Lincoln National Corp Buys 2,193 Shares of General Electric (NYSE:GE)

Lincoln National Corp increased its position in shares of General Electric (NYSE:GE) by 14.8% during the 4th quarter, Holdings Channel reports. The fund owned 17,053 shares of the conglomerate’s stock after buying an additional 2,193 shares during the quarter. Lincoln National Corp’s holdings in General Electric were worth $2,177,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the company. WCM Investment Management LLC acquired a new position in General Electric in the 4th quarter worth $520,488,000. International Assets Investment Management LLC lifted its position in shares of General Electric by 11,947.8% in the fourth quarter. International Assets Investment Management LLC now owns 1,576,570 shares of the conglomerate’s stock worth $201,218,000 after purchasing an additional 1,563,484 shares in the last quarter. Carmignac Gestion acquired a new position in General Electric during the third quarter worth $133,581,000. AQR Capital Management LLC lifted its position in General Electric by 358.4% during the 3rd quarter. AQR Capital Management LLC now owns 1,456,673 shares of the conglomerate’s stock worth $161,035,000 after buying an additional 1,138,896 shares in the last quarter. Finally, Barclays PLC grew its holdings in shares of General Electric by 30.5% in the 3rd quarter. Barclays PLC now owns 2,990,039 shares of the conglomerate’s stock valued at $330,548,000 after acquiring an additional 699,585 shares in the last quarter. Institutional investors and hedge funds own 74.77% of the company’s stock.

Insider Activity

In other General Electric news, SVP Michael J. Holston sold 22,055 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $144.87, for a total transaction of $3,195,107.85. Following the sale, the senior vice president now directly owns 56,284 shares of the company’s stock, valued at approximately $8,153,863.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.66% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on GE shares. TheStreet upgraded shares of General Electric from a “c+” rating to a “b+” rating in a report on Tuesday, January 23rd. Jefferies Financial Group increased their price target on General Electric from $180.00 to $185.00 and gave the company a “buy” rating in a research note on Monday, April 29th. StockNews.com began coverage on shares of General Electric in a research note on Monday, April 29th. They set a “hold” rating for the company. Bank of America increased their price target on shares of General Electric from $165.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on General Electric from $210.00 to $190.00 and set a “buy” rating on the stock in a research note on Wednesday, April 3rd. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, General Electric has an average rating of “Moderate Buy” and a consensus price target of $172.29.

General Electric Price Performance

Shares of GE stock traded up $0.91 on Wednesday, reaching $169.69. The company had a trading volume of 1,225,362 shares, compared to its average volume of 7,793,359. The stock has a market capitalization of $185.74 billion, a PE ratio of 55.67, a price-to-earnings-growth ratio of 2.92 and a beta of 1.25. The company has a quick ratio of 0.82, a current ratio of 1.17 and a debt-to-equity ratio of 0.63. The business’s 50-day moving average is $162.49 and its 200 day moving average is $139.17. General Electric has a one year low of $78.17 and a one year high of $170.80.

General Electric (NYSE:GE) last issued its earnings results on Tuesday, April 23rd. The conglomerate reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.17. The firm had revenue of $16.10 billion for the quarter, compared to analyst estimates of $15.25 billion. General Electric had a net margin of 5.05% and a return on equity of 12.54%. The company’s quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter last year, the business posted $0.27 earnings per share. Equities research analysts forecast that General Electric will post 3.96 EPS for the current fiscal year.

General Electric Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 25th. Shareholders of record on Monday, April 15th were given a $0.28 dividend. The ex-dividend date was Friday, April 12th. This is an increase from General Electric’s previous quarterly dividend of $0.08. This represents a $1.12 annualized dividend and a yield of 0.66%. General Electric’s dividend payout ratio (DPR) is currently 36.72%.

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.