Valmark Advisers Inc. Purchases 125 Shares of General Electric (NYSE:GE)

Valmark Advisers Inc. raised its stake in General Electric (NYSE:GE) by 1.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 9,454 shares of the conglomerate’s stock after buying an additional 125 shares during the quarter. Valmark Advisers Inc.’s holdings in General Electric were worth $1,577,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Toth Financial Advisory Corp bought a new position in General Electric in the third quarter valued at approximately $25,000. Valley Wealth Managers Inc. bought a new position in General Electric in the third quarter valued at approximately $25,000. O Brien Wealth Partners LLC bought a new position in General Electric in the third quarter valued at approximately $27,000. Peterson Financial Group Inc. bought a new position in General Electric in the third quarter valued at approximately $28,000. Finally, RPg Family Wealth Advisory LLC bought a new position in General Electric in the third quarter valued at approximately $30,000. Institutional investors own 74.77% of the company’s stock.

General Electric Price Performance

Shares of GE opened at $208.62 on Monday. The company has a market cap of $223.91 billion, a price-to-earnings ratio of 34.83, a PEG ratio of 2.56 and a beta of 1.22. General Electric has a 1-year low of $117.43 and a 1-year high of $211.42. The company’s fifty day simple moving average is $182.66 and its 200 day simple moving average is $179.33. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88.

General Electric (NYSE:GE) last released its quarterly earnings data 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, research analysts forecast that General Electric will post 5.39 earnings per share for the current fiscal year.

General Electric Increases Dividend

The firm also recently announced 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 represents a $1.44 dividend on an annualized basis and a dividend yield of 0.69%. This is a boost from General Electric’s previous quarterly dividend of $0.28. General Electric’s payout ratio is presently 18.70%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $200.00 price target on shares of General Electric in a research note on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft cut their price objective on shares of General Electric from $235.00 to $228.00 and set a “buy” rating on the stock in a research report on Thursday, January 2nd. JPMorgan Chase & Co. boosted their price objective on shares of General Electric from $190.00 to $210.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. Melius Research boosted their price objective on shares of General Electric from $194.00 to $202.00 in a research report on Tuesday, October 22nd. Finally, Northcoast Research started coverage on shares of General Electric in a research report on Tuesday, January 7th. They issued a “neutral” rating on the stock. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $208.73.

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.