Horan Capital Advisors LLC. Buys Shares of 1,292 General Electric (NYSE:GE)

Horan Capital Advisors LLC. bought a new stake in General Electric (NYSE:GE) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 1,292 shares of the conglomerate’s stock, valued at approximately $215,000.

A number of other large investors have also recently modified their holdings of GE. Creative Financial Designs Inc. ADV boosted its holdings in shares of General Electric by 4.2% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 1,552 shares of the conglomerate’s stock valued at $293,000 after purchasing an additional 63 shares in the last quarter. F M Investments LLC bought a new position in shares of General Electric in the 3rd quarter valued at $297,000. Clear Creek Financial Management LLC lifted its stake in shares of General Electric by 17.0% in the 3rd quarter. Clear Creek Financial Management LLC now owns 1,963 shares of the conglomerate’s stock valued at $370,000 after acquiring an additional 285 shares during the last quarter. Pure Financial Advisors LLC lifted its stake in shares of General Electric by 10.9% in the 3rd quarter. Pure Financial Advisors LLC now owns 3,261 shares of the conglomerate’s stock valued at $615,000 after acquiring an additional 321 shares during the last quarter. Finally, Harbor Capital Advisors Inc. lifted its stake in shares of General Electric by 0.5% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 21,185 shares of the conglomerate’s stock valued at $3,995,000 after acquiring an additional 102 shares during the last quarter. Institutional investors and hedge funds own 74.77% of the company’s stock.

General Electric Stock Performance

GE stock opened at $201.91 on Tuesday. The stock has a 50-day moving average price of $190.89 and a 200-day moving average price of $182.42. General Electric has a 1-year low of $125.26 and a 1-year high of $212.19. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88. The firm has a market cap of $216.71 billion, a PE ratio of 33.71, a price-to-earnings-growth ratio of 2.59 and a beta of 1.22.

General Electric (NYSE:GE) last posted its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share for the quarter, topping 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%. As a group, equities research analysts expect that General Electric will post 5.4 earnings per share for the current year.

General Electric Increases Dividend

The company 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 is an increase from General Electric’s previous quarterly dividend of $0.28. This represents a $1.44 annualized dividend and a dividend yield of 0.71%. General Electric’s dividend payout ratio (DPR) is currently 24.04%.

Analyst Upgrades and Downgrades

GE has been the subject of a number of research reports. Northcoast Research initiated coverage on General Electric in a research note on Tuesday, January 7th. They issued a “neutral” rating for the company. 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 note on Friday, January 24th. Deutsche Bank Aktiengesellschaft dropped their price target on General Electric from $235.00 to $228.00 and set a “buy” rating for the company in a research note on Thursday, January 2nd. Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 price target on shares of General Electric in a research note on Wednesday, January 22nd. Finally, UBS Group increased their price target on General Electric from $215.00 to $235.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Three research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $211.31.

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.