13,850 Shares in General Electric (NYSE:GE) Bought by Locust Wood Capital Advisers LLC

Locust Wood Capital Advisers LLC purchased a new stake in shares of General Electric (NYSE:GE - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 13,850 shares of the conglomerate's stock, valued at approximately $1,768,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of GE. WCM Investment Management LLC purchased a new stake in shares of General Electric in the 4th quarter worth $520,488,000. International Assets Investment Management LLC raised its stake in shares of General Electric by 11,947.8% in the fourth quarter. International Assets Investment Management LLC now owns 1,576,570 shares of the conglomerate's stock worth $201,218,000 after buying an additional 1,563,484 shares during the period. Carmignac Gestion bought a new position in shares of General Electric in the third quarter worth about $133,581,000. AQR Capital Management LLC lifted its position in shares of General Electric by 358.4% during the 3rd quarter. AQR Capital Management LLC now owns 1,456,673 shares of the conglomerate's stock valued at $161,035,000 after buying an additional 1,138,896 shares in the last quarter. Finally, Barclays PLC grew its stake in shares of General Electric by 30.5% during the 3rd quarter. Barclays PLC now owns 2,990,039 shares of the conglomerate's stock valued at $330,548,000 after acquiring an additional 699,585 shares during the period. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on GE. TD Cowen upgraded General Electric from a "hold" rating to a "buy" rating and increased their price target for the stock from $175.00 to $180.00 in a research note on Tuesday, April 9th. Wells Fargo & Company increased their target price on General Electric from $165.00 to $192.00 and gave the stock an "overweight" rating in a research report on Monday, April 29th. Bank of America boosted their price target on General Electric from $165.00 to $180.00 and gave the stock a "buy" rating in a report on Wednesday, April 24th. Citigroup lifted their price objective on shares of General Electric from $120.43 to $186.00 and gave the company a "buy" rating in a research report on Thursday, April 25th. Finally, Royal Bank of Canada upped their target price on shares of General Electric from $165.00 to $175.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 24th. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, General Electric presently has an average rating of "Moderate Buy" and a consensus price target of $172.29.

General Electric Trading Down 2.4 %

Shares of NYSE:GE traded down $4.05 during trading on Friday, hitting $163.45. The company had a trading volume of 5,710,495 shares, compared to its average volume of 7,209,568. The stock has a market cap of $178.91 billion, a price-to-earnings ratio of 53.59, a price-to-earnings-growth ratio of 2.98 and a beta of 1.25. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.17 and a quick ratio of 0.82. The company has a fifty day simple moving average of $162.97 and a two-hundred day simple moving average of $139.57. General Electric has a one year low of $78.17 and a one year high of $170.80.

General Electric (NYSE:GE - Get Free Report) last issued its quarterly earnings results on Tuesday, April 23rd. The conglomerate reported $0.82 EPS for the quarter, beating the consensus estimate of $0.65 by $0.17. The company had revenue of $16.10 billion for the quarter, compared to the consensus estimate of $15.25 billion. General Electric had a net margin of 5.05% and a return on equity of 12.54%. The firm's revenue was up 11.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.27 EPS. As a group, equities analysts forecast that General Electric will post 3.96 earnings per share for the current year.

General Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 25th. Investors of record on Monday, April 15th were paid a dividend of $0.28 per share. This is a boost from General Electric's previous quarterly dividend of $0.08. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date was Friday, April 12th. General Electric's dividend payout ratio is 36.72%.

Insider Buying and Selling at General Electric

In other General Electric news, SVP Michael J. Holston sold 22,055 shares of the firm's stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $144.87, for a total value of $3,195,107.85. Following the completion of the transaction, the senior vice president now owns 56,284 shares of the company's stock, valued at $8,153,863.08. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.66% of the company's stock.

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.