Fairfield Bush & CO. Purchases 4,290 Shares of General Electric (NYSE:GE)

Fairfield Bush & CO. grew its position in shares of General Electric (NYSE:GE) by 109.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,204 shares of the conglomerate’s stock after buying an additional 4,290 shares during the quarter. Fairfield Bush & CO.’s holdings in General Electric were worth $1,368,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. New Age Alpha Advisors LLC raised its position in General Electric by 133.3% in the fourth 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 purchased a new stake in shares of General Electric during the 4th quarter worth approximately $27,000. Sumitomo Mitsui Financial Group Inc. bought a new stake in shares of General Electric in the 4th quarter worth approximately $28,000. Sugar Maple Asset Management LLC purchased a new position in General Electric in the fourth quarter valued at approximately $29,000. Finally, CBIZ Investment Advisory Services LLC bought a new position in General Electric during the fourth quarter valued at $29,000. Hedge funds and other institutional investors own 74.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft dropped their price target on General Electric from $235.00 to $228.00 and set a “buy” rating on the stock in a research report on Thursday, January 2nd. Wells Fargo & Company increased their target price on shares of General Electric from $203.00 to $212.00 and gave the stock an “overweight” rating in a research report on Tuesday. Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 price target on shares of General Electric in a research report on Wednesday, January 22nd. Bank of America raised their price objective on shares of General Electric from $200.00 to $225.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Finally, Citigroup lowered their target price on shares of General Electric from $235.00 to $227.00 and set a “buy” rating on the stock in a report on Thursday, April 10th. One analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $213.33.

General Electric Trading Down 1.7 %

Shares of GE stock opened at $182.60 on Thursday. The company has a market capitalization of $195.98 billion, a PE ratio of 30.48, a price-to-earnings-growth ratio of 2.59 and a beta of 1.04. General Electric has a 52-week low of $146.78 and a 52-week high of $214.21. The business’s fifty day moving average is $197.13 and its 200 day moving average is $186.58. 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 for the quarter, beating 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 research analysts anticipate that General Electric will post 5.4 EPS for the current fiscal year.

General Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, March 10th will be issued a dividend of $0.36 per share. This is an increase from General Electric’s previous quarterly dividend of $0.28. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date is Monday, March 10th. General Electric’s payout ratio is currently 24.04%.

About General Electric

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.