Physician Wealth Advisors Inc. Makes New $144,000 Investment in General Electric (NYSE:GE)

Physician Wealth Advisors Inc. acquired a new stake in shares of General Electric (NYSE:GE) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 864 shares of the conglomerate’s stock, valued at approximately $144,000.

Several other hedge funds have also made changes to their positions in the stock. New Age Alpha Advisors LLC lifted its position in shares of General Electric by 133.3% in the 4th quarter. New Age Alpha Advisors LLC now owns 147 shares of the conglomerate’s stock worth $25,000 after acquiring an additional 84 shares during the period. Hager Investment Management Services LLC acquired a new position in shares of General Electric in the fourth quarter valued at $27,000. Sugar Maple Asset Management LLC bought a new position in General Electric in the fourth quarter worth $29,000. CBIZ Investment Advisory Services LLC acquired a new stake in General Electric during the fourth quarter worth $29,000. Finally, Picton Mahoney Asset Management increased its holdings in General Electric by 62.4% in the 4th quarter. Picton Mahoney Asset Management now owns 177 shares of the conglomerate’s stock valued at $30,000 after buying an additional 68 shares during the period. Institutional investors own 74.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on GE. Bank of America lifted their target price on shares of General Electric from $200.00 to $225.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Deutsche Bank Aktiengesellschaft decreased their price objective on General Electric from $235.00 to $228.00 and set a “buy” rating on the stock in a report on Thursday, January 2nd. Citigroup increased their target price on General Electric from $216.00 to $235.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Northcoast Research started coverage on General Electric in a research note on Tuesday, January 7th. They issued a “neutral” rating on the stock. Finally, JPMorgan Chase & Co. increased their price objective on General Electric from $190.00 to $210.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. Two investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $211.31.

General Electric Stock Performance

Shares of General Electric stock opened at $199.66 on Monday. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81. The firm has a 50 day simple moving average of $201.52 and a 200 day simple moving average of $186.64. General Electric has a fifty-two week low of $133.99 and a fifty-two week high of $214.21. The firm has a market cap of $214.29 billion, a P/E ratio of 33.33, a P/E/G ratio of 2.59 and a beta of 1.19.

General Electric (NYSE:GE) last released its earnings results on Thursday, January 23rd. The conglomerate reported $1.32 EPS 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%. Sell-side analysts predict that General Electric will post 5.4 earnings per share for the current fiscal year.

General Electric Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, March 10th will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 0.72%. The ex-dividend date is Monday, March 10th. This is a positive change from General Electric’s previous quarterly dividend of $0.28. General Electric’s dividend payout ratio (DPR) is 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.