General Electric (NYSE:GE) Shares Acquired by Cabot Wealth Management Inc.

Cabot Wealth Management Inc. raised its stake in shares of General Electric (NYSE:GE) by 5.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,368 shares of the conglomerate’s stock after purchasing an additional 70 shares during the period. Cabot Wealth Management Inc.’s holdings in General Electric were worth $228,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

GE has been the topic of a number of recent research reports. Royal Bank of Canada restated an “outperform” rating and set a $200.00 price objective on shares of General Electric in a research note on Wednesday, January 22nd. UBS Group boosted their price target on General Electric from $215.00 to $235.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Bank of America lifted their price objective on shares of General Electric from $200.00 to $225.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Deutsche Bank Aktiengesellschaft decreased 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. Finally, Northcoast Research started coverage on shares of General Electric in a research note on Tuesday, January 7th. They set a “neutral” rating on the stock. Three research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $211.31.

General Electric Price Performance

Shares of NYSE GE opened at $199.90 on Friday. The business has a 50 day simple moving average of $186.57 and a 200-day simple moving average of $180.85. General Electric has a twelve month low of $119.88 and a twelve month high of $212.19. The company has a market capitalization of $214.55 billion, a price-to-earnings ratio of 33.37, a price-to-earnings-growth ratio of 2.59 and a beta of 1.22. 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 (NYSE:GE) last posted its quarterly 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 net margin of 14.31% and a return on equity of 22.19%. As a group, equities research analysts expect that General Electric will post 5.4 earnings per share for the current year.

General Electric Increases Dividend

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