Olympiad Research LP Acquires New Holdings in General Electric (NYSE:GE)

Olympiad Research LP acquired a new stake in shares of General Electric (NYSE:GE) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,453 shares of the conglomerate’s stock, valued at approximately $242,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Valley Wealth Managers Inc. bought a new position in shares of General Electric in the third quarter valued at approximately $25,000. Peterson Financial Group Inc. bought a new position in shares of General Electric in the third quarter valued at approximately $28,000. RPg Family Wealth Advisory LLC bought a new position in shares of General Electric in the third quarter valued at approximately $30,000. Hager Investment Management Services LLC bought a new position in shares of General Electric in the fourth quarter valued at approximately $27,000. Finally, Costello Asset Management INC raised its position in shares of General Electric by 92.0% in the third quarter. Costello Asset Management INC now owns 167 shares of the conglomerate’s stock valued at $31,000 after purchasing an additional 80 shares during the period. Institutional investors own 74.77% of the company’s stock.

General Electric Stock Down 4.2 %

GE opened at $199.90 on Monday. General Electric has a fifty-two week low of $119.88 and a fifty-two week high of $212.19. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81. The firm’s fifty day moving average price is $186.57 and its two-hundred day moving average price is $180.98. The company has a market capitalization of $214.55 billion, a P/E ratio of 33.37, a P/E/G ratio of 2.59 and a beta of 1.22.

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, topping analysts’ consensus estimates of $1.05 by $0.27. General Electric had a net margin of 14.31% and a return on equity of 22.19%. On average, analysts anticipate that General Electric will post 5.4 EPS for the current year.

General Electric Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, March 10th will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 0.72%. This is an increase from General Electric’s previous quarterly dividend of $0.28. General Electric’s payout ratio is currently 18.70%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Citigroup lifted their price target on shares of General Electric from $216.00 to $235.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $200.00 target price on shares of General Electric in a research report on Wednesday, January 22nd. UBS Group boosted their target price on shares of General Electric from $215.00 to $235.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Northcoast Research assumed coverage on shares of General Electric in a research report on Tuesday, January 7th. They set a “neutral” rating on the stock. Finally, JPMorgan Chase & Co. boosted their target price on shares of General Electric from $190.00 to $210.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. Three equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, General Electric presently has a consensus rating of “Moderate Buy” and a consensus price target of $211.31.

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.