General Electric (NYSE:GE) Shares Bought by Diversified Trust Co

Diversified Trust Co lifted its holdings in shares of General Electric (NYSE:GE) by 6.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 19,764 shares of the conglomerate’s stock after buying an additional 1,128 shares during the period. Diversified Trust Co’s holdings in General Electric were worth $3,469,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Halpern Financial Inc. lifted its stake in shares of General Electric by 968.4% in the 4th quarter. Halpern Financial Inc. now owns 203 shares of the conglomerate’s stock worth $25,000 after acquiring an additional 184 shares during the period. Criterion Capital Advisors LLC acquired a new stake in General Electric in the fourth quarter valued at about $27,000. CGC Financial Services LLC lifted its position in General Electric by 90.2% in the fourth quarter. CGC Financial Services LLC now owns 232 shares of the conglomerate’s stock valued at $30,000 after purchasing an additional 110 shares during the period. Capital Analysts LLC boosted its holdings in General Electric by 55.8% in the 4th quarter. Capital Analysts LLC now owns 243 shares of the conglomerate’s stock valued at $31,000 after purchasing an additional 87 shares in the last quarter. Finally, Bfsg LLC purchased a new position in shares of General Electric during the 4th quarter worth approximately $32,000. Hedge funds and other institutional investors own 74.77% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on GE shares. StockNews.com initiated coverage on General Electric in a report on Monday, April 29th. They set a “hold” rating on the stock. UBS Group raised their target price on General Electric from $201.00 to $209.00 and gave the company a “buy” rating in a report on Monday. TD Cowen upgraded shares of General Electric from a “hold” rating to a “buy” rating and raised their price objective for the company from $175.00 to $180.00 in a research note on Tuesday, April 9th. Wells Fargo & Company upped their target price on shares of General Electric from $165.00 to $192.00 and gave the stock an “overweight” rating in a research report on Monday, April 29th. Finally, Barclays reduced their price target on shares of General Electric from $181.00 to $175.00 and set an “overweight” rating for the company in a research report on Wednesday, April 3rd. Two equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $181.93.

General Electric Trading Up 0.0 %

Shares of GE stock opened at $158.98 on Tuesday. The company has a market capitalization of $174.02 billion, a price-to-earnings ratio of 52.12, a PEG ratio of 1.69 and a beta of 1.22. The company has a current ratio of 1.17, a quick ratio of 0.82 and a debt-to-equity ratio of 0.63. The firm has a 50-day moving average price of $162.36 and a 200 day moving average price of $151.59. General Electric has a twelve month low of $84.42 and a twelve month high of $170.80.

General Electric (NYSE:GE) last announced its quarterly earnings data on Tuesday, April 23rd. The conglomerate reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.17. The business had revenue of $16.10 billion for the quarter, compared to the consensus estimate of $15.25 billion. General Electric had a net margin of 5.05% and a return on equity of 12.54%. The company’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.27 earnings per share. Research analysts forecast that General Electric will post 4 earnings per share for the current fiscal year.

General Electric Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 25th. Investors of record on Thursday, July 11th will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, July 11th. This represents a $1.12 annualized dividend and a yield of 0.70%. General Electric’s dividend payout ratio (DPR) is presently 36.72%.

Insiders Place Their Bets

In related news, SVP Russell Stokes sold 45,309 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $162.82, for a total transaction of $7,377,211.38. Following the completion of the transaction, the senior vice president now owns 112,958 shares of the company’s stock, valued at $18,391,821.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.66% of the stock is owned by corporate insiders.

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.