FUKOKU MUTUAL LIFE INSURANCE Co Has $730,000 Stock Holdings in General Electric (NYSE:GE)

FUKOKU MUTUAL LIFE INSURANCE Co lowered its holdings in General Electric (NYSE:GE) by 7.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 4,379 shares of the conglomerate’s stock after selling 335 shares during the quarter. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in General Electric were worth $730,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. Valley Wealth Managers Inc. bought a new stake in shares of General Electric in the third quarter valued at $25,000. Hager Investment Management Services LLC bought a new position in shares of General Electric in the fourth quarter worth $27,000. Peterson Financial Group Inc. bought a new stake in shares of General Electric during the 3rd quarter valued at about $28,000. Sugar Maple Asset Management LLC purchased a new stake in shares of General Electric during the 4th quarter valued at $29,000. Finally, RPg Family Wealth Advisory LLC bought a new position in General Electric during the third quarter valued at approximately $30,000. 74.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company lifted their price objective on General Electric from $225.00 to $250.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. Redburn Atlantic assumed coverage on General Electric in a report on Tuesday, February 18th. They issued a “buy” rating and a $250.00 price objective for the company. Northcoast Research began coverage on shares of General Electric in a research note on Tuesday, January 7th. They issued a “neutral” rating on the stock. Bank of America raised their price target on General Electric from $200.00 to $225.00 and gave the company a “buy” rating in a report on Monday, January 27th. Finally, JPMorgan Chase & Co. raised their price target on General Electric from $190.00 to $210.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Three investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $211.31.

General Electric Trading Up 1.2 %

Shares of GE stock opened at $201.56 on Thursday. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $216.34 billion, a price-to-earnings ratio of 33.65, a PEG ratio of 2.59 and a beta of 1.21. The firm has a 50-day moving average price of $188.73 and a 200 day moving average price of $181.58. General Electric has a twelve month low of $122.48 and a twelve month high of $212.19.

General Electric (NYSE:GE) last released its quarterly earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.27. General Electric had a return on equity of 22.19% and a net margin of 14.31%. Research analysts forecast that General Electric will post 5.4 earnings per share for the current fiscal year.

General Electric Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, March 10th will be paid a $0.36 dividend. This is a boost from General Electric’s previous quarterly dividend of $0.28. This represents a $1.44 annualized dividend and a dividend yield of 0.71%. General Electric’s dividend payout ratio is presently 24.04%.

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.