General Electric (NYSE:GE) Shares Acquired by Addison Advisors LLC

Addison Advisors LLC lifted its stake in shares of General Electric (NYSE:GE) by 16.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,063 shares of the conglomerate’s stock after purchasing an additional 286 shares during the quarter. Addison Advisors LLC’s holdings in General Electric were worth $263,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Halpern Financial Inc. increased its position in General Electric by 968.4% in the 4th quarter. Halpern Financial Inc. now owns 203 shares of the conglomerate’s stock valued at $25,000 after acquiring an additional 184 shares during the period. Criterion Capital Advisors LLC acquired a new stake in General Electric in the 4th quarter valued at approximately $27,000. CGC Financial Services LLC increased its position in General Electric by 90.2% in the 4th quarter. CGC Financial Services LLC now owns 232 shares of the conglomerate’s stock valued at $30,000 after acquiring an additional 110 shares during the period. Capital Analysts LLC increased its position in General Electric by 55.8% in the 4th quarter. Capital Analysts LLC now owns 243 shares of the conglomerate’s stock valued at $31,000 after acquiring an additional 87 shares during the period. Finally, Bfsg LLC acquired a new stake in General Electric in the 4th quarter valued at approximately $32,000. 74.77% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other General Electric news, SVP Michael J. Holston sold 22,055 shares of the business’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $144.87, for a total value of $3,195,107.85. Following the completion of the sale, the senior vice president now owns 56,284 shares of the company’s stock, valued at $8,153,863.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other General Electric news, SVP Michael J. Holston sold 13,601 shares of the business’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $135.55, for a total value of $1,843,615.55. Following the completion of the sale, the senior vice president now owns 48,339 shares of the company’s stock, valued at $6,552,351.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Michael J. Holston sold 22,055 shares of the business’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $144.87, for a total value of $3,195,107.85. Following the transaction, the senior vice president now directly owns 56,284 shares of the company’s stock, valued at approximately $8,153,863.08. The disclosure for this sale can be found here. Insiders own 0.66% of the company’s stock.

General Electric Stock Up 0.7 %

GE traded up $1.09 during trading on Friday, reaching $162.35. 5,898,021 shares of the stock traded hands, compared to its average volume of 9,321,559. The stock has a market cap of $177.71 billion, a price-to-earnings ratio of 53.22, a price-to-earnings-growth ratio of 3.03 and a beta of 1.29. General Electric has a fifty-two week low of $77.28 and a fifty-two week high of $163.65. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.17 and a quick ratio of 0.85. The stock’s 50-day simple moving average is $160.72 and its two-hundred day simple moving average is $136.09.

General Electric (NYSE:GE) last released its quarterly earnings data on Tuesday, April 23rd. The conglomerate reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.17. The firm had revenue of $16.10 billion during the quarter, compared to analysts’ expectations of $15.25 billion. General Electric had a return on equity of 12.54% and a net margin of 5.05%. The business’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.27 earnings per share. As a group, equities research analysts expect that General Electric will post 3.95 EPS for the current year.

General Electric Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 25th. Shareholders of record on Monday, April 15th were given a $0.28 dividend. The ex-dividend date was Friday, April 12th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.69%. This is a boost from General Electric’s previous quarterly dividend of $0.08. General Electric’s payout ratio is currently 36.72%.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. TD Cowen upgraded General Electric from a “hold” rating to a “buy” rating and raised their target price for the company from $175.00 to $180.00 in a research report on Tuesday, April 9th. Argus increased their price target on General Electric from $170.00 to $180.00 and gave the company a “buy” rating in a research note on Wednesday. Vertical Research began coverage on General Electric in a research note on Thursday, April 4th. They set a “buy” rating and a $160.00 price target for the company. StockNews.com began coverage on General Electric in a research note on Sunday, April 21st. They set a “hold” rating for the company. Finally, Citigroup increased their price target on General Electric from $120.43 to $186.00 and gave the company a “buy” rating in a research note on Thursday. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, General Electric currently has an average rating of “Moderate Buy” and a consensus price target of $170.00.

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.