Brown Lisle Cummings Inc. Boosts Position in General Electric (NYSE:GE)

Brown Lisle Cummings Inc. increased its position in shares of General Electric (NYSE:GE) by 35.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,086 shares of the conglomerate’s stock after purchasing an additional 550 shares during the period. Brown Lisle Cummings Inc.’s holdings in General Electric were worth $348,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Toth Financial Advisory Corp acquired a new position in General Electric in the third quarter valued at approximately $25,000. Valley Wealth Managers Inc. purchased a new position in shares of General Electric during the 3rd quarter worth $25,000. O Brien Wealth Partners LLC acquired a new stake in shares of General Electric during the 3rd quarter worth about $27,000. Peterson Financial Group Inc. purchased a new stake in General Electric in the 3rd quarter valued at about $28,000. Finally, Sugar Maple Asset Management LLC acquired a new position in General Electric in the fourth quarter valued at about $29,000. 74.77% of the stock is owned by hedge funds and other institutional investors.

General Electric Stock Up 0.2 %

Shares of NYSE GE opened at $204.03 on Tuesday. The business has a 50-day moving average of $177.41 and a two-hundred day moving average of $176.54. The company has a market capitalization of $220.81 billion, a price-to-earnings ratio of 34.06, a price-to-earnings-growth ratio of 2.53 and a beta of 1.21. General Electric has a 1 year low of $108.60 and a 1 year high of $207.65. 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 (NYSE:GE) last announced its quarterly earnings results on Thursday, January 23rd. The conglomerate reported $1.32 EPS for the quarter, beating the consensus estimate 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 forecast that General Electric will post 5.39 earnings per share for the current fiscal year.

General Electric Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, January 27th. Investors of record on Friday, December 27th were given a $0.28 dividend. The ex-dividend date was Friday, December 27th. This represents a $1.12 dividend on an annualized basis and a yield of 0.55%. General Electric’s dividend payout ratio (DPR) is presently 18.70%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. UBS Group upped their price objective on shares of General Electric from $215.00 to $235.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Northcoast Research initiated coverage on General Electric in a research note on Tuesday, January 7th. They issued a “neutral” rating for the company. Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 price objective on shares of General Electric in a report on Wednesday, January 22nd. JPMorgan Chase & Co. raised their target price on General Electric from $190.00 to $210.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Finally, Bank of America boosted their price target on shares of General Electric from $200.00 to $225.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $208.73.

Insider Buying and Selling at General Electric

In other General Electric news, SVP Riccardo Procacci sold 7,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $181.13, for a total transaction of $1,267,910.00. Following the transaction, the senior vice president now directly owns 13,289 shares of the company’s stock, valued at approximately $2,407,036.57. This trade represents a 34.50 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Russell Stokes sold 15,550 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $178.29, for a total value of $2,772,409.50. Following the completion of the transaction, the senior vice president now owns 148,857 shares in the company, valued at $26,539,714.53. This trade represents a 9.46 % decrease in their position. The disclosure for this sale can be found here. 0.66% of the stock is currently owned by insiders.

General Electric Company 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.