Little House Capital LLC Purchases 95 Shares of General Electric (NYSE:GE)

Little House Capital LLC lifted its stake in shares of General Electric (NYSE:GE) by 4.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,241 shares of the conglomerate’s stock after purchasing an additional 95 shares during the quarter. Little House Capital LLC’s holdings in General Electric were worth $423,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Studio Investment Management LLC grew its holdings in shares of General Electric by 97.5% during the second quarter. Studio Investment Management LLC now owns 158 shares of the conglomerate’s stock worth $25,000 after purchasing an additional 78 shares during the last quarter. Toth Financial Advisory Corp acquired a new position in shares of General Electric in the third quarter worth approximately $25,000. MFA Wealth Advisors LLC acquired a new position in shares of General Electric in the second quarter worth approximately $31,000. Financial Connections Group Inc. acquired a new position in General Electric in the second quarter valued at approximately $32,000. Finally, Richardson Financial Services Inc. acquired a new position in General Electric in the first quarter valued at approximately $34,000. Institutional investors own 74.77% of the company’s stock.

General Electric Trading Up 0.4 %

Shares of GE stock traded up $0.69 during trading hours on Monday, reaching $193.30. The company’s stock had a trading volume of 2,181,634 shares, compared to its average volume of 6,313,633. The firm’s fifty day simple moving average is $178.51 and its 200 day simple moving average is $167.58. General Electric has a one year low of $84.58 and a one year high of $194.80. The company has a current ratio of 1.14, a quick ratio of 0.85 and a debt-to-equity ratio of 0.95. The stock has a market capitalization of $211.59 billion, a P/E ratio of 63.31, a P/E/G ratio of 1.86 and a beta of 1.18.

General Electric (NYSE:GE) last announced its quarterly earnings data on Tuesday, July 23rd. The conglomerate reported $1.20 EPS 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 for the quarter, compared to the consensus estimate of $8.44 billion. During the same period in the previous year, the business earned $0.68 earnings per share. The business’s revenue was up 3.9% on a year-over-year basis. Equities research analysts expect that General Electric will post 4.2 EPS for the current year.

General Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Thursday, September 26th will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, September 26th. This represents a $1.12 dividend on an annualized basis and a yield of 0.58%. General Electric’s dividend payout ratio (DPR) is presently 36.72%.

Wall Street Analysts Forecast Growth

GE has been the topic of several recent analyst reports. UBS Group boosted their price target on General Electric from $201.00 to $209.00 and gave the company a “buy” rating in a research note on Monday, July 1st. StockNews.com downgraded General Electric from a “buy” rating to a “hold” rating in a report on Monday, July 29th. Jefferies Financial Group upped their price target on General Electric from $185.00 to $190.00 and gave the stock a “buy” rating in a report on Friday, June 28th. Wells Fargo & Company upped their price objective on General Electric from $192.00 to $205.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Finally, Barclays upped their price objective on General Electric from $175.00 to $200.00 and gave the company an “overweight” rating in a research note on Tuesday, July 30th. Two investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, General Electric currently has a consensus rating of “Moderate Buy” and an average price target of $196.86.

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.