Physician Wealth Advisors Inc. Invests $144,000 in General Electric (NYSE:GE)

Physician Wealth Advisors Inc. purchased a new stake in General Electric (NYSE:GE) in the fourth quarter, HoldingsChannel reports. The firm purchased 864 shares of the conglomerate’s stock, valued at approximately $144,000.

Other hedge funds have also modified their holdings of the company. New Age Alpha Advisors LLC lifted its holdings in General Electric by 133.3% during the fourth quarter. New Age Alpha Advisors LLC now owns 147 shares of the conglomerate’s stock worth $25,000 after acquiring an additional 84 shares in the last quarter. Hager Investment Management Services LLC bought a new position in shares of General Electric during the 4th quarter valued at about $27,000. Sugar Maple Asset Management LLC acquired a new position in shares of General Electric in the 4th quarter valued at approximately $29,000. CBIZ Investment Advisory Services LLC bought a new stake in General Electric during the 4th quarter worth approximately $29,000. Finally, Picton Mahoney Asset Management raised its holdings in General Electric by 62.4% during the 4th quarter. Picton Mahoney Asset Management now owns 177 shares of the conglomerate’s stock worth $30,000 after buying an additional 68 shares during the period. 74.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

GE has been the subject of several research reports. Royal Bank of Canada reissued an “outperform” rating and set a $200.00 price objective on shares of General Electric in a research report on Wednesday, January 22nd. Bank of America lifted their price target on General Electric from $200.00 to $225.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Wells Fargo & Company upped their price objective on General Electric from $225.00 to $250.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. Citigroup lifted their target price on General Electric from $216.00 to $235.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Finally, UBS Group upped their price target on General Electric from $215.00 to $235.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Two analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, General Electric has a consensus rating of “Moderate Buy” and a consensus price target of $211.31.

General Electric Price Performance

NYSE:GE opened at $199.66 on Monday. General Electric has a 12-month low of $133.99 and a 12-month high of $214.21. The firm has a market capitalization of $214.29 billion, a price-to-earnings ratio of 33.33, a P/E/G ratio of 2.59 and a beta of 1.19. The stock’s 50 day moving average price is $201.52 and its two-hundred day moving average price is $186.64. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.88.

General Electric (NYSE:GE) last posted its quarterly earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share for the quarter, beating 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%. On average, analysts anticipate that General Electric will post 5.4 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. Shareholders of record on Monday, March 10th will be issued a $0.36 dividend. This is a boost from General Electric’s previous quarterly dividend of $0.28. This represents a $1.44 annualized dividend and a yield of 0.72%. The ex-dividend date is Monday, March 10th. General Electric’s dividend payout ratio is currently 24.04%.

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.