Davidson Trust Co. Has $476,000 Stake in General Electric (NYSE:GE)

Davidson Trust Co. decreased its holdings in shares of General Electric (NYSE:GE) by 2.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,855 shares of the conglomerate’s stock after selling 65 shares during the quarter. Davidson Trust Co.’s holdings in General Electric were worth $476,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in GE. Creative Planning raised its holdings in shares of General Electric by 9.0% in the 3rd quarter. Creative Planning now owns 196,581 shares of the conglomerate’s stock worth $37,071,000 after buying an additional 16,258 shares in the last quarter. Resonant Capital Advisors LLC raised its holdings in shares of General Electric by 11.4% in the 3rd quarter. Resonant Capital Advisors LLC now owns 3,912 shares of the conglomerate’s stock worth $739,000 after buying an additional 399 shares in the last quarter. Cyndeo Wealth Partners LLC raised its holdings in shares of General Electric by 27.5% in the 3rd quarter. Cyndeo Wealth Partners LLC now owns 3,076 shares of the conglomerate’s stock worth $580,000 after buying an additional 664 shares in the last quarter. OLD National Bancorp IN raised its holdings in shares of General Electric by 19.9% in the 3rd quarter. OLD National Bancorp IN now owns 3,294 shares of the conglomerate’s stock worth $621,000 after buying an additional 547 shares in the last quarter. Finally, Vest Financial LLC raised its holdings in shares of General Electric by 196.5% in the 3rd quarter. Vest Financial LLC now owns 8,181 shares of the conglomerate’s stock worth $1,543,000 after buying an additional 5,422 shares in the last quarter. Institutional investors own 74.77% of the company’s stock.

General Electric Stock Up 0.1 %

NYSE:GE opened at $208.62 on Tuesday. General Electric has a 12-month low of $117.43 and a 12-month high of $211.42. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.88. The firm has a market capitalization of $223.91 billion, a P/E ratio of 34.83, a P/E/G ratio of 2.56 and a beta of 1.22. The stock’s fifty day simple moving average is $182.66 and its 200-day simple moving average is $179.40.

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

General Electric Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, March 10th will be given a $0.36 dividend. This is a positive change from General Electric’s previous quarterly dividend of $0.28. This represents a $1.44 annualized dividend and a dividend yield of 0.69%. General Electric’s dividend payout ratio (DPR) is currently 18.70%.

Analysts Set New Price Targets

GE has been the subject of a number of recent analyst reports. Melius Research raised their price target on General Electric from $194.00 to $202.00 in a report on Tuesday, October 22nd. UBS Group raised their price target on General Electric from $215.00 to $235.00 and gave the company a “buy” rating in a report on Friday, January 24th. JPMorgan Chase & Co. raised their price target on General Electric from $190.00 to $210.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $200.00 price target on shares of General Electric in a report on Wednesday, January 22nd. Finally, Citigroup raised their price target on General Electric from $216.00 to $235.00 and gave the company a “buy” rating in a report on Monday, January 27th. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $208.73.

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.