Consilio Wealth Advisors LLC Takes Position in General Electric (NYSE:GE)

Consilio Wealth Advisors LLC purchased a new position in General Electric (NYSE:GE) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,211 shares of the conglomerate’s stock, valued at approximately $213,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of GE. Prime Capital Investment Advisors LLC raised its holdings in shares of General Electric by 29.3% during the 4th quarter. Prime Capital Investment Advisors LLC now owns 28,311 shares of the conglomerate’s stock worth $3,613,000 after buying an additional 6,419 shares in the last quarter. Fifth Third Bancorp lifted its holdings in shares of General Electric by 12.5% in the fourth quarter. Fifth Third Bancorp now owns 261,187 shares of the conglomerate’s stock worth $33,335,000 after acquiring an additional 28,985 shares during the last quarter. USA Financial Formulas lifted its holdings in shares of General Electric by 24,042.9% in the fourth quarter. USA Financial Formulas now owns 10,140 shares of the conglomerate’s stock worth $1,294,000 after acquiring an additional 10,098 shares during the last quarter. Grandfield & Dodd LLC grew its holdings in shares of General Electric by 9.3% during the 4th quarter. Grandfield & Dodd LLC now owns 269,783 shares of the conglomerate’s stock valued at $34,432,000 after purchasing an additional 22,998 shares during the last quarter. Finally, Rathbones Group PLC grew its holdings in shares of General Electric by 2.7% during the 4th quarter. Rathbones Group PLC now owns 225,814 shares of the conglomerate’s stock valued at $28,821,000 after purchasing an additional 5,997 shares during the last quarter. Institutional investors and hedge funds own 74.77% of the company’s stock.

Insider Buying and Selling at General Electric

In related news, SVP Russell Stokes sold 45,309 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $162.82, for a total transaction of $7,377,211.38. Following the transaction, the senior vice president now directly 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 SEC, which can be accessed through this link. Insiders own 0.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on GE shares. Oppenheimer reaffirmed a “market perform” rating on shares of General Electric in a research note on Tuesday, March 5th. StockNews.com initiated coverage on General Electric in a research report on Monday, April 29th. They set a “hold” rating on the stock. JPMorgan Chase & Co. lifted their price target on General Electric from $148.00 to $175.00 and gave the company an “overweight” rating in a research note on Monday, May 13th. Argus boosted their price target on General Electric from $170.00 to $180.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Finally, Jefferies Financial Group raised their price objective on shares of General Electric from $185.00 to $190.00 and gave the company a “buy” rating in a report on Friday. 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.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $181.93.

General Electric Trading Up 0.0 %

General Electric stock traded up $0.01 during trading hours on Monday, reaching $158.98. 4,433,602 shares of the company’s stock were exchanged, compared to its average volume of 7,324,816. The firm has a market capitalization of $174.02 billion, a PE ratio of 52.12, a PEG ratio of 1.69 and a beta of 1.22. The company has a quick ratio of 0.82, a current ratio of 1.17 and a debt-to-equity ratio of 0.63. The firm’s 50 day simple moving average is $162.36 and its 200 day simple moving average is $151.59. General Electric has a twelve month low of $84.42 and a twelve month high of $170.80.

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 business had revenue of $16.10 billion during the quarter, compared to the consensus estimate of $15.25 billion. General Electric had a return on equity of 12.54% and a net margin of 5.05%. The firm’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.27 earnings per share. Research analysts predict that General Electric will post 4 earnings per share for the current year.

General Electric Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 25th. Shareholders of record on Thursday, July 11th will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 0.70%. The ex-dividend date of this dividend is Thursday, July 11th. General Electric’s dividend payout ratio (DPR) is currently 36.72%.

About General Electric

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.