1,205 Shares in General Electric (NYSE:GE) Acquired by Disciplined Investments LLC

Disciplined Investments LLC purchased a new position in General Electric (NYSE:GE) during the 4th quarter, HoldingsChannel reports. The firm purchased 1,205 shares of the conglomerate’s stock, valued at approximately $201,000.

Several other hedge funds have also made changes to their positions in GE. Valley Wealth Managers Inc. bought a new stake in shares of General Electric in the 3rd quarter worth approximately $25,000. Hager Investment Management Services LLC bought a new stake in shares of General Electric in the 4th quarter worth approximately $27,000. Peterson Financial Group Inc. bought a new stake in General Electric during the 3rd quarter valued at $28,000. Sugar Maple Asset Management LLC bought a new stake in General Electric during the 4th quarter valued at $29,000. Finally, RPg Family Wealth Advisory LLC bought a new stake in General Electric during the 3rd quarter valued at $30,000. Institutional investors own 74.77% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on GE. UBS Group lifted their target price on General Electric from $215.00 to $235.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Bank of America lifted their target price on General Electric from $200.00 to $225.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Redburn Atlantic began coverage on General Electric in a research note on Tuesday, February 18th. They set a “buy” rating and a $250.00 target price on the stock. 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 note on Thursday, January 2nd. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 price objective on shares of General Electric in a research note on Wednesday, January 22nd. Three equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $211.31.

General Electric Stock Performance

Shares of GE stock opened at $201.91 on Tuesday. General Electric has a 1-year low of $125.26 and a 1-year high of $212.19. 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 company has a market capitalization of $216.71 billion, a price-to-earnings ratio of 33.71, a P/E/G ratio of 2.59 and a beta of 1.22. The stock’s fifty day simple moving average is $190.89 and its 200-day simple moving average is $182.42.

General Electric (NYSE:GE) last released its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.27. General Electric had a return on equity of 22.19% and a net margin of 14.31%. On average, sell-side analysts predict that General Electric will post 5.4 earnings per share for the current fiscal year.

General Electric Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 10th will be given a dividend of $0.36 per share. This is a boost from General Electric’s previous quarterly dividend of $0.28. This represents a $1.44 dividend on an annualized basis and a yield of 0.71%. General Electric’s dividend payout ratio (DPR) is presently 24.04%.

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.