Kathmere Capital Management LLC Has $722,000 Stake in General Electric (NYSE:GE)

Kathmere Capital Management LLC raised its holdings in General Electric (NYSE:GE) by 11.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,331 shares of the conglomerate’s stock after buying an additional 456 shares during the period. Kathmere Capital Management LLC’s holdings in General Electric were worth $722,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Fifth Third Wealth Advisors LLC increased its position in shares of General Electric by 14.3% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 16,584 shares of the conglomerate’s stock valued at $2,766,000 after acquiring an additional 2,080 shares during the last quarter. Community Trust & Investment Co. grew its stake in General Electric by 6.7% in the fourth quarter. Community Trust & Investment Co. now owns 1,695 shares of the conglomerate’s stock valued at $283,000 after purchasing an additional 107 shares in the last quarter. Pines Wealth Management LLC acquired a new position in shares of General Electric during the 4th quarter worth approximately $365,000. Breakwater Capital Group raised its stake in shares of General Electric by 1.2% during the 4th quarter. Breakwater Capital Group now owns 7,545 shares of the conglomerate’s stock worth $1,258,000 after purchasing an additional 87 shares in the last quarter. Finally, Cardinal Point Capital Management ULC boosted its holdings in shares of General Electric by 16.0% in the 4th quarter. Cardinal Point Capital Management ULC now owns 1,463 shares of the conglomerate’s stock valued at $244,000 after buying an additional 202 shares during the last quarter. 74.77% of the stock is owned by institutional investors.

Insider Buying and Selling

In other General Electric news, SVP Riccardo Procacci sold 7,000 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $181.13, for a total transaction of $1,267,910.00. Following the completion of the transaction, the senior vice president now owns 13,289 shares of the company’s stock, valued at approximately $2,407,036.57. The trade was a 34.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Russell Stokes sold 15,550 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $178.29, for a total transaction of $2,772,409.50. Following the completion of the sale, the senior vice president now owns 148,857 shares in the company, valued at approximately $26,539,714.53. The trade was a 9.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.66% of the stock is currently owned by company insiders.

General Electric Stock Performance

NYSE GE opened at $180.34 on Thursday. The firm has a 50-day moving average price of $174.37 and a two-hundred day moving average price of $173.74. General Electric has a 12-month low of $100.95 and a 12-month high of $194.80. The company has a market capitalization of $195.18 billion, a P/E ratio of 31.69, a P/E/G ratio of 1.63 and a beta of 1.19. The company has a quick ratio of 0.85, a current ratio of 1.13 and a debt-to-equity ratio of 0.95.

General Electric (NYSE:GE) last issued its quarterly earnings results on Tuesday, October 22nd. The conglomerate reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.02. General Electric had a return on equity of 18.93% and a net margin of 11.48%. The business had revenue of $9.84 billion during the quarter, compared to analysts’ expectations of $9.02 billion. During the same period in the previous year, the company posted $0.82 earnings per share. The firm’s revenue for the quarter was up 5.8% compared to the same quarter last year. Analysts anticipate that General Electric will post 4.24 earnings per share for the current year.

General Electric Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Friday, December 27th will be given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date of this dividend is Friday, December 27th. General Electric’s payout ratio is currently 19.68%.

Analysts Set New Price Targets

GE has been the topic of several analyst reports. Northcoast Research assumed coverage on shares of General Electric in a research report on Tuesday, January 7th. They set a “neutral” rating on the stock. Deutsche Bank Aktiengesellschaft dropped their target price on shares of General Electric from $235.00 to $228.00 and set a “buy” rating on the stock in a report on Thursday, January 2nd. Wells Fargo & Company lifted their price target on General Electric from $210.00 to $225.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. UBS Group upped their price objective on General Electric from $223.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Finally, Bank of America lifted their target price on General Electric from $180.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $201.47.

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.