General Electric (NYSE:GE) Stock Position Increased by Cabot Wealth Management Inc.

Cabot Wealth Management Inc. raised its position in shares of General Electric (NYSE:GE) by 5.4% in the fourth quarter, HoldingsChannel reports. The firm owned 1,368 shares of the conglomerate’s stock after acquiring an additional 70 shares during the period. Cabot Wealth Management Inc.’s holdings in General Electric were worth $228,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of GE. Valley Wealth Managers Inc. acquired a new position in shares of General Electric during the third quarter worth approximately $25,000. O Brien Wealth Partners LLC bought a new stake in General Electric during the 3rd quarter valued at $27,000. Hager Investment Management Services LLC acquired a new position in General Electric during the 4th quarter worth $27,000. Peterson Financial Group Inc. bought a new position in shares of General Electric in the third quarter worth $28,000. Finally, Sugar Maple Asset Management LLC acquired a new position in shares of General Electric during the fourth quarter valued at $29,000. Institutional investors own 74.77% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $200.00 price objective on shares of General Electric in a report on Wednesday, January 22nd. Redburn Atlantic started coverage on shares of General Electric in a report on Tuesday, February 18th. They issued a “buy” rating and a $250.00 price objective for the company. UBS Group boosted their target price on General Electric from $215.00 to $235.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Northcoast Research initiated coverage on General Electric in a research note on Tuesday, January 7th. They set a “neutral” rating for the company. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on General Electric from $235.00 to $228.00 and set a “buy” rating on the stock in a research report on Thursday, January 2nd. Three analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, General Electric currently has a consensus rating of “Moderate Buy” and a consensus price target of $211.31.

General Electric Stock Performance

Shares of GE opened at $199.90 on Friday. The company has a 50-day moving average of $186.57 and a two-hundred day moving average of $180.85. The stock has a market cap of $214.55 billion, a price-to-earnings ratio of 33.37, a PEG ratio of 2.59 and a beta of 1.22. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81. General Electric has a one year low of $119.88 and a one year high of $212.19.

General Electric (NYSE:GE) last posted its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.27. General Electric had a net margin of 14.31% and a return on equity of 22.19%. On average, equities research analysts expect that General Electric will post 5.4 earnings per share for the current year.

General Electric Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 10th will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 0.72%. This is a positive change from General Electric’s previous quarterly dividend of $0.28. General Electric’s payout ratio is presently 18.70%.

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.