Capital International Inc. CA Purchases 42,655 Shares of General Electric (NYSE:GE)

Capital International Inc. CA grew its holdings in shares of General Electric (NYSE:GE) by 10.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 459,803 shares of the conglomerate’s stock after purchasing an additional 42,655 shares during the quarter. General Electric comprises approximately 0.9% of Capital International Inc. CA’s portfolio, making the stock its 25th biggest holding. Capital International Inc. CA’s holdings in General Electric were worth $76,691,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Virtu Financial LLC purchased a new position in shares of General Electric during the 3rd quarter valued at $3,400,000. Westside Investment Management Inc. increased its stake in General Electric by 6.0% in the 3rd quarter. Westside Investment Management Inc. now owns 1,245 shares of the conglomerate’s stock worth $235,000 after acquiring an additional 70 shares during the last quarter. Diamant Asset Management Inc. raised its holdings in shares of General Electric by 2.7% in the 3rd quarter. Diamant Asset Management Inc. now owns 6,098 shares of the conglomerate’s stock valued at $1,150,000 after acquiring an additional 158 shares in the last quarter. Morse Asset Management Inc boosted its position in shares of General Electric by 30.2% during the 3rd quarter. Morse Asset Management Inc now owns 18,616 shares of the conglomerate’s stock valued at $3,511,000 after acquiring an additional 4,320 shares during the last quarter. Finally, SkyView Investment Advisors LLC grew its holdings in shares of General Electric by 1.9% during the third quarter. SkyView Investment Advisors LLC now owns 12,240 shares of the conglomerate’s stock worth $2,308,000 after purchasing an additional 232 shares in the last quarter. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

General Electric Stock Performance

Shares of GE stock opened at $181.88 on Friday. The company’s fifty day moving average price is $196.12 and its 200-day moving average price is $186.50. The stock has a market cap of $195.21 billion, a PE ratio of 30.36, a price-to-earnings-growth ratio of 2.59 and a beta of 1.04. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88. General Electric has a 12 month low of $146.78 and a 12 month high of $214.21.

General Electric (NYSE:GE) last announced its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share 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 analysts expect that General Electric will post 5.4 EPS for the current fiscal year.

General Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, March 10th will be paid a dividend of $0.36 per share. This is a boost from General Electric’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.44 dividend on an annualized basis and a yield of 0.79%. General Electric’s payout ratio is presently 24.04%.

Analysts Set New Price Targets

A number of brokerages have recently commented on GE. Citigroup decreased their price target on shares of General Electric from $235.00 to $227.00 and set a “buy” rating on the stock in a report on Thursday, April 10th. Northcoast Research upgraded General Electric from a “neutral” rating to a “buy” rating and set a $205.00 price target on the stock in a research report on Wednesday, April 9th. Bank of America upped their price objective on General Electric from $200.00 to $225.00 and gave the stock a “buy” rating in a report on Monday, January 27th. JPMorgan Chase & Co. raised their price objective on General Electric from $190.00 to $210.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $200.00 target price on shares of General Electric in a research note on Wednesday, January 22nd. One investment analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $213.33.

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.