Cobblestone Capital Advisors LLC NY Purchases 63 Shares of General Electric (NYSE:GE)

Cobblestone Capital Advisors LLC NY grew its position in shares of General Electric (NYSE:GE) by 0.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,036 shares of the conglomerate’s stock after acquiring an additional 63 shares during the quarter. Cobblestone Capital Advisors LLC NY’s holdings in General Electric were worth $1,174,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the stock. Valley Wealth Managers Inc. bought a new position in General Electric in the 3rd quarter valued at $25,000. Hager Investment Management Services LLC purchased a new position in shares of General Electric during the 4th quarter valued at $27,000. Peterson Financial Group Inc. purchased a new position in shares of General Electric during the 3rd quarter valued at $28,000. Sugar Maple Asset Management LLC purchased a new position in shares of General Electric during the 4th quarter valued at $29,000. Finally, RPg Family Wealth Advisory LLC purchased a new position in shares of General Electric during the 3rd quarter valued at $30,000. Institutional investors own 74.77% of the company’s stock.

General Electric Price Performance

GE opened at $207.22 on Friday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 1.09. General Electric has a 52-week low of $124.08 and a 52-week high of $212.19. The stock has a market capitalization of $222.40 billion, a PE ratio of 34.59, a price-to-earnings-growth ratio of 2.59 and a beta of 1.21. The stock’s 50 day moving average price is $190.24 and its 200-day moving average price is $182.00.

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, beating the consensus estimate of $1.05 by $0.27. General Electric had a return on equity of 22.19% and a net margin of 14.31%. On average, equities research analysts predict that General Electric will post 5.4 EPS for the current year.

General Electric Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 10th will be given a dividend of $0.36 per share. This is a positive change from General Electric’s previous quarterly dividend of $0.28. This represents a $1.44 annualized dividend and a dividend yield of 0.69%. General Electric’s payout ratio is currently 24.04%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on GE shares. Deutsche Bank Aktiengesellschaft dropped their price target on General Electric from $235.00 to $228.00 and set a “buy” rating on the stock in a research report on Thursday, January 2nd. Redburn Atlantic started coverage on General Electric in a report on Tuesday, February 18th. They set a “buy” rating and a $250.00 price objective on the stock. Bank of America increased their price objective on General Electric from $200.00 to $225.00 and gave the stock a “buy” rating in a report on Monday, January 27th. JPMorgan Chase & Co. increased their price objective on General Electric from $190.00 to $210.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. Finally, Citigroup increased their price objective on General Electric from $216.00 to $235.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Three analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $211.31.

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.