Investors Asset Management of Georgia Inc. GA ADV Raises Position in General Electric (NYSE:GE)

Investors Asset Management of Georgia Inc. GA ADV increased its stake in General Electric (NYSE:GE) by 22.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 14,534 shares of the conglomerate’s stock after purchasing an additional 2,697 shares during the quarter. General Electric accounts for approximately 0.9% of Investors Asset Management of Georgia Inc. GA ADV’s holdings, making the stock its 26th largest position. Investors Asset Management of Georgia Inc. GA ADV’s holdings in General Electric were worth $1,816,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Halpern Financial Inc. lifted its stake in shares of General Electric by 968.4% during the 4th quarter. Halpern Financial Inc. now owns 203 shares of the conglomerate’s stock valued at $25,000 after buying an additional 184 shares in the last quarter. CGC Financial Services LLC lifted its position in shares of General Electric by 90.2% in the fourth quarter. CGC Financial Services LLC now owns 232 shares of the conglomerate’s stock valued at $30,000 after acquiring an additional 110 shares in the last quarter. Capital Analysts LLC boosted its stake in shares of General Electric by 55.8% in the fourth quarter. Capital Analysts LLC now owns 243 shares of the conglomerate’s stock worth $31,000 after acquiring an additional 87 shares during the period. Global Wealth Management Investment Advisory Inc. grew its position in shares of General Electric by 808.1% during the first quarter. Global Wealth Management Investment Advisory Inc. now owns 336 shares of the conglomerate’s stock worth $31,000 after purchasing an additional 299 shares in the last quarter. Finally, Financial Freedom LLC bought a new stake in General Electric during the 4th quarter valued at approximately $32,000. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at General Electric

In other General Electric news, SVP Michael J. Holston sold 13,601 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $135.55, for a total value of $1,843,615.55. Following the sale, the senior vice president now owns 48,339 shares in the company, valued at approximately $6,552,351.45. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, SVP Michael J. Holston sold 13,601 shares of the stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $135.55, for a total transaction of $1,843,615.55. Following the sale, the senior vice president now directly owns 48,339 shares of the company’s stock, valued at approximately $6,552,351.45. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Michael J. Holston sold 22,055 shares of General Electric stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $144.87, for a total value of $3,195,107.85. Following the completion of the transaction, the senior vice president now owns 56,284 shares of the company’s stock, valued at approximately $8,153,863.08. The disclosure for this sale can be found here. 0.66% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts have weighed in on the company. TD Cowen upgraded General Electric from a “hold” rating to a “buy” rating and upped their price target for the stock from $175.00 to $180.00 in a research note on Tuesday, April 9th. Oppenheimer reiterated a “market perform” rating on shares of General Electric in a report on Tuesday, March 5th. StockNews.com started coverage on shares of General Electric in a report on Saturday, April 13th. They set a “hold” rating for the company. Wells Fargo & Company reduced their target price on General Electric from $200.00 to $165.00 and set an “overweight” rating on the stock in a report on Thursday, April 4th. Finally, TheStreet raised General Electric from a “c+” rating to a “b+” rating in a research note on Tuesday, January 23rd. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $160.07.

General Electric Stock Down 0.7 %

GE traded down $1.06 during trading on Thursday, hitting $154.61. The stock had a trading volume of 2,905,917 shares, compared to its average volume of 7,937,254. The stock has a 50 day simple moving average of $158.87 and a two-hundred day simple moving average of $133.96. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.85 and a current ratio of 1.18. General Electric has a twelve month low of $76.87 and a twelve month high of $158.68. The company has a market capitalization of $169.03 billion, a PE ratio of 18.75, a PEG ratio of 3.07 and a beta of 1.29.

General Electric (NYSE:GE) last announced its earnings results on Tuesday, January 23rd. The conglomerate reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.13. General Electric had a return on equity of 10.88% and a net margin of 13.95%. The firm had revenue of $19.42 billion for the quarter, compared to the consensus estimate of $17.27 billion. During the same period in the previous year, the business earned $1.24 EPS. The firm’s revenue for the quarter was up 15.4% on a year-over-year basis. On average, research analysts predict that General Electric will post 3.78 earnings per share for the current year.

General Electric Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 25th. Stockholders of record on Monday, April 15th will be issued a $0.28 dividend. This is an increase from General Electric’s previous quarterly dividend of $0.08. This represents a $1.12 annualized dividend and a dividend yield of 0.72%. The ex-dividend date of this dividend is Friday, April 12th. General Electric’s dividend payout ratio is 13.38%.

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.