General Electric (NYSE:GE) Shares Bought by Armstrong Fleming & Moore Inc

Armstrong Fleming & Moore Inc raised its holdings in General Electric (NYSE:GE) by 21.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,888 shares of the conglomerate’s stock after acquiring an additional 690 shares during the period. Armstrong Fleming & Moore Inc’s holdings in General Electric were worth $496,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of GE. Halpern Financial Inc. increased its holdings in shares of General Electric by 968.4% during the 4th quarter. Halpern Financial Inc. now owns 203 shares of the conglomerate’s stock worth $25,000 after buying an additional 184 shares during the last quarter. Criterion Capital Advisors LLC acquired a new stake in shares of General Electric during the 4th quarter worth approximately $27,000. CGC Financial Services LLC increased its holdings in shares of General Electric by 90.2% during the 4th quarter. CGC Financial Services LLC now owns 232 shares of the conglomerate’s stock worth $30,000 after buying an additional 110 shares during the last quarter. Capital Analysts LLC increased its holdings in shares of General Electric by 55.8% during the 4th quarter. Capital Analysts LLC now owns 243 shares of the conglomerate’s stock worth $31,000 after buying an additional 87 shares during the last quarter. Finally, Bfsg LLC purchased a new position in shares of General Electric during the 4th quarter worth approximately $32,000. Institutional investors and hedge funds own 74.77% of the company’s stock.

General Electric Stock Performance

NYSE GE traded down $2.12 during trading hours on Wednesday, hitting $159.70. The company had a trading volume of 4,774,931 shares, compared to its average volume of 8,024,022. The business has a 50 day moving average of $161.29 and a 200-day moving average of $137.17. General Electric has a 1-year low of $77.93 and a 1-year high of $166.26. 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 company has a market cap of $174.81 billion, a PE ratio of 52.18, a price-to-earnings-growth ratio of 2.93 and a beta of 1.29.

General Electric (NYSE:GE) last announced its earnings results on Tuesday, April 23rd. The conglomerate reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.17. General Electric had a net margin of 5.05% and a return on equity of 12.54%. The business had revenue of $16.10 billion during the quarter, compared to analysts’ expectations of $15.25 billion. During the same period in the prior year, the company earned $0.27 earnings per share. The business’s revenue was up 11.1% compared to the same quarter last year. As a group, equities research analysts expect that General Electric will post 3.95 EPS for the current year.

General Electric Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 25th. Investors of record on Monday, April 15th were issued a dividend of $0.28 per share. This is a boost from General Electric’s previous quarterly dividend of $0.08. This represents a $1.12 annualized dividend and a yield of 0.70%. The ex-dividend date was Friday, April 12th. General Electric’s dividend payout ratio is currently 36.72%.

Insider Buying and Selling

In related news, SVP Michael J. Holston sold 22,055 shares of the stock in a transaction dated 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 completion of the transaction, the senior vice president now directly owns 56,284 shares of the company’s stock, valued at $8,153,863.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other General Electric news, SVP Michael J. Holston sold 13,601 shares of the company’s 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 transaction, the senior vice president now directly owns 48,339 shares in the company, valued at $6,552,351.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Michael J. Holston sold 22,055 shares of the company’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $144.87, for a total transaction of $3,195,107.85. Following the transaction, the senior vice president now owns 56,284 shares in the company, valued at $8,153,863.08. The disclosure for this sale can be found here. 0.66% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

GE has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lowered their price objective on shares of General Electric from $180.00 to $148.00 and set an “overweight” rating for the company in a research report on Tuesday, April 2nd. Oppenheimer reaffirmed a “market perform” rating on shares of General Electric in a research report on Tuesday, March 5th. Argus increased their price objective on shares of General Electric from $170.00 to $180.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. StockNews.com began coverage on shares of General Electric in a research report on Monday. They set a “hold” rating for the company. Finally, Royal Bank of Canada raised their price target on shares of General Electric from $165.00 to $175.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $172.29.

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.