Fairfield Bush & CO. Raises Stake in General Electric (NYSE:GE)

Fairfield Bush & CO. grew its holdings in shares of General Electric (NYSE:GE) by 109.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,204 shares of the conglomerate’s stock after acquiring an additional 4,290 shares during the quarter. Fairfield Bush & CO.’s holdings in General Electric were worth $1,368,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in GE. Truvestments Capital LLC raised its position in General Electric by 26.2% in the 4th quarter. Truvestments Capital LLC now owns 236 shares of the conglomerate’s stock worth $39,000 after purchasing an additional 49 shares during the period. Ritter Daniher Financial Advisory LLC DE grew its stake in shares of General Electric by 17.6% during the fourth quarter. Ritter Daniher Financial Advisory LLC DE now owns 334 shares of the conglomerate’s stock valued at $56,000 after buying an additional 50 shares during the last quarter. Ballast Advisors LLC increased its holdings in shares of General Electric by 2.5% in the fourth quarter. Ballast Advisors LLC now owns 2,093 shares of the conglomerate’s stock worth $349,000 after buying an additional 51 shares during the period. Blue Barn Wealth LLC lifted its stake in shares of General Electric by 3.8% in the 4th quarter. Blue Barn Wealth LLC now owns 1,466 shares of the conglomerate’s stock valued at $245,000 after acquiring an additional 54 shares during the last quarter. Finally, Game Plan Financial Advisors LLC boosted its holdings in General Electric by 10.5% during the 4th quarter. Game Plan Financial Advisors LLC now owns 578 shares of the conglomerate’s stock valued at $96,000 after acquiring an additional 55 shares during the period. 74.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

GE has been the subject of several recent research reports. UBS Group boosted their price objective on General Electric from $215.00 to $235.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Northcoast Research raised shares of General Electric from a “neutral” rating to a “buy” rating and set a $205.00 price target for the company in a research report on Wednesday, April 9th. Citigroup decreased their price objective on shares of General Electric from $235.00 to $227.00 and set a “buy” rating on the stock in a research report on Thursday, April 10th. Redburn Atlantic assumed coverage on shares of General Electric in a report on Tuesday, February 18th. They set a “buy” rating and a $250.00 target price for the company. Finally, Bank of America boosted 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. One equities research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, General Electric currently has an average rating of “Moderate Buy” and an average target price of $213.33.

General Electric Trading Down 1.7 %

GE opened at $182.60 on Thursday. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.88. General Electric has a 52 week low of $146.78 and a 52 week high of $214.21. The stock has a market cap of $195.98 billion, a PE ratio of 30.48, a PEG ratio of 2.59 and a beta of 1.04. The business has a 50 day moving average of $197.13 and a 200-day moving average of $186.58.

General Electric (NYSE:GE) last announced its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 EPS 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%. Equities research analysts predict that General Electric will post 5.4 earnings per share for the current fiscal year.

General Electric Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 10th will be paid a dividend of $0.36 per share. The ex-dividend date is Monday, March 10th. This represents a $1.44 annualized dividend and a yield of 0.79%. This is a positive change from General Electric’s previous quarterly dividend of $0.28. General Electric’s payout ratio is presently 24.04%.

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.