Vanguard Personalized Indexing Management LLC Buys 11,536 Shares of General Electric (NYSE:GE)

Vanguard Personalized Indexing Management LLC increased its stake in General Electric (NYSE:GE) by 15.3% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 87,014 shares of the conglomerate’s stock after acquiring an additional 11,536 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in General Electric were worth $13,175,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of GE. Studio Investment Management LLC grew its holdings in 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 acquiring an additional 78 shares during the period. MFA Wealth Advisors LLC acquired a new stake in General Electric during the 2nd quarter worth $31,000. Richardson Financial Services Inc. acquired a new stake in General Electric during the 1st quarter worth $34,000. Financial Connections Group Inc. acquired a new stake in General Electric during the 2nd quarter worth $32,000. Finally, ANTIPODES PARTNERS Ltd acquired a new stake in General Electric during the 1st quarter worth $37,000. Institutional investors own 74.77% of the company’s stock.

Analyst Ratings Changes

GE has been the subject of a number of analyst reports. Royal Bank of Canada lifted their target price on shares of General Electric from $175.00 to $190.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th. 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. Barclays boosted their price target on shares of General Electric from $175.00 to $200.00 and gave the company an “overweight” rating in a report on Tuesday, July 30th. StockNews.com lowered shares of General Electric from a “buy” rating to a “hold” rating in a report on Monday, July 29th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of General Electric from $195.00 to $209.00 and gave the company a “buy” rating in a report on Monday, June 10th. Two analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, General Electric has a consensus rating of “Moderate Buy” and a consensus target price of $191.14.

General Electric Stock Down 0.6 %

Shares of GE stock opened at $180.32 on Wednesday. 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 firm’s 50-day moving average is $167.28 and its 200-day moving average is $170.87. The stock has a market cap of $197.38 billion, a price-to-earnings ratio of 59.12, a PEG ratio of 1.65 and a beta of 1.18. General Electric has a 52-week low of $84.42 and a 52-week high of $182.43.

General Electric (NYSE:GE) last issued its earnings results on Tuesday, July 23rd. The conglomerate reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.21. The company had revenue of $9.09 billion for the quarter, compared to analysts’ expectations of $8.44 billion. General Electric had a net margin of 7.66% and a return on equity of 16.07%. General Electric’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.68 EPS. Sell-side analysts predict that General Electric will post 4.2 EPS for the current year.

General Electric Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Thursday, September 26th will be issued a $0.28 dividend. The ex-dividend date of this dividend is Thursday, September 26th. This represents a $1.12 annualized dividend and a yield of 0.62%. General Electric’s dividend 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.