HBW Advisory Services LLC Has $375,000 Stake in General Electric (NYSE:GE)

HBW Advisory Services LLC grew its position in General Electric (NYSE:GE) by 8.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,246 shares of the conglomerate’s stock after acquiring an additional 183 shares during the period. HBW Advisory Services LLC’s holdings in General Electric were worth $375,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Quest Partners LLC raised its holdings in shares of General Electric by 28,412.5% in the second quarter. Quest Partners LLC now owns 2,281 shares of the conglomerate’s stock valued at $363,000 after buying an additional 2,273 shares during the last quarter. LPL Financial LLC grew its stake in shares of General Electric by 25.7% during the second quarter. LPL Financial LLC now owns 799,733 shares of the conglomerate’s stock valued at $127,134,000 after purchasing an additional 163,710 shares during the last quarter. PFG Advisors lifted its holdings in General Electric by 2.7% during the 2nd quarter. PFG Advisors now owns 7,500 shares of the conglomerate’s stock worth $1,192,000 after buying an additional 198 shares in the last quarter. Oppenheimer & Co. Inc. boosted its holdings in General Electric by 34.4% in the second quarter. Oppenheimer & Co. Inc. now owns 38,068 shares of the conglomerate’s stock valued at $6,052,000 after acquiring an additional 9,745 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its holdings in General Electric by 11.9% in the second quarter. DekaBank Deutsche Girozentrale now owns 518,960 shares of the conglomerate’s stock valued at $83,712,000 after buying an additional 55,315 shares during the period. 74.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on GE shares. Sanford C. Bernstein boosted their target price on General Electric from $201.00 to $225.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Royal Bank of Canada reduced their price target on shares of General Electric from $210.00 to $200.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. Citigroup raised their price objective on shares of General Electric from $198.00 to $216.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. UBS Group upped their target price on shares of General Electric from $223.00 to $230.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on General Electric from $235.00 to $228.00 and set a “buy” rating for the company in a report on Thursday, January 2nd. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, General Electric currently has a consensus rating of “Moderate Buy” and a consensus target price of $201.47.

Insider Activity

In other General Electric news, SVP Riccardo Procacci sold 7,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $181.13, for a total transaction of $1,267,910.00. Following the completion of the sale, the senior vice president now directly owns 13,289 shares in the company, valued at $2,407,036.57. This trade represents a 34.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Russell Stokes sold 15,550 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $178.29, for a total value of $2,772,409.50. Following the completion of the transaction, the senior vice president now directly owns 148,857 shares in the company, valued at $26,539,714.53. The trade was a 9.46 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.66% of the company’s stock.

General Electric Trading Down 0.7 %

Shares of General Electric stock opened at $171.65 on Friday. General Electric has a 12-month low of $100.95 and a 12-month high of $194.80. The company has a quick ratio of 0.85, a current ratio of 1.13 and a debt-to-equity ratio of 0.95. The business’s 50 day moving average is $174.34 and its 200-day moving average is $173.36. The stock has a market cap of $185.78 billion, a P/E ratio of 30.17, a P/E/G ratio of 1.63 and a beta of 1.19.

General Electric (NYSE:GE) last announced its quarterly earnings results on Tuesday, October 22nd. The conglomerate reported $1.15 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.02. The firm had revenue of $9.84 billion during the quarter, compared to analysts’ expectations of $9.02 billion. General Electric had a net margin of 11.48% and a return on equity of 18.93%. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.82 earnings per share. Equities research analysts predict that General Electric will post 4.24 earnings per share for the current fiscal year.

General Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 27th will be paid a $0.28 dividend. The ex-dividend date is Friday, December 27th. This represents a $1.12 annualized dividend and a yield of 0.65%. General Electric’s dividend payout ratio is 19.68%.

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.