Burford Brothers Inc. Has $2.08 Million Holdings in General Electric (NYSE:GE)

Burford Brothers Inc. boosted its holdings in shares of General Electric (NYSE:GE) by 1.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,038 shares of the conglomerate’s stock after acquiring an additional 175 shares during the quarter. General Electric accounts for about 1.1% of Burford Brothers Inc.’s investment portfolio, making the stock its 19th largest holding. Burford Brothers Inc.’s holdings in General Electric were worth $2,082,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Studio Investment Management LLC raised its stake in shares of General Electric by 97.5% during the 2nd quarter. Studio Investment Management LLC now owns 158 shares of the conglomerate’s stock worth $25,000 after purchasing an additional 78 shares in the last quarter. Toth Financial Advisory Corp purchased a new stake in shares of General Electric during the 3rd quarter worth about $25,000. O Brien Wealth Partners LLC purchased a new stake in shares of General Electric during the 3rd quarter worth about $27,000. MFA Wealth Advisors LLC purchased a new stake in shares of General Electric during the 2nd quarter worth about $31,000. Finally, Financial Connections Group Inc. purchased a new stake in shares of General Electric during the 2nd quarter worth about $32,000. 74.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently weighed in on GE shares. StockNews.com downgraded General Electric from a “buy” rating to a “hold” rating in a research note on Monday, July 29th. Melius Research lifted their price target on General Electric from $194.00 to $202.00 in a research report on Tuesday. Jefferies Financial Group lifted their price objective on General Electric from $185.00 to $190.00 and gave the stock a “buy” rating in a report on Friday, June 28th. Citigroup lifted their price objective on General Electric from $198.00 to $216.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Finally, Bank of America lifted their price objective on General Electric from $180.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday. Two research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $200.93.

General Electric Trading Down 0.3 %

Shares of GE opened at $179.16 on Friday. The stock has a fifty day moving average price of $179.90 and a two-hundred day moving average price of $168.38. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.85 and a current ratio of 1.14. General Electric has a 52-week low of $84.58 and a 52-week high of $194.80. The company has a market cap of $196.11 billion, a price-to-earnings ratio of 58.74, a PEG ratio of 1.86 and a beta of 1.18.

General Electric (NYSE:GE) last issued its quarterly earnings data on Tuesday, October 22nd. The conglomerate reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.02. General Electric had a return on equity of 16.07% and a net margin of 7.66%. The firm had revenue of $9.84 billion during the quarter, compared to the consensus estimate of $9.02 billion. During the same quarter in the previous year, the company posted $0.82 EPS. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. Analysts predict that General Electric will post 4.2 EPS for the current fiscal year.

General Electric Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Thursday, September 26th were given a dividend of $0.28 per share. The ex-dividend date was Thursday, September 26th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.63%. General Electric’s payout ratio is currently 36.72%.

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.