2,800 Shares in General Electric (NYSE:GE) Bought by Scholtz & Company LLC

Scholtz & Company LLC acquired a new position in shares of General Electric (NYSE:GE) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 2,800 shares of the conglomerate’s stock, valued at approximately $357,000.

Several other hedge funds have also added to or reduced their stakes in the business. Tyro Capital Management LLC acquired a new stake in General Electric during the 4th quarter worth $6,909,000. Westwood Holdings Group Inc. acquired a new stake in General Electric during the 4th quarter worth $1,797,000. Waterloo Capital L.P. acquired a new stake in General Electric during the 4th quarter worth $292,000. Stonehage Fleming Financial Services Holdings Ltd raised its stake in shares of General Electric by 11.1% in the 4th quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 4,646 shares of the conglomerate’s stock valued at $593,000 after purchasing an additional 464 shares during the period. Finally, Prudential PLC raised its stake in shares of General Electric by 14.0% in the 4th quarter. Prudential PLC now owns 59,593 shares of the conglomerate’s stock valued at $7,606,000 after purchasing an additional 7,333 shares during the period. Institutional investors and hedge funds own 74.77% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on GE shares. The Goldman Sachs Group lifted their price target on General Electric from $190.00 to $211.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Oppenheimer reissued a “market perform” rating on shares of General Electric in a research note on Tuesday, March 5th. Argus lifted their price target on General Electric from $170.00 to $180.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Deutsche Bank Aktiengesellschaft dropped their price target 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. Finally, UBS Group lifted their price target on General Electric from $191.00 to $201.00 and gave the company a “buy” rating in a research note on Thursday, May 23rd. Two analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, General Electric presently has a consensus rating of “Moderate Buy” and an average target price of $176.00.

Insider Buying and Selling at General Electric

In other General Electric news, SVP Russell Stokes sold 45,309 shares of the business’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $162.82, for a total transaction of $7,377,211.38. Following the completion of the transaction, the senior vice president now directly owns 112,958 shares in the company, valued at $18,391,821.56. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.66% of the company’s stock.

General Electric Stock Performance

General Electric stock traded up $1.30 during midday trading on Friday, reaching $161.92. 3,341,848 shares of the company’s stock were exchanged, compared to its average volume of 5,528,748. General Electric has a 52 week low of $82.11 and a 52 week high of $170.80. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.82 and a current ratio of 1.17. The firm has a market cap of $177.24 billion, a price-to-earnings ratio of 53.09, a P/E/G ratio of 1.79 and a beta of 1.23. The stock’s 50-day simple moving average is $160.15 and its 200 day simple moving average is $147.09.

General Electric (NYSE:GE) last posted its quarterly earnings results on Tuesday, April 23rd. The conglomerate reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.17. General Electric had a return on equity of 12.54% and a net margin of 5.05%. The business had revenue of $16.10 billion during the quarter, compared to analysts’ expectations of $15.25 billion. During the same quarter last year, the company posted $0.27 earnings per share. General Electric’s quarterly revenue was up 11.1% on a year-over-year basis. On average, analysts expect that General Electric will post 3.98 earnings per share for the current fiscal year.

General Electric Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 25th. Shareholders of record on Monday, April 15th were given a dividend of $0.28 per share. 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 0.69%. The ex-dividend date of this dividend was Friday, April 12th. General Electric’s payout ratio is currently 36.72%.

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.