First Command Advisory Services Inc. Buys 316 Shares of General Electric (NYSE:GE)

First Command Advisory Services Inc. boosted its stake in shares of General Electric (NYSE:GE) by 10.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,348 shares of the conglomerate’s stock after acquiring an additional 316 shares during the period. First Command Advisory Services Inc.’s holdings in General Electric were worth $558,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GE. Otter Creek Advisors LLC boosted its stake in General Electric by 6.1% in the fourth quarter. Otter Creek Advisors LLC now owns 26,234 shares of the conglomerate’s stock valued at $4,376,000 after buying an additional 1,500 shares in the last quarter. Proficio Capital Partners LLC grew its holdings in shares of General Electric by 26,959.5% during the 4th quarter. Proficio Capital Partners LLC now owns 554,991 shares of the conglomerate’s stock valued at $92,567,000 after purchasing an additional 552,940 shares during the last quarter. Oppenheimer Asset Management Inc. increased its position in General Electric by 30.7% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 5,244 shares of the conglomerate’s stock worth $875,000 after purchasing an additional 1,231 shares in the last quarter. Allegiance Financial Group Advisory Services LLC lifted its stake in General Electric by 66.8% in the 4th quarter. Allegiance Financial Group Advisory Services LLC now owns 3,096 shares of the conglomerate’s stock valued at $516,000 after purchasing an additional 1,240 shares during the last quarter. Finally, Nwam LLC boosted its position in General Electric by 37.2% in the fourth quarter. Nwam LLC now owns 15,880 shares of the conglomerate’s stock valued at $2,649,000 after buying an additional 4,302 shares in the last quarter. 74.77% of the stock is owned by institutional investors and hedge funds.

General Electric Stock Up 1.2 %

GE opened at $201.56 on Thursday. The company’s 50-day moving average price is $188.73 and its two-hundred day moving average price is $181.58. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.88. General Electric has a twelve month low of $122.48 and a twelve month high of $212.19. The stock has a market cap of $216.34 billion, a price-to-earnings ratio of 33.65, a PEG ratio of 2.59 and a beta of 1.21.

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

General Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 10th will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 0.71%. This is a boost from General Electric’s previous quarterly dividend of $0.28. General Electric’s dividend payout ratio is 24.04%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Wells Fargo & Company increased their price target on General Electric from $225.00 to $250.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of General Electric from $235.00 to $228.00 and set a “buy” rating for the company in a research note on Thursday, January 2nd. Redburn Atlantic initiated coverage on General Electric in a report on Tuesday, February 18th. They set a “buy” rating and a $250.00 price target for the company. Northcoast Research began coverage on General Electric in a research report on Tuesday, January 7th. They set a “neutral” rating on the stock. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $200.00 price target on shares of General Electric in a research note on Wednesday, January 22nd. Three analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $211.31.

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.