General Electric (NYSE:GE) Stock Position Boosted by Massmutual Trust Co. FSB ADV

Massmutual Trust Co. FSB ADV raised its stake in shares of General Electric (NYSE:GE) by 10.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,216 shares of the conglomerate’s stock after buying an additional 394 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in General Electric were worth $795,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GE. Studio Investment Management LLC boosted its stake in General Electric by 97.5% during the second quarter. Studio Investment Management LLC now owns 158 shares of the conglomerate’s stock valued at $25,000 after buying an additional 78 shares in the last quarter. MFA Wealth Advisors LLC acquired a new position in shares of General Electric in the 2nd quarter worth approximately $31,000. Kapitalo Investimentos Ltda bought a new stake in shares of General Electric in the 4th quarter worth approximately $32,000. Financial Connections Group Inc. acquired a new stake in General Electric during the second quarter valued at approximately $32,000. Finally, Richardson Financial Services Inc. bought a new stake in General Electric during the first quarter worth approximately $34,000. 74.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft lifted their price target on General Electric from $212.00 to $235.00 and gave the stock a “buy” rating in a research note on Thursday. Jefferies Financial Group boosted their price target on shares of General Electric from $185.00 to $190.00 and gave the company a “buy” rating in a report on Friday, June 28th. UBS Group raised their price objective on shares of General Electric from $201.00 to $209.00 and gave the stock a “buy” rating in a research note on Monday, July 1st. Sanford C. Bernstein started coverage on shares of General Electric in a research note on Tuesday, September 10th. They set an “outperform” rating and a $201.00 target price on the stock. Finally, StockNews.com cut General Electric from a “buy” rating to a “hold” rating in a research report on Monday, July 29th. Two analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, General Electric has an average rating of “Moderate Buy” and an average price target of $193.00.

General Electric Price Performance

Shares of NYSE:GE opened at $187.02 on Friday. The company has a market cap of $204.71 billion, a price-to-earnings ratio of 61.32, a PEG ratio of 1.87 and a beta of 1.18. The business has a 50 day moving average price of $173.52 and a 200 day moving average price of $166.17. The company has a quick ratio of 0.85, a current ratio of 1.14 and a debt-to-equity ratio of 0.95. General Electric has a twelve month low of $84.42 and a twelve month high of $190.88.

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

General Electric Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Thursday, September 26th will be paid a $0.28 dividend. The ex-dividend date is Thursday, September 26th. This represents a $1.12 dividend on an annualized basis and a yield of 0.60%. General Electric’s 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.