Murphy & Mullick Capital Management Corp Invests $888,000 in General Electric (NYSE:GE)

Murphy & Mullick Capital Management Corp bought a new stake in General Electric (NYSE:GE) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 5,321 shares of the conglomerate’s stock, valued at approximately $888,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Douglass Winthrop Advisors LLC lifted its stake in shares of General Electric by 50.1% in the 3rd quarter. Douglass Winthrop Advisors LLC now owns 4,989 shares of the conglomerate’s stock valued at $941,000 after purchasing an additional 1,665 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in General Electric in the third quarter valued at approximately $618,000. Independent Advisor Alliance lifted its position in General Electric by 23.2% during the third quarter. Independent Advisor Alliance now owns 22,943 shares of the conglomerate’s stock valued at $4,326,000 after buying an additional 4,320 shares in the last quarter. Truvestments Capital LLC purchased a new stake in General Electric during the third quarter worth approximately $35,000. Finally, Private Trust Co. NA increased its position in shares of General Electric by 21.4% in the third quarter. Private Trust Co. NA now owns 5,586 shares of the conglomerate’s stock worth $1,053,000 after acquiring an additional 984 shares in the last quarter. Institutional investors and hedge funds own 74.77% of the company’s stock.

Analyst Ratings Changes

GE has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft decreased their price target on shares of General Electric from $235.00 to $228.00 and set a “buy” rating for the company in a research report on Thursday, January 2nd. Wells Fargo & Company upped their target price on General Electric from $225.00 to $250.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. Redburn Atlantic began coverage on General Electric in a research report on Tuesday, February 18th. They set a “buy” rating and a $250.00 price target on the stock. JPMorgan Chase & Co. upped their price target on General Electric from $190.00 to $210.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. Finally, UBS Group lifted their price objective on shares of General Electric from $215.00 to $235.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Two equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $211.31.

General Electric Trading Up 0.9 %

NYSE GE opened at $212.18 on Wednesday. The company has a market capitalization of $227.73 billion, a price-to-earnings ratio of 35.42, a price-to-earnings-growth ratio of 2.59 and a beta of 1.19. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81. General Electric has a 12 month low of $133.99 and a 12 month high of $212.76. The company’s fifty day moving average price is $200.12 and its two-hundred day moving average price is $185.83.

General Electric (NYSE:GE) last issued its quarterly earnings results on Thursday, January 23rd. The conglomerate reported $1.32 EPS for the quarter, topping 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%. As a group, research analysts predict that General Electric will post 5.4 earnings per share for the current fiscal year.

General Electric Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, March 10th will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.68%. This is an increase from General Electric’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Monday, March 10th. General Electric’s payout ratio is 24.04%.

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.