General Electric (NYSE:GE) Shares Bought by Jaffetilchin Investment Partners LLC

Jaffetilchin Investment Partners LLC lifted its holdings in shares of General Electric (NYSE:GE) by 1.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,648 shares of the conglomerate’s stock after purchasing an additional 250 shares during the quarter. Jaffetilchin Investment Partners LLC’s holdings in General Electric were worth $2,276,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in GE. New Age Alpha Advisors LLC boosted its holdings in shares of General Electric by 133.3% in the 4th quarter. New Age Alpha Advisors LLC now owns 147 shares of the conglomerate’s stock valued at $25,000 after purchasing an additional 84 shares during the last quarter. Hager Investment Management Services LLC purchased a new position in shares of General Electric in the 4th quarter worth $27,000. Sumitomo Mitsui Financial Group Inc. acquired a new position in General Electric in the fourth quarter valued at $28,000. Sugar Maple Asset Management LLC purchased a new stake in General Electric during the fourth quarter valued at about $29,000. Finally, CBIZ Investment Advisory Services LLC purchased a new stake in General Electric during the fourth quarter valued at about $29,000. Hedge funds and other institutional investors own 74.77% of the company’s stock.

General Electric Trading Down 3.1 %

NYSE:GE opened at $181.54 on Friday. The stock has a market cap of $194.84 billion, a price-to-earnings ratio of 30.31, a price-to-earnings-growth ratio of 2.59 and a beta of 1.04. General Electric has a one year low of $146.78 and a one year high of $214.21. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 1.09. The business’s 50-day simple moving average is $198.78 and its 200 day simple moving average is $186.65.

General Electric (NYSE:GE) last announced its earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share (EPS) for the quarter, beating 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%. As a group, sell-side analysts predict that General Electric will post 5.4 earnings per share for the current fiscal year.

General Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, March 10th will be issued 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 yield of 0.79%. The ex-dividend date is Monday, March 10th. General Electric’s dividend payout ratio (DPR) is currently 24.04%.

Analyst Upgrades and Downgrades

GE has been the topic of several research analyst reports. Wells Fargo & Company reduced their price objective on General Electric from $250.00 to $203.00 and set an “overweight” rating on the stock in a research note on Tuesday. UBS Group raised their price target on shares of General Electric from $215.00 to $235.00 and gave the company a “buy” rating in a report on Friday, January 24th. Redburn Atlantic initiated coverage on shares of General Electric in a research note on Tuesday, February 18th. They set a “buy” rating and a $250.00 price objective for the company. JPMorgan Chase & Co. raised their target price on shares of General Electric from $190.00 to $210.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. Finally, Bank of America lifted their target price on shares of General Electric from $200.00 to $225.00 and gave the company a “buy” rating in a report on Monday, January 27th. One analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $212.73.

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.