General Electric (NYSE:GE) Shares Bought by Old North State Wealth Management LLC

Old North State Wealth Management LLC increased its position in General Electric (NYSE:GE) by 3.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,981 shares of the conglomerate’s stock after acquiring an additional 58 shares during the period. Old North State Wealth Management LLC’s holdings in General Electric were worth $331,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. 1858 Wealth Management LLC lifted its stake in General Electric by 19.8% during the fourth quarter. 1858 Wealth Management LLC now owns 9,268 shares of the conglomerate’s stock valued at $1,546,000 after purchasing an additional 1,529 shares during the last quarter. Greenwood Capital Associates LLC boosted its position in shares of General Electric by 8.7% in the 4th quarter. Greenwood Capital Associates LLC now owns 27,752 shares of the conglomerate’s stock valued at $4,629,000 after purchasing an additional 2,210 shares during the period. James J. Burns & Company LLC increased its stake in General Electric by 65.6% in the 4th quarter. James J. Burns & Company LLC now owns 1,846 shares of the conglomerate’s stock worth $308,000 after purchasing an additional 731 shares in the last quarter. Brown Lisle Cummings Inc. raised its holdings in General Electric by 35.8% during the 4th quarter. Brown Lisle Cummings Inc. now owns 2,086 shares of the conglomerate’s stock worth $348,000 after buying an additional 550 shares during the period. Finally, Calamos Wealth Management LLC lifted its stake in General Electric by 29.5% during the fourth quarter. Calamos Wealth Management LLC now owns 16,089 shares of the conglomerate’s stock valued at $2,683,000 after buying an additional 3,663 shares in the last quarter. 74.77% of the stock is currently owned by institutional investors.

Insider Transactions at General Electric

In other General Electric news, SVP Russell Stokes sold 15,550 shares of the 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 sale, the senior vice president now directly 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.66% of the stock is owned by insiders.

General Electric Price Performance

NYSE:GE opened at $202.19 on Wednesday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 1.09. The company has a 50-day moving average of $177.89 and a 200-day moving average of $176.86. General Electric has a 52 week low of $108.60 and a 52 week high of $207.65. The company has a market capitalization of $218.83 billion, a price-to-earnings ratio of 33.75, a PEG ratio of 2.53 and a beta of 1.21.

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 22.19% and a net margin of 14.31%. As a group, equities research analysts anticipate that General Electric will post 5.39 earnings per share for the current fiscal year.

General Electric Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, January 27th. Shareholders of record on Friday, December 27th were issued a dividend of $0.28 per share. The ex-dividend date of this dividend was Friday, December 27th. This represents a $1.12 annualized dividend and a yield of 0.55%. General Electric’s dividend payout ratio is presently 18.70%.

Wall Street Analyst Weigh In

GE has been the topic of several analyst reports. JPMorgan Chase & Co. lifted their target price on shares of General Electric from $190.00 to $210.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. Citigroup lifted their price objective 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. Royal Bank of Canada restated an “outperform” rating and issued a $200.00 target price on shares of General Electric in a report on Wednesday, January 22nd. Sanford C. Bernstein raised their target price on General Electric from $201.00 to $225.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Finally, Northcoast Research assumed coverage on General Electric in a research report on Tuesday, January 7th. They set a “neutral” rating on the stock. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, General Electric has an average rating of “Moderate Buy” and an average price target of $208.73.

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.