General Electric (NYSE:GE) Stock Holdings Boosted by Intrepid Financial Planning Group LLC

Intrepid Financial Planning Group LLC boosted its position in General Electric (NYSE:GE) by 10.3% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,781 shares of the conglomerate’s stock after purchasing an additional 166 shares during the quarter. Intrepid Financial Planning Group LLC’s holdings in General Electric were worth $283,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of GE. Mittelman Wealth Management grew its stake in shares of General Electric by 109.3% in the second quarter. Mittelman Wealth Management now owns 2,861 shares of the conglomerate’s stock worth $455,000 after purchasing an additional 1,494 shares in the last quarter. Carolinas Wealth Consulting LLC lifted its holdings in General Electric by 14.3% in the second quarter. Carolinas Wealth Consulting LLC now owns 665 shares of the conglomerate’s stock worth $106,000 after purchasing an additional 83 shares during the period. Seven Eight Capital LP bought a new position in General Electric in the 2nd quarter valued at about $560,000. Blair William & Co. IL increased its stake in General Electric by 4.4% during the 2nd quarter. Blair William & Co. IL now owns 181,971 shares of the conglomerate’s stock valued at $28,928,000 after buying an additional 7,670 shares during the period. Finally, Marsico Capital Management LLC raised its position in shares of General Electric by 40.7% during the 2nd quarter. Marsico Capital Management LLC now owns 682,716 shares of the conglomerate’s stock worth $108,531,000 after buying an additional 197,528 shares in the last quarter. 74.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently commented on GE. Sanford C. Bernstein initiated coverage on shares of General Electric in a research note on Tuesday, September 10th. They set an “outperform” rating and a $201.00 price objective on the stock. Deutsche Bank Aktiengesellschaft boosted their price objective on General Electric from $195.00 to $209.00 and gave the stock a “buy” rating in a research note on Monday, June 10th. Wells Fargo & Company raised their target price on General Electric from $192.00 to $205.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. StockNews.com cut shares of General Electric from a “buy” rating to a “hold” rating in a research report on Monday, July 29th. Finally, Barclays increased their target price on shares of General Electric from $175.00 to $200.00 and gave the company an “overweight” rating in a research note on Tuesday, July 30th. Two research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $191.14.

General Electric Stock Up 1.8 %

NYSE:GE opened at $183.54 on Thursday. The business’s fifty day moving average price is $167.63 and its 200 day moving average price is $170.96. The firm has a market capitalization of $200.90 billion, a price-to-earnings ratio of 60.18, a PEG ratio of 1.65 and a beta of 1.18. The company has a current ratio of 1.14, a quick ratio of 0.85 and a debt-to-equity ratio of 0.95. General Electric has a 1-year low of $84.42 and a 1-year high of $185.77.

General Electric (NYSE:GE) last posted its quarterly earnings results on Tuesday, July 23rd. The conglomerate reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.21. General Electric had a net margin of 7.66% and a return on equity of 16.07%. The business had revenue of $9.09 billion during the quarter, compared to analyst estimates of $8.44 billion. During the same period in the prior year, the firm earned $0.68 earnings per share. The firm’s revenue was up 3.9% compared to the same quarter last year. On average, sell-side analysts forecast that General Electric will post 4.2 earnings per share for the current fiscal year.

General Electric Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Thursday, September 26th will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 0.61%. The ex-dividend date is Thursday, September 26th. General Electric’s dividend payout ratio is currently 36.72%.

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.