NYSE:GE opened at $204.03 on Tuesday. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88. The stock’s 50 day simple moving average is $177.41 and its 200-day simple moving average is $176.54. General Electric has a 12-month low of $108.60 and a 12-month high of $207.65. The firm has a market cap of $220.81 billion, a P/E ratio of 34.06, a PEG ratio of 2.53 and a beta of 1.21.

General Electric (NYSE:GE) last posted its quarterly earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.27. General Electric had a net margin of 14.31% and a return on equity of 22.19%. Equities analysts anticipate that General Electric will post 5.39 EPS for the current year.

General Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 27th. Stockholders of record on Friday, December 27th were given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date was Friday, December 27th. General Electric’s dividend payout ratio is presently 18.70%.

Insider Buying and Selling

In related news, SVP Russell Stokes sold 15,550 shares of the firm’s stock in a transaction 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 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 document filed with the SEC, which is available through this hyperlink. Also, SVP Riccardo Procacci sold 7,000 shares of General Electric 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 completion of the transaction, the senior vice president now directly owns 13,289 shares of the company’s stock, valued at $2,407,036.57. This trade represents a 34.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.66% of the stock is owned by company insiders.

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.