2,301 Shares in General Electric (NYSE:GE) Bought by Foster Victor Wealth Advisors LLC

Foster Victor Wealth Advisors LLC bought a new stake in General Electric (NYSE:GE) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,301 shares of the conglomerate’s stock, valued at approximately $421,000.

Several other institutional investors have also recently bought and sold shares of the business. Toth Financial Advisory Corp bought a new stake in shares of General Electric during the third quarter worth about $25,000. Valley Wealth Managers Inc. bought a new stake in General Electric during the 3rd quarter worth approximately $25,000. O Brien Wealth Partners LLC acquired a new position in General Electric in the 3rd quarter valued at approximately $27,000. Peterson Financial Group Inc. acquired a new position in General Electric in the 3rd quarter valued at approximately $28,000. Finally, Sugar Maple Asset Management LLC bought a new position in shares of General Electric during the fourth quarter valued at $29,000. Institutional investors and hedge funds own 74.77% of the company’s stock.

Insider Activity at General Electric

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

General Electric Trading Up 2.3 %

GE opened at $198.88 on Thursday. The company has a fifty day moving average price of $176.00 and a two-hundred day moving average price of $175.63. General Electric has a 1-year low of $104.98 and a 1-year high of $207.65. The company has a market cap of $215.25 billion, a P/E ratio of 34.95, a price-to-earnings-growth ratio of 1.53 and a beta of 1.19. The company has a current ratio of 1.13, a quick ratio of 0.85 and a debt-to-equity ratio of 0.95.

General Electric (NYSE:GE) last issued its earnings results on Thursday, January 23rd. The conglomerate reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.27. General Electric had a return on equity of 18.93% and a net margin of 11.48%. Analysts predict that General Electric will post 4.23 EPS for the current fiscal year.

General Electric Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 27th. Investors of record on Friday, December 27th were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date was Friday, December 27th. General Electric’s dividend payout ratio is currently 19.68%.

Analysts Set New Price Targets

Several analysts recently weighed in on GE shares. Wells Fargo & Company boosted their price objective on shares of General Electric from $225.00 to $250.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. Northcoast Research assumed coverage on General Electric in a research report on Tuesday, January 7th. They issued a “neutral” rating on the stock. Deutsche Bank Aktiengesellschaft lowered their price objective on General Electric from $235.00 to $228.00 and set a “buy” rating for the company in a research report on Thursday, January 2nd. Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 target price on shares of General Electric in a report on Wednesday, January 22nd. Finally, Citigroup raised their price target on shares of General Electric from $216.00 to $235.00 and gave the stock a “buy” rating in a report on Monday. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $208.73.

General Electric 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.