Wealth Dimensions Group Ltd. Has $1.24 Million Stock Position in General Electric (NYSE:GE)

Wealth Dimensions Group Ltd. lifted its stake in General Electric (NYSE:GE) by 1.9% during the 4th quarter, Holdings Channel reports. The firm owned 7,432 shares of the conglomerate’s stock after acquiring an additional 142 shares during the period. Wealth Dimensions Group Ltd.’s holdings in General Electric were worth $1,240,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in GE. New Age Alpha Advisors LLC lifted its position in shares of 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 purchasing an additional 84 shares in the last quarter. Hager Investment Management Services LLC bought a new stake in General Electric during the 4th quarter worth about $27,000. Sumitomo Mitsui Financial Group Inc. bought a new stake in General Electric during the 4th quarter worth about $28,000. Sugar Maple Asset Management LLC acquired a new position in shares of General Electric during the 4th quarter worth about $29,000. Finally, CBIZ Investment Advisory Services LLC bought a new position in shares of General Electric in the 4th quarter valued at about $29,000. 74.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently commented on GE. JPMorgan Chase & Co. increased their price target on General Electric from $190.00 to $210.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. UBS Group increased their price objective on General Electric from $215.00 to $235.00 and gave the company a “buy” rating in a report on Friday, January 24th. Bank of America boosted their target price 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. Citigroup decreased their price objective on shares of General Electric from $235.00 to $227.00 and set a “buy” rating for the company in a research report on Thursday, April 10th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of General Electric from $235.00 to $228.00 and set a “buy” rating on the stock in a report on Thursday, January 2nd. One research analyst has rated the stock with a hold rating and fourteen have issued 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 target price of $213.33.

General Electric Stock Performance

Shares of NYSE GE opened at $181.88 on Monday. General Electric has a one year low of $148.83 and a one year high of $214.21. 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 market cap of $195.21 billion, a price-to-earnings ratio of 30.36, a P/E/G ratio of 2.59 and a beta of 1.04. The stock’s fifty day moving average price is $196.12 and its two-hundred day moving average price is $186.52.

General Electric (NYSE:GE) last released its quarterly earnings results on Thursday, January 23rd. The conglomerate reported $1.32 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 forecast that General Electric will post 5.4 EPS for the current year.

General Electric Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 10th will be paid a $0.36 dividend. This is a boost from General Electric’s previous quarterly dividend of $0.28. This represents a $1.44 annualized dividend and a dividend yield of 0.79%. The ex-dividend date is Monday, March 10th. General Electric’s payout ratio is 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.