Skopos Labs Inc. Makes New Investment in General Electric (NYSE:GE)

Skopos Labs Inc. acquired a new position in shares of General Electric (NYSE:GE - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 6,148 shares of the conglomerate's stock, valued at approximately $785,000.

A number of other large investors also recently bought and sold shares of the company. Halpern Financial Inc. increased its holdings in shares of General Electric by 968.4% in the 4th quarter. Halpern Financial Inc. now owns 203 shares of the conglomerate's stock valued at $25,000 after purchasing an additional 184 shares in the last quarter. Criterion Capital Advisors LLC purchased a new position in shares of General Electric in the 4th quarter valued at about $27,000. CGC Financial Services LLC increased its holdings in shares of General Electric by 90.2% in the 4th quarter. CGC Financial Services LLC now owns 232 shares of the conglomerate's stock valued at $30,000 after purchasing an additional 110 shares in the last quarter. Capital Analysts LLC increased its holdings in shares of General Electric by 55.8% in the 4th quarter. Capital Analysts LLC now owns 243 shares of the conglomerate's stock valued at $31,000 after purchasing an additional 87 shares in the last quarter. Finally, Bfsg LLC purchased a new position in shares of General Electric in the 4th quarter valued at about $32,000. Hedge funds and other institutional investors own 74.77% of the company's stock.

Insider Buying and Selling

In other General Electric news, SVP Russell Stokes sold 45,309 shares of the stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $162.82, for a total transaction of $7,377,211.38. Following the transaction, the senior vice president now owns 112,958 shares in the company, valued at $18,391,821.56. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.66% of the stock is currently owned by corporate insiders.

General Electric Stock Up 1.3 %

Shares of GE traded up $2.07 during trading hours on Friday, reaching $167.33. The company's stock had a trading volume of 5,481,061 shares, compared to its average volume of 7,598,262. The firm has a market cap of $183.16 billion, a price-to-earnings ratio of 55.06, a P/E/G ratio of 1.78 and a beta of 1.25. General Electric has a 1-year low of $79.76 and a 1-year high of $170.80. The company has a quick ratio of 0.82, a current ratio of 1.17 and a debt-to-equity ratio of 0.63. The company has a 50 day moving average of $162.39 and a two-hundred day moving average of $143.21.

General Electric (NYSE:GE - Get Free Report) last issued its earnings results on Tuesday, April 23rd. The conglomerate reported $0.82 earnings per share for the quarter, beating analysts' consensus estimates 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 return on equity of 12.54% and a net margin of 5.05%. The firm's quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.27 EPS. As a group, research analysts predict that General Electric will post 3.98 EPS for the current fiscal year.

General Electric Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 25th. Investors of record on Monday, April 15th were issued a $0.28 dividend. The ex-dividend date of this dividend was Friday, April 12th. This represents a $1.12 dividend on an annualized basis and a yield of 0.67%. This is an increase from General Electric's previous quarterly dividend of $0.08. General Electric's dividend payout ratio is currently 36.72%.

Analysts Set New Price Targets

GE has been the topic of a number of research reports. StockNews.com initiated coverage on shares of General Electric in a research note on Monday, April 29th. They issued a "hold" rating on the stock. The Goldman Sachs Group increased their price objective on shares of General Electric from $190.00 to $211.00 and gave the company a "buy" rating in a research note on Wednesday, April 24th. Argus raised their price target on shares of General Electric from $170.00 to $180.00 and gave the stock a "buy" rating in a research note on Wednesday, April 24th. Wells Fargo & Company raised their price target on shares of General Electric from $165.00 to $192.00 and gave the stock an "overweight" rating in a research note on Monday, April 29th. Finally, TD Cowen raised shares of General Electric from a "hold" rating to a "buy" rating and raised their price target for the stock from $175.00 to $180.00 in a research note on Tuesday, April 9th. Two analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $176.00.

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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