Parthenon LLC Has $3.81 Million Holdings in General Electric (NYSE:GE)

Parthenon LLC decreased its holdings in shares of General Electric (NYSE:GE) by 1.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,817 shares of the conglomerate’s stock after selling 372 shares during the quarter. Parthenon LLC’s holdings in General Electric were worth $3,806,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of GE. Private Advisor Group LLC grew its stake in shares of General Electric by 3.7% during the fourth quarter. Private Advisor Group LLC now owns 101,955 shares of the conglomerate’s stock worth $17,005,000 after purchasing an additional 3,647 shares during the period. Financial Perspectives Inc boosted its holdings in General Electric by 18.4% during the fourth quarter. Financial Perspectives Inc now owns 1,552 shares of the conglomerate’s stock worth $259,000 after buying an additional 241 shares during the last quarter. DSM Capital Partners LLC grew its position in shares of General Electric by 29.8% during the 4th quarter. DSM Capital Partners LLC now owns 239,632 shares of the conglomerate’s stock worth $39,968,000 after buying an additional 54,967 shares during the period. Bank of Jackson Hole Trust bought a new stake in shares of General Electric in the 4th quarter valued at about $134,000. Finally, Hudson Canyon Capital Management raised its position in shares of General Electric by 7.4% in the 4th quarter. Hudson Canyon Capital Management now owns 12,350 shares of the conglomerate’s stock valued at $2,060,000 after acquiring an additional 850 shares during the period. 74.77% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on GE. JPMorgan Chase & Co. upped their target price on shares of General Electric from $190.00 to $210.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. Redburn Atlantic began coverage on shares of General Electric in a research report on Tuesday. They issued a “buy” rating and a $250.00 price objective for the company. UBS Group lifted their target price on General Electric from $215.00 to $235.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Wells Fargo & Company increased their price target on General Electric from $225.00 to $250.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. Finally, Northcoast Research assumed coverage on General Electric in a report on Tuesday, January 7th. They set a “neutral” rating on the stock. Three investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $211.31.

General Electric Trading Up 0.1 %

General Electric stock opened at $210.28 on Thursday. The company has a market cap of $225.69 billion, a price-to-earnings ratio of 35.11, a P/E/G ratio of 2.59 and a beta of 1.22. The firm has a 50-day moving average of $185.01 and a 200-day moving average of $180.23. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81. General Electric has a one year low of $118.13 and a one year high of $212.19.

General Electric (NYSE:GE) last posted its quarterly earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.27. General Electric had a return on equity of 22.19% and a net margin of 14.31%. On average, equities analysts expect that General Electric will post 5.39 earnings per share for the current fiscal year.

General Electric Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, March 10th will be given a dividend of $0.36 per share. This is a positive change from General Electric’s previous quarterly dividend of $0.28. This represents a $1.44 annualized dividend and a yield of 0.68%. General Electric’s dividend payout ratio is 18.70%.

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.