General Electric (NYSE:GE) Shares Acquired by Callan Capital LLC

Callan Capital LLC increased its position in General Electric (NYSE:GE) by 163.7% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,525 shares of the conglomerate’s stock after purchasing an additional 3,430 shares during the period. Callan Capital LLC’s holdings in General Electric were worth $878,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Benjamin Edwards Inc. lifted its holdings in General Electric by 6.8% in the second quarter. Benjamin Edwards Inc. now owns 1,369 shares of the conglomerate’s stock worth $218,000 after acquiring an additional 87 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its holdings in General Electric by 8.8% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 11,616 shares of the conglomerate’s stock worth $1,847,000 after acquiring an additional 936 shares during the last quarter. Ieq Capital LLC lifted its holdings in General Electric by 4.6% in the second quarter. Ieq Capital LLC now owns 42,347 shares of the conglomerate’s stock worth $6,732,000 after acquiring an additional 1,868 shares during the last quarter. Brighton Jones LLC lifted its holdings in General Electric by 1.3% in the second quarter. Brighton Jones LLC now owns 8,020 shares of the conglomerate’s stock worth $1,275,000 after acquiring an additional 106 shares during the last quarter. Finally, Intech Investment Management LLC lifted its holdings in General Electric by 1.1% in the second quarter. Intech Investment Management LLC now owns 220,246 shares of the conglomerate’s stock worth $35,013,000 after acquiring an additional 2,488 shares during the last quarter. Institutional investors own 74.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on GE. UBS Group lifted their price target on General Electric from $201.00 to $209.00 and gave the company a “buy” rating in a report on Monday, July 1st. Wells Fargo & Company lifted their price target on General Electric from $192.00 to $205.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Sanford C. Bernstein initiated coverage on General Electric in a report on Tuesday, September 10th. They set an “outperform” rating and a $201.00 price target on the stock. Barclays boosted their target price on General Electric from $175.00 to $200.00 and gave the stock an “overweight” rating in a report on Tuesday, July 30th. Finally, StockNews.com cut General Electric from a “buy” rating to a “hold” rating in a report on Monday, July 29th. Two investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $191.14.

General Electric Trading Up 1.4 %

NYSE GE opened at $186.16 on Friday. General Electric has a twelve month low of $84.42 and a twelve month high of $187.99. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.85 and a current ratio of 1.14. The stock has a market cap of $203.77 billion, a price-to-earnings ratio of 61.04, a PEG ratio of 1.65 and a beta of 1.18. The firm’s 50 day moving average price is $168.12 and its two-hundred day moving average price is $171.06.

General Electric (NYSE:GE) last posted its quarterly earnings results on Tuesday, July 23rd. The conglomerate reported $1.20 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $8.44 billion. During the same period in the previous year, the company posted $0.68 EPS. General Electric’s revenue was up 3.9% on a year-over-year basis. Equities analysts anticipate that General Electric will post 4.2 EPS for the current year.

General Electric Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Thursday, September 26th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date of this dividend is Thursday, September 26th. General Electric’s dividend payout ratio is 36.72%.

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.