VSM Wealth Advisory LLC Buys New Stake in General Electric (NYSE:GE)

VSM Wealth Advisory LLC bought a new stake in General Electric (NYSE:GE) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 225 shares of the conglomerate’s stock, valued at approximately $38,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Hager Investment Management Services LLC purchased a new position in shares of General Electric in the 4th quarter valued at approximately $27,000. Sugar Maple Asset Management LLC purchased a new stake in General Electric during the 4th quarter worth approximately $29,000. CBIZ Investment Advisory Services LLC acquired a new position in General Electric during the 4th quarter valued at approximately $29,000. RPg Family Wealth Advisory LLC purchased a new position in shares of General Electric in the third quarter worth $30,000. Finally, Picton Mahoney Asset Management lifted its stake in shares of General Electric by 62.4% during the fourth quarter. Picton Mahoney Asset Management now owns 177 shares of the conglomerate’s stock worth $30,000 after buying an additional 68 shares during the period. 74.77% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Bank of America upped their target price on General Electric from $200.00 to $225.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 price objective on shares of General Electric in a report on Wednesday, January 22nd. Wells Fargo & Company raised their price objective on General Electric from $225.00 to $250.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. Citigroup upped their target price on General Electric from $216.00 to $235.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Finally, Redburn Atlantic assumed coverage on shares of General Electric in a research report on Tuesday, February 18th. They set a “buy” rating and a $250.00 price target for the company. Two research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $211.31.

General Electric Price Performance

NYSE:GE opened at $205.67 on Thursday. 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 52 week low of $133.99 and a 52 week high of $212.19. The stock’s 50-day moving average price is $197.36 and its 200-day moving average price is $184.53. The stock has a market capitalization of $220.75 billion, a PE ratio of 34.34, a price-to-earnings-growth ratio of 2.59 and a beta of 1.19.

General Electric (NYSE:GE) last issued its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 EPS for the quarter, beating the consensus estimate 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 EPS for the current fiscal year.

General Electric Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, March 10th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 0.70%. This is a positive change from General Electric’s previous quarterly dividend of $0.28. The ex-dividend date is Monday, March 10th. General Electric’s dividend payout ratio (DPR) is 24.04%.

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.