Cedar Mountain Advisors LLC Acquires 157 Shares of General Electric (NYSE:GE)

Cedar Mountain Advisors LLC lifted its position in shares of General Electric (NYSE:GE) by 100.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 313 shares of the conglomerate’s stock after acquiring an additional 157 shares during the period. Cedar Mountain Advisors LLC’s holdings in General Electric were worth $52,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in GE. Daymark Wealth Partners LLC lifted its stake in General Electric by 19.9% during the 2nd quarter. Daymark Wealth Partners LLC now owns 21,720 shares of the conglomerate’s stock valued at $3,453,000 after acquiring an additional 3,607 shares during the period. MBB Public Markets I LLC grew its position in General Electric by 6,591.3% in the 2nd quarter. MBB Public Markets I LLC now owns 77,485 shares of the conglomerate’s stock worth $12,318,000 after purchasing an additional 76,327 shares during the period. Marathon Capital Management raised its stake in General Electric by 25.8% during the 2nd quarter. Marathon Capital Management now owns 1,707 shares of the conglomerate’s stock valued at $271,000 after buying an additional 350 shares during the last quarter. Makena Capital Management LLC lifted its holdings in shares of General Electric by 7.8% during the 2nd quarter. Makena Capital Management LLC now owns 115,998 shares of the conglomerate’s stock valued at $18,440,000 after buying an additional 8,349 shares during the period. Finally, Mackenzie Financial Corp lifted its holdings in shares of General Electric by 10.5% during the 2nd quarter. Mackenzie Financial Corp now owns 603,988 shares of the conglomerate’s stock valued at $96,016,000 after buying an additional 57,372 shares during the period. 74.77% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Deutsche Bank Aktiengesellschaft reduced their price objective on General Electric from $235.00 to $228.00 and set a “buy” rating for the company in a research report on Thursday, January 2nd. JPMorgan Chase & Co. increased their price objective on shares of General Electric from $190.00 to $210.00 and gave the stock an “overweight” rating in a research note on Friday. Royal Bank of Canada restated an “outperform” rating and set a $200.00 target price on shares of General Electric in a research report on Wednesday. Wells Fargo & Company increased their price target on shares of General Electric from $225.00 to $250.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, Northcoast Research began coverage on shares of General Electric in a research report on Tuesday, January 7th. They set a “neutral” rating for the company. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, General Electric presently has a consensus rating of “Moderate Buy” and an average price target of $205.80.

Insider Activity at General Electric

In related news, SVP Russell Stokes sold 15,550 shares of General Electric stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $178.29, for a total transaction of $2,772,409.50. Following the completion of the transaction, the senior vice president now directly owns 148,857 shares of the company’s stock, valued at approximately $26,539,714.53. The trade was a 9.46 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Riccardo Procacci sold 7,000 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $181.13, for a total transaction of $1,267,910.00. Following the completion of the sale, the senior vice president now directly owns 13,289 shares in the company, valued at $2,407,036.57. This trade represents a 34.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.66% of the stock is owned by corporate insiders.

General Electric Stock Down 2.0 %

NYSE GE opened at $196.81 on Friday. General Electric has a 12 month low of $103.75 and a 12 month high of $207.65. The company has a current ratio of 1.13, a quick ratio of 0.85 and a debt-to-equity ratio of 0.95. The stock has a market cap of $213.00 billion, a PE ratio of 34.59, a P/E/G ratio of 1.53 and a beta of 1.19. The stock’s 50 day moving average is $175.33 and its 200 day moving average is $175.00.

General Electric (NYSE:GE) last released its earnings results on Thursday, January 23rd. The conglomerate reported $1.32 EPS for the quarter, topping the consensus estimate of $1.05 by $0.27. General Electric had a net margin of 11.48% and a return on equity of 18.93%. Research analysts predict that General Electric will post 4.23 EPS for the current fiscal year.

General Electric Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Friday, December 27th will be given a $0.28 dividend. The ex-dividend date of this dividend is Friday, December 27th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.57%. General Electric’s dividend payout ratio is currently 19.68%.

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.