Gladstone Capital Management LLP Has $74.30 Million Holdings in General Electric (NYSE:GE)

Gladstone Capital Management LLP lessened its holdings in shares of General Electric (NYSE:GE - Free Report) by 26.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 445,442 shares of the conglomerate's stock after selling 159,929 shares during the period. General Electric comprises 6.2% of Gladstone Capital Management LLP's holdings, making the stock its 8th largest holding. Gladstone Capital Management LLP's holdings in General Electric were worth $74,295,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GE. Truvestments Capital LLC raised its holdings in General Electric by 26.2% in the 4th quarter. Truvestments Capital LLC now owns 236 shares of the conglomerate's stock valued at $39,000 after acquiring an additional 49 shares in the last quarter. Ballast Advisors LLC raised its position in shares of General Electric by 2.5% in the 4th quarter. Ballast Advisors LLC now owns 2,093 shares of the conglomerate's stock valued at $349,000 after buying an additional 51 shares in the last quarter. Blue Barn Wealth LLC increased its stake in General Electric by 3.8% in the fourth quarter. Blue Barn Wealth LLC now owns 1,466 shares of the conglomerate's stock valued at $245,000 after acquiring an additional 54 shares during the last quarter. Game Plan Financial Advisors LLC raised its holdings in shares of General Electric by 10.5% during the 4th quarter. Game Plan Financial Advisors LLC now owns 578 shares of the conglomerate's stock worth $96,000 after buying an additional 55 shares in the last quarter. Finally, Red Door Wealth Management LLC raised its holdings in shares of General Electric by 4.0% during the 4th quarter. Red Door Wealth Management LLC now owns 1,444 shares of the conglomerate's stock worth $241,000 after buying an additional 56 shares in the last quarter. 74.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. JPMorgan Chase & Co. increased their target price on shares of General Electric from $190.00 to $210.00 and gave the stock an "overweight" rating in a report on Friday, January 24th. Bank of America raised their price objective on General Electric from $200.00 to $225.00 and gave the company a "buy" rating in a report on Monday, January 27th. UBS Group upped their target price on General Electric from $215.00 to $235.00 and gave the stock a "buy" rating in a report on Friday, January 24th. Wells Fargo & Company reduced their price target on General Electric from $250.00 to $203.00 and set an "overweight" rating on the stock in a report on Tuesday. Finally, Redburn Atlantic initiated coverage on shares of General Electric in a report on Tuesday, February 18th. They issued a "buy" rating and a $250.00 price objective for the company. One analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, General Electric has an average rating of "Moderate Buy" and a consensus price target of $211.19.

General Electric Stock Performance

Shares of GE traded up $0.74 during trading hours on Wednesday, hitting $170.11. The company's stock had a trading volume of 2,993,858 shares, compared to its average volume of 5,452,761. The company has a market cap of $182.58 billion, a price-to-earnings ratio of 28.30, a PEG ratio of 2.59 and a beta of 1.04. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81. The business has a 50 day simple moving average of $199.92 and a two-hundred day simple moving average of $186.71. General Electric has a 52-week low of $146.78 and a 52-week high of $214.21.

General Electric (NYSE:GE - Get Free Report) last posted its quarterly earnings results on Thursday, January 23rd. The conglomerate reported $1.32 EPS for the quarter, topping 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, equities analysts expect that General Electric will post 5.4 earnings per share for the current fiscal year.

General Electric Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors 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 0.85%. The ex-dividend date is Monday, March 10th. This is an increase from General Electric's previous quarterly dividend of $0.28. General Electric's dividend payout ratio (DPR) 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.