General Electric (NYSE:GE) Position Boosted by McAdam LLC

McAdam LLC increased its position in General Electric (NYSE:GE) by 5.8% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,439 shares of the conglomerate’s stock after purchasing an additional 133 shares during the period. McAdam LLC’s holdings in General Electric were worth $388,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GE. MFA Wealth Advisors LLC acquired a new stake in shares of General Electric during the second quarter worth $31,000. Bfsg LLC bought a new stake in shares of General Electric during the 4th quarter valued at about $32,000. Kapitalo Investimentos Ltda acquired a new stake in General Electric during the fourth quarter worth about $32,000. Richardson Financial Services Inc. bought a new position in General Electric in the first quarter worth about $34,000. Finally, Macroview Investment Management LLC boosted its stake in General Electric by 37.9% in the second quarter. Macroview Investment Management LLC now owns 211 shares of the conglomerate’s stock valued at $34,000 after acquiring an additional 58 shares during the period. 74.77% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

GE has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft increased their price target on General Electric from $195.00 to $209.00 and gave the stock a “buy” rating in a research report on Monday, June 10th. Royal Bank of Canada upped their price objective on General Electric from $175.00 to $190.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 24th. JPMorgan Chase & Co. raised their target price on General Electric from $148.00 to $175.00 and gave the company an “overweight” rating in a research note on Monday, May 13th. UBS Group boosted their price target on shares of General Electric from $201.00 to $209.00 and gave the company a “buy” rating in a report on Monday, July 1st. Finally, Wells Fargo & Company increased their price objective on shares of General Electric from $192.00 to $205.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $190.38.

General Electric Stock Up 0.9 %

Shares of GE stock opened at $171.22 on Friday. General Electric has a 1 year low of $84.42 and a 1 year high of $177.20. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.85 and a current ratio of 1.14. The business’s fifty day moving average is $164.39 and its 200-day moving average is $161.52. The stock has a market cap of $187.42 billion, a PE ratio of 56.14, a price-to-earnings-growth ratio of 1.70 and a beta of 1.21.

General Electric (NYSE:GE) last announced its earnings results on Tuesday, July 23rd. The conglomerate reported $1.20 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.21. General Electric had a return on equity of 16.07% and a net margin of 7.66%. The business had revenue of $9.09 billion during the quarter, compared to analysts’ expectations of $8.44 billion. During the same quarter last year, the business posted $0.68 earnings per share. The company’s quarterly revenue was up 3.9% on a year-over-year basis. Equities analysts expect that General Electric will post 4.15 earnings per share for the current fiscal year.

General Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 25th. Investors of record on Thursday, July 11th were issued a $0.28 dividend. The ex-dividend date was Thursday, July 11th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.65%. General Electric’s payout ratio 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.