Altium Wealth Management LLC lifted its holdings in General Electric (NYSE:GE) by 3.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 105,728 shares of the conglomerate’s stock after purchasing an additional 3,901 shares during the quarter. Altium Wealth Management LLC’s holdings in General Electric were worth $1,180,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also bought and sold shares of the company. Venturi Wealth Management LLC bought a new position in General Electric during the third quarter valued at approximately $25,000. Simon Quick Advisors LLC increased its holdings in General Electric by 441.7% in the fourth quarter. Simon Quick Advisors LLC now owns 3,039 shares of the conglomerate’s stock valued at $34,000 after buying an additional 2,478 shares in the last quarter. Princeton Global Asset Management LLC increased its holdings in General Electric by 307,700.0% in the second quarter. Princeton Global Asset Management LLC now owns 3,078 shares of the conglomerate’s stock valued at $32,000 after buying an additional 3,077 shares in the last quarter. 1 North Wealth Services LLC purchased a new position in General Electric in the third quarter valued at about $41,000. Finally, Edge Wealth Management LLC increased its holdings in General Electric by 243.8% in the third quarter. Edge Wealth Management LLC now owns 7,031 shares of the conglomerate’s stock valued at $62,000 after buying an additional 4,986 shares in the last quarter. Hedge funds and other institutional investors own 60.21% of the company’s stock.
Shares of GE remained flat at $$11.84 during mid-day trading on Friday. 10,437,396 shares of the stock were exchanged, compared to its average volume of 63,991,535. The company has a debt-to-equity ratio of 2.67, a quick ratio of 1.60 and a current ratio of 1.84. The stock’s 50-day simple moving average is $11.37 and its 200-day simple moving average is $10.07. General Electric has a fifty-two week low of $7.65 and a fifty-two week high of $12.23. The company has a market cap of $103.70 billion, a P/E ratio of 18.21, a price-to-earnings-growth ratio of 2.56 and a beta of 1.16.
General Electric (NYSE:GE) last issued its quarterly earnings data on Wednesday, October 30th. The conglomerate reported $0.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.03. General Electric had a negative net margin of 4.39% and a positive return on equity of 11.69%. The business had revenue of $23.36 billion during the quarter, compared to analysts’ expectations of $22.93 billion. During the same period last year, the company posted $0.14 EPS. The company’s revenue was down .1% on a year-over-year basis. On average, equities research analysts predict that General Electric will post 0.61 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Monday, December 23rd will be paid a dividend of $0.01 per share. The ex-dividend date is Friday, December 20th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.34%. General Electric’s dividend payout ratio (DPR) is 6.15%.
A number of research analysts have issued reports on GE shares. Deutsche Bank increased their target price on shares of General Electric from $11.00 to $12.00 and gave the company a “hold” rating in a report on Wednesday, December 4th. JPMorgan Chase & Co. set a $5.00 target price on shares of General Electric and gave the company an “underweight” rating in a report on Friday, November 1st. Royal Bank of Canada reaffirmed a “buy” rating and issued a $13.00 target price on shares of General Electric in a report on Wednesday, October 30th. Credit Suisse Group reaffirmed a “neutral” rating and issued a $11.00 target price on shares of General Electric in a report on Tuesday, December 3rd. Finally, UBS Group raised shares of General Electric from a “neutral” rating to a “buy” rating and increased their target price for the company from $11.50 to $14.00 in a report on Wednesday, December 11th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $10.92.
About General Electric
General Electric Company operates as a high-tech industrial company worldwide. It operates through Power, Renewable Energy, Aviation, Oil & Gas, Healthcare, Transportation, Lighting, and Capital segments. The Power segment offers technologies, solutions, and services related to energy production, including gas and steam turbines, generators, and high voltage equipment; and power generation services.
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