1,738 Shares in General Electric (NYSE:GE) Acquired by CJM Wealth Advisers Ltd.

CJM Wealth Advisers Ltd. bought a new stake in shares of General Electric (NYSE:GEFree Report) in the 4th quarter, HoldingsChannel reports. The firm bought 1,738 shares of the conglomerate’s stock, valued at approximately $222,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. CGC Financial Services LLC increased its position in shares of General Electric by 90.2% during 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 during the last quarter. Global Wealth Management Investment Advisory Inc. raised its stake in shares of General Electric by 808.1% during the first quarter. Global Wealth Management Investment Advisory Inc. now owns 336 shares of the conglomerate’s stock worth $31,000 after acquiring an additional 299 shares in the last quarter. Financial Freedom LLC bought a new stake in shares of General Electric in the 4th quarter worth approximately $32,000. Macroview Investment Management LLC boosted its stake in shares of General Electric by 43.4% in the 3rd quarter. Macroview Investment Management LLC now owns 317 shares of the conglomerate’s stock valued at $35,000 after purchasing an additional 96 shares in the last quarter. Finally, DHJJ Financial Advisors Ltd. bought a new position in shares of General Electric during the 3rd quarter valued at $37,000. Hedge funds and other institutional investors own 74.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on GE. Oppenheimer reissued a “market perform” rating on shares of General Electric in a research note on Tuesday, March 5th. StockNews.com started coverage on General Electric in a report on Thursday. They set a “hold” rating for the company. Barclays lifted their price target on General Electric from $153.00 to $181.00 and gave the stock an “overweight” rating in a research note on Thursday, February 29th. TheStreet raised shares of General Electric from a “c+” rating to a “b+” rating in a research note on Tuesday, January 23rd. Finally, Jefferies Financial Group upped their target price on General Electric from $180.00 to $195.00 in a report on Monday, March 11th. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $150.54.

Get Our Latest Analysis on General Electric

General Electric Trading Down 2.5 %

Shares of NYSE GE opened at $175.53 on Friday. General Electric has a 1 year low of $93.47 and a 1 year high of $180.36. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.18 and a quick ratio of 0.85. The firm has a 50-day moving average of $153.43 and a 200 day moving average of $130.12. The stock has a market cap of $191.90 billion, a P/E ratio of 20.97, a price-to-earnings-growth ratio of 2.35 and a beta of 1.28.

General Electric (NYSE:GEGet Free Report) last released its earnings results on Tuesday, January 23rd. The conglomerate reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.13. The firm had revenue of $19.42 billion during the quarter, compared to analyst estimates of $17.27 billion. General Electric had a net margin of 13.95% and a return on equity of 10.88%. The business’s revenue was up 15.4% on a year-over-year basis. During the same period last year, the business earned $1.24 earnings per share. As a group, sell-side analysts expect that General Electric will post 4.57 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Michael J. Holston sold 22,055 shares of the firm’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $144.87, for a total transaction of $3,195,107.85. Following the completion of the transaction, the senior vice president now directly owns 56,284 shares in the company, valued at $8,153,863.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, SVP Michael J. Holston sold 22,055 shares of the stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $144.87, for a total transaction of $3,195,107.85. Following the sale, the senior vice president now owns 56,284 shares in the company, valued at $8,153,863.08. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Michael J. Holston sold 13,601 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $135.55, for a total transaction of $1,843,615.55. Following the sale, the senior vice president now directly owns 48,339 shares of the company’s stock, valued at approximately $6,552,351.45. The disclosure for this sale can be found here. Corporate insiders own 0.66% of the company’s stock.

General Electric Company Profile

(Free Report)

General Electric Company operates as a high-tech industrial company in Europe, China, Asia, the Americas, the Middle East, and Africa. It offers gas and steam turbines, full balance of plant, upgrade, and service solutions, as well as data-leveraging software for power generation, industrial, government, and other customers.

See Also

Want to see what other hedge funds are holding GE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for General Electric (NYSE:GEFree Report).

Institutional Ownership by Quarter for General Electric (NYSE:GE)

Receive News & Ratings for General Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Electric and related companies with MarketBeat.com's FREE daily email newsletter.