Callan Family Office LLC Has $2.85 Million Stock Holdings in General Electric (NYSE:GE)

Callan Family Office LLC lifted its holdings in shares of General Electric (NYSE:GE) by 1,430.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 17,063 shares of the conglomerate’s stock after acquiring an additional 15,948 shares during the period. Callan Family Office LLC’s holdings in General Electric were worth $2,846,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Valley Wealth Managers Inc. acquired a new stake 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 during the 3rd quarter worth approximately $28,000. RPg Family Wealth Advisory LLC acquired a new position in shares of General Electric in the third quarter valued at $30,000. Hager Investment Management Services LLC acquired a new stake in shares of General Electric during the 4th quarter worth about $27,000. Finally, Costello Asset Management INC grew its stake in General Electric by 92.0% in the 3rd quarter. Costello Asset Management INC now owns 167 shares of the conglomerate’s stock valued at $31,000 after buying an additional 80 shares during the last quarter. Institutional investors own 74.77% of the company’s stock.

General Electric Stock Performance

GE opened at $196.06 on Friday. General Electric has a 1-year low of $129.26 and a 1-year 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 has a market cap of $210.43 billion, a P/E ratio of 32.73, a PEG ratio of 2.59 and a beta of 1.19. The company has a 50 day simple moving average of $192.54 and a two-hundred day simple moving average of $182.86.

General Electric (NYSE:GE) last released its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.27. General Electric had a return on equity of 22.19% and a net margin of 14.31%. Equities analysts forecast that General Electric will post 5.4 earnings per share for the current fiscal year.

General Electric Increases Dividend

The business 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 dividend of $0.36 per share. This is a positive change from General Electric’s previous quarterly dividend of $0.28. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.73%. General Electric’s payout ratio is currently 24.04%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on GE shares. JPMorgan Chase & Co. lifted their target price on General Electric from $190.00 to $210.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. Citigroup increased their target price on shares of General Electric from $216.00 to $235.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Royal Bank of Canada reiterated an “outperform” rating and set a $200.00 target price on shares of General Electric in a research report on Wednesday, January 22nd. Northcoast Research initiated coverage on shares of General Electric in a research report on Tuesday, January 7th. They set a “neutral” rating on the stock. Finally, Wells Fargo & Company boosted their target price on General Electric from $225.00 to $250.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. Two analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $211.31.

About General Electric

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.