Calton & Associates Inc. Makes New $264,000 Investment in General Electric (NYSE:GE)

Calton & Associates Inc. acquired a new position in shares of General Electric (NYSE:GEFree Report) in the 4th quarter, Holdings Channel.com reports. The fund acquired 2,067 shares of the conglomerate’s stock, valued at approximately $264,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. WCM Investment Management LLC acquired a new stake in shares of General Electric during the 4th quarter worth $520,488,000. International Assets Investment Management LLC grew its position in General Electric by 11,947.8% during the fourth quarter. International Assets Investment Management LLC now owns 1,576,570 shares of the conglomerate’s stock valued at $201,218,000 after acquiring an additional 1,563,484 shares during the period. Carmignac Gestion acquired a new stake in General Electric during the third quarter worth about $133,581,000. AQR Capital Management LLC raised its holdings in shares of General Electric by 358.4% in the 3rd quarter. AQR Capital Management LLC now owns 1,456,673 shares of the conglomerate’s stock worth $161,035,000 after purchasing an additional 1,138,896 shares during the period. Finally, Barclays PLC lifted its stake in shares of General Electric by 30.5% in the 3rd quarter. Barclays PLC now owns 2,990,039 shares of the conglomerate’s stock valued at $330,548,000 after purchasing an additional 699,585 shares in the last quarter. Hedge funds and other institutional investors own 74.77% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Michael J. Holston sold 22,055 shares of the stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $144.87, for a total value of $3,195,107.85. Following the completion of the transaction, the senior vice president now directly owns 56,284 shares in the company, valued at $8,153,863.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.66% of the stock is currently owned by insiders.

General Electric Stock Performance

Shares of NYSE GE traded down $4.12 during mid-day trading on Friday, hitting $163.38. The company had a trading volume of 5,711,329 shares, compared to its average volume of 6,793,639. The stock has a market cap of $178.84 billion, a price-to-earnings ratio of 53.57, a PEG ratio of 2.98 and a beta of 1.25. The firm’s 50 day simple moving average is $162.97 and its two-hundred day simple moving average is $139.57. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.17 and a quick ratio of 0.82. General Electric has a 12 month low of $78.17 and a 12 month high of $170.80.

General Electric (NYSE:GEGet Free Report) last released its quarterly earnings data on Tuesday, April 23rd. The conglomerate reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.17. General Electric had a net margin of 5.05% and a return on equity of 12.54%. The business had revenue of $16.10 billion for the quarter, compared to analysts’ expectations of $15.25 billion. During the same quarter last year, the company earned $0.27 EPS. The company’s revenue for the quarter was up 11.1% compared to the same quarter last year. As a group, equities research analysts forecast that General Electric will post 3.96 earnings per share for the current year.

General Electric Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 25th. Shareholders of record on Monday, April 15th were paid a dividend of $0.28 per share. The ex-dividend date was Friday, April 12th. This represents a $1.12 annualized dividend and a yield of 0.69%. This is an increase from General Electric’s previous quarterly dividend of $0.08. General Electric’s payout ratio is presently 36.72%.

Wall Street Analyst Weigh In

Several research firms recently commented on GE. JPMorgan Chase & Co. cut their price target on shares of General Electric from $180.00 to $148.00 and set an “overweight” rating on the stock in a report on Tuesday, April 2nd. Bank of America upped their price target on shares of General Electric from $165.00 to $180.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Wells Fargo & Company raised their price objective on General Electric from $165.00 to $192.00 and gave the company an “overweight” rating in a research report on Monday, April 29th. Argus increased their target price on General Electric from $170.00 to $180.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Finally, Citigroup lifted their price objective on shares of General Electric from $120.43 to $186.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, General Electric has an average rating of “Moderate Buy” and an average price target of $172.29.

Read Our Latest Stock Analysis on GE

General Electric Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for General Electric (NYSE:GE)

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