Burford Brothers Inc. Boosts Stock Position in General Electric (NYSE:GE)

Burford Brothers Inc. lifted its position in shares of General Electric (NYSE:GE) by 0.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 11,132 shares of the conglomerate’s stock after purchasing an additional 94 shares during the quarter. General Electric accounts for about 0.9% of Burford Brothers Inc.’s holdings, making the stock its 23rd largest holding. Burford Brothers Inc.’s holdings in General Electric were worth $1,857,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of GE. Level Wealth Management LLC purchased a new stake in General Electric during the fourth quarter valued at about $217,000. Sutton Place Investors LLC lifted its stake in shares of General Electric by 76.8% in the 4th quarter. Sutton Place Investors LLC now owns 2,456 shares of the conglomerate’s stock valued at $410,000 after acquiring an additional 1,067 shares during the last quarter. U.S. Capital Wealth Advisors LLC boosted its holdings in General Electric by 392.6% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 54,064 shares of the conglomerate’s stock valued at $9,017,000 after acquiring an additional 43,089 shares during the period. Golden State Equity Partners grew its position in General Electric by 255.2% during the 4th quarter. Golden State Equity Partners now owns 1,236 shares of the conglomerate’s stock worth $206,000 after acquiring an additional 888 shares during the last quarter. Finally, Avantra Family Wealth Inc. purchased a new position in General Electric in the 4th quarter worth approximately $562,000. Institutional investors own 74.77% of the company’s stock.

Insider Buying and Selling at General Electric

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

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Bank of America increased their price objective on General Electric from $200.00 to $225.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Northcoast Research assumed coverage on shares of General Electric in a report on Tuesday, January 7th. They issued a “neutral” rating on the stock. Sanford C. Bernstein upped their price objective on shares of General Electric from $201.00 to $225.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. JPMorgan Chase & Co. raised their target price on General Electric from $190.00 to $210.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. Finally, Wells Fargo & Company boosted their price target on General Electric from $225.00 to $250.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, General Electric currently has a consensus rating of “Moderate Buy” and an average target price of $208.73.

General Electric Stock Performance

Shares of GE stock opened at $203.59 on Monday. The company’s fifty day moving average price is $177.41 and its 200-day moving average price is $176.40. The stock has a market cap of $220.35 billion, a PE ratio of 33.99, a price-to-earnings-growth ratio of 2.53 and a beta of 1.21. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88. General Electric has a 12 month low of $105.70 and a 12 month high of $207.65.

General Electric (NYSE:GE) last posted its quarterly earnings data 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 net margin of 14.31% and a return on equity of 22.19%. On average, equities analysts expect that General Electric will post 5.39 EPS for the current fiscal year.

General Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 27th. Investors of record on Friday, December 27th were given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend was Friday, December 27th. General Electric’s dividend payout ratio (DPR) is presently 18.70%.

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.