Jackson Wealth Management LLC Buys 1,453 Shares of General Electric (NYSE:GE)

Jackson Wealth Management LLC increased its position in shares of General Electric (NYSE:GE) by 92.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,033 shares of the conglomerate’s stock after acquiring an additional 1,453 shares during the quarter. Jackson Wealth Management LLC’s holdings in General Electric were worth $506,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Czech National Bank grew its holdings in shares of General Electric by 5.9% in the 3rd quarter. Czech National Bank now owns 220,885 shares of the conglomerate’s stock valued at $41,654,000 after buying an additional 12,298 shares during the period. Everpar Advisors LLC bought a new position in General Electric during the 3rd quarter worth about $214,000. Miracle Mile Advisors LLC raised its stake in shares of General Electric by 20.1% in the 3rd quarter. Miracle Mile Advisors LLC now owns 2,870 shares of the conglomerate’s stock valued at $541,000 after purchasing an additional 481 shares during the period. Fulton Bank N.A. lifted its holdings in shares of General Electric by 8.4% in the third quarter. Fulton Bank N.A. now owns 1,855 shares of the conglomerate’s stock valued at $350,000 after purchasing an additional 143 shares in the last quarter. Finally, Mather Group LLC. boosted its position in shares of General Electric by 4.8% during the third quarter. Mather Group LLC. now owns 18,289 shares of the conglomerate’s stock worth $3,449,000 after buying an additional 845 shares during the period. Institutional investors and hedge funds own 74.77% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on GE shares. JPMorgan Chase & Co. boosted their target price on General Electric from $190.00 to $210.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. Melius Research boosted their price objective on shares of General Electric from $194.00 to $202.00 in a research report on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft lowered their price target on shares of General Electric from $235.00 to $228.00 and set a “buy” rating on the stock in a research note on Thursday, January 2nd. Bank of America increased their price objective on shares of General Electric from $200.00 to $225.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Finally, Citigroup lifted their target price on General Electric from $216.00 to $235.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $208.73.

General Electric Stock Down 0.9 %

GE opened at $202.19 on Wednesday. The stock has a fifty day moving average of $177.89 and a 200-day moving average of $176.86. The company has a market capitalization of $218.83 billion, a P/E ratio of 33.75, a P/E/G ratio of 2.53 and a beta of 1.21. General Electric has a fifty-two week low of $108.60 and a fifty-two week high of $207.65. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 1.09.

General Electric (NYSE:GE) last announced its earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.27. General Electric had a net margin of 14.31% and a return on equity of 22.19%. On average, equities analysts expect that General Electric will post 5.39 EPS for the current year.

General Electric Dividend Announcement

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

Insider Activity at General Electric

In other General Electric news, SVP Russell Stokes sold 15,550 shares of General Electric stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $178.29, for a total value of $2,772,409.50. Following the transaction, the senior vice president now owns 148,857 shares in the company, valued at $26,539,714.53. The trade was a 9.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.66% of the stock is owned by insiders.

General Electric Company 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.