Fishman Jay A Ltd. MI grew its stake in General Electric (NYSE:GE – Free Report) by 416.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,140 shares of the conglomerate’s stock after acquiring an additional 13,820 shares during the quarter. Fishman Jay A Ltd. MI’s holdings in General Electric were worth $2,859,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in the stock. Cardinal Strategic Wealth Guidance bought a new position in shares of General Electric during the 4th quarter worth approximately $288,000. New Republic Capital LLC grew its holdings in General Electric by 7.0% in the fourth quarter. New Republic Capital LLC now owns 1,876 shares of the conglomerate’s stock worth $313,000 after purchasing an additional 123 shares during the last quarter. Atlantic Edge Private Wealth Management LLC increased its position in shares of General Electric by 38.7% during the fourth quarter. Atlantic Edge Private Wealth Management LLC now owns 226 shares of the conglomerate’s stock worth $38,000 after purchasing an additional 63 shares in the last quarter. Wealthcare Capital Partners LLC purchased a new stake in shares of General Electric during the 4th quarter valued at $285,000. Finally, Sovran Advisors LLC acquired a new stake in shares of General Electric in the 4th quarter worth $931,000. 74.77% of the stock is owned by institutional investors.
Insider Buying and Selling
In other General Electric news, SVP Russell Stokes sold 15,550 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $178.29, for a total transaction of $2,772,409.50. Following the transaction, the senior vice president now owns 148,857 shares in the company, valued at approximately $26,539,714.53. This represents a 9.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.66% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
View Our Latest Research Report on General Electric
General Electric Price Performance
Shares of GE opened at $209.03 on Wednesday. The business’s 50-day moving average is $180.18 and its two-hundred day moving average is $178.28. The company has a market capitalization of $224.35 billion, a P/E ratio of 34.90, a P/E/G ratio of 2.56 and a beta of 1.21. General Electric has a fifty-two week low of $110.95 and a fifty-two week high of $209.15. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 1.09.
General Electric (NYSE:GE – Get Free Report) last posted its 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 return on equity of 22.19% and a net margin of 14.31%. Research analysts predict that General Electric will post 5.39 earnings per share for the current year.
General Electric Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, January 27th. Investors of record on Friday, December 27th were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 0.54%. The ex-dividend date was Friday, December 27th. General Electric’s dividend payout ratio is currently 18.70%.
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.
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