General Electric (NYSE:GE) Shares Acquired by Massmutual Trust Co. FSB ADV

Massmutual Trust Co. FSB ADV lifted its position in shares of General Electric (NYSE:GE) by 5.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,323 shares of the conglomerate’s stock after purchasing an additional 167 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in General Electric were worth $583,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in GE. Great Valley Advisor Group Inc. raised its stake in shares of General Electric by 1.7% in the 4th quarter. Great Valley Advisor Group Inc. now owns 4,316 shares of the conglomerate’s stock valued at $550,000 after purchasing an additional 74 shares in the last quarter. Checchi Capital Advisers LLC raised its stake in shares of General Electric by 1.2% in the 4th quarter. Checchi Capital Advisers LLC now owns 6,377 shares of the conglomerate’s stock valued at $814,000 after purchasing an additional 75 shares in the last quarter. Forte Capital LLC ADV raised its stake in shares of General Electric by 2.1% in the 4th quarter. Forte Capital LLC ADV now owns 4,067 shares of the conglomerate’s stock valued at $519,000 after purchasing an additional 83 shares in the last quarter. Atlas Brown Inc. raised its stake in shares of General Electric by 1.0% in the 4th quarter. Atlas Brown Inc. now owns 8,322 shares of the conglomerate’s stock valued at $1,062,000 after purchasing an additional 85 shares in the last quarter. Finally, Capital Analysts LLC raised its stake in shares of General Electric by 55.8% in the 4th quarter. Capital Analysts LLC now owns 243 shares of the conglomerate’s stock valued at $31,000 after purchasing an additional 87 shares in the last quarter. Institutional investors and hedge funds own 74.77% of the company’s stock.

Insider Buying and Selling

In related news, SVP Russell Stokes sold 45,309 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $162.82, for a total value of $7,377,211.38. Following the completion of the transaction, the senior vice president now owns 112,958 shares of the company’s stock, valued at approximately $18,391,821.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.66% of the stock is currently owned by insiders.

General Electric Price Performance

Shares of General Electric stock traded up $0.46 on Thursday, hitting $165.43. The company had a trading volume of 613,398 shares, compared to its average volume of 7,299,057. The company has a market cap of $181.08 billion, a PE ratio of 54.09, a PEG ratio of 1.76 and a beta of 1.23. General Electric has a 52 week low of $82.11 and a 52 week high of $170.80. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.17 and a quick ratio of 0.82. The business has a 50-day simple moving average of $161.35 and a 200-day simple moving average of $149.38.

General Electric (NYSE:GE) last issued its earnings results on Tuesday, April 23rd. The conglomerate reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.17. The firm had revenue of $16.10 billion during the quarter, compared to analysts’ expectations of $15.25 billion. General Electric had a net margin of 5.05% and a return on equity of 12.54%. The firm’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period last year, the firm posted $0.27 earnings per share. Research analysts expect that General Electric will post 3.99 EPS for the current fiscal year.

General Electric Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 25th. Investors of record on Monday, April 15th were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 0.68%. This is a boost from General Electric’s previous quarterly dividend of $0.08. The ex-dividend date was Friday, April 12th. General Electric’s dividend payout ratio (DPR) is presently 36.72%.

Wall Street Analyst Weigh In

GE has been the topic of several research reports. Bank of America increased their price objective on shares of General Electric from $165.00 to $180.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. JPMorgan Chase & Co. increased their price objective on shares of General Electric from $148.00 to $175.00 and gave the stock an “overweight” rating in a research note on Monday, May 13th. The Goldman Sachs Group increased their price objective on shares of General Electric from $190.00 to $211.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Oppenheimer reiterated a “market perform” rating on shares of General Electric in a research note on Tuesday, March 5th. Finally, Argus increased their price objective on shares of General Electric from $170.00 to $180.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Two investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $177.27.

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.