Ameliora Wealth Management Ltd. Raises Holdings in General Electric (NYSE:GE)

Ameliora Wealth Management Ltd. raised its position in shares of General Electric (NYSE:GE) by 400.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 1,562 shares of the conglomerate’s stock after buying an additional 1,250 shares during the quarter. Ameliora Wealth Management Ltd.’s holdings in General Electric were worth $261,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Livforsakringsbolaget Skandia Omsesidigt lifted its stake in shares of General Electric by 9.0% in the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 26,632 shares of the conglomerate’s stock valued at $4,448,000 after purchasing an additional 2,200 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in General Electric by 5.7% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 132,918 shares of the conglomerate’s stock valued at $22,169,000 after buying an additional 7,213 shares in the last quarter. Strategic Financial Concepts LLC acquired a new stake in shares of General Electric in the fourth quarter worth $228,000. Ledyard National Bank raised its stake in shares of General Electric by 20.1% in the 4th quarter. Ledyard National Bank now owns 3,015 shares of the conglomerate’s stock valued at $503,000 after acquiring an additional 504 shares during the period. Finally, Leo Wealth LLC lifted its holdings in shares of General Electric by 5.9% during the 4th quarter. Leo Wealth LLC now owns 4,621 shares of the conglomerate’s stock valued at $771,000 after acquiring an additional 259 shares in the last quarter. Hedge funds and other institutional investors own 74.77% of the company’s stock.

General Electric Stock Up 0.7 %

NYSE:GE opened at $206.00 on Friday. The stock has a 50-day simple moving average of $178.72 and a 200 day simple moving average of $177.35. General Electric has a one year low of $110.34 and a one year high of $207.65. The company has a market capitalization of $222.95 billion, a price-to-earnings ratio of 34.39, a price-to-earnings-growth ratio of 2.53 and a beta of 1.21. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 1.09.

General Electric (NYSE:GE) last issued its quarterly earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share for the quarter, beating 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%. Sell-side analysts predict that General Electric will post 5.39 EPS for the current fiscal year.

General Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, January 27th. Stockholders of record on Friday, December 27th were given a $0.28 dividend. The ex-dividend date was Friday, December 27th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.54%. General Electric’s payout ratio is currently 18.70%.

Analyst Ratings Changes

Several analysts recently issued reports on GE shares. UBS Group increased their price target on General Electric from $215.00 to $235.00 and gave the company a “buy” rating in a report on Friday, January 24th. Wells Fargo & Company increased their target price on General Electric from $225.00 to $250.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. JPMorgan Chase & Co. upped their price target on General Electric from $190.00 to $210.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $200.00 price objective on shares of General Electric in a research report on Wednesday, January 22nd. Finally, Melius Research boosted their target price on shares of General Electric from $194.00 to $202.00 in a research report on Tuesday, October 22nd. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $208.73.

Insider Activity

In other news, SVP Russell Stokes sold 15,550 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $178.29, for a total transaction of $2,772,409.50. Following the completion of the transaction, the senior vice president now owns 148,857 shares in the company, valued at approximately $26,539,714.53. This represents a 9.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.66% of the company’s stock.

General Electric Company 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.