Compton Wealth Advisory Group LLC Invests $3.43 Million in General Electric (NYSE:GE)

Compton Wealth Advisory Group LLC purchased a new position in shares of General Electric (NYSE:GEFree Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 19,520 shares of the conglomerate’s stock, valued at approximately $3,426,000. General Electric comprises 0.9% of Compton Wealth Advisory Group LLC’s investment portfolio, making the stock its 23rd biggest holding.

Several other hedge funds also recently made changes to their positions in the company. CI Investments Inc. boosted its stake in shares of General Electric by 27.0% during the 3rd quarter. CI Investments Inc. now owns 8,257 shares of the conglomerate’s stock worth $913,000 after acquiring an additional 1,754 shares in the last quarter. V Square Quantitative Management LLC acquired a new stake in shares of General Electric during the 3rd quarter worth $197,000. Dark Forest Capital Management LP raised its position in shares of General Electric by 32.6% in the 3rd quarter. Dark Forest Capital Management LP now owns 5,015 shares of the conglomerate’s stock worth $554,000 after buying an additional 1,232 shares during the period. LPL Financial LLC grew its position in General Electric by 2.7% during the third quarter. LPL Financial LLC now owns 491,017 shares of the conglomerate’s stock valued at $54,282,000 after acquiring an additional 12,726 shares during the period. Finally, Ontario Teachers Pension Plan Board grew its position in General Electric by 497.1% during the third quarter. Ontario Teachers Pension Plan Board now owns 16,504 shares of the conglomerate’s stock valued at $1,824,000 after acquiring an additional 13,740 shares during the period. Institutional investors and hedge funds own 74.77% of the company’s stock.

Insider Activity

In other news, SVP Russell Stokes sold 45,309 shares of General Electric stock in a transaction 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 directly owns 112,958 shares in the company, valued at approximately $18,391,821.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.66% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on GE. JPMorgan Chase & Co. boosted their price objective on shares of General Electric from $148.00 to $175.00 and gave the stock an “overweight” rating in a research note on Monday, May 13th. StockNews.com assumed coverage on General Electric in a research report on Monday, April 29th. They issued a “hold” rating on the stock. UBS Group upped their target price on General Electric from $191.00 to $201.00 and gave the stock a “buy” rating in a research report on Thursday, May 23rd. Vertical Research began coverage on General Electric in a report on Thursday, April 4th. They set a “buy” rating and a $160.00 target price on the stock. Finally, Citigroup boosted their price target on General Electric from $120.43 to $186.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. Two research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, General Electric has a consensus rating of “Moderate Buy” and an average price target of $177.27.

Get Our Latest Research Report on General Electric

General Electric Stock Performance

NYSE:GE traded down $0.76 during midday trading on Friday, reaching $164.24. 17,196,621 shares of the company traded hands, compared to its average volume of 5,185,373. The firm has a market capitalization of $179.78 billion, a price-to-earnings ratio of 53.85, a price-to-earnings-growth ratio of 1.75 and a beta of 1.23. The company has a fifty day moving average price of $161.69 and a 200 day moving average price of $150.20. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.17 and a quick ratio of 0.82. General Electric has a twelve month low of $82.11 and a twelve month high of $170.80.

General Electric (NYSE:GEGet Free Report) last posted its earnings results on Tuesday, April 23rd. The conglomerate reported $0.82 EPS for the quarter, topping the consensus estimate of $0.65 by $0.17. General Electric had a net margin of 5.05% and a return on equity of 12.54%. The firm had revenue of $16.10 billion during the quarter, compared to analysts’ expectations of $15.25 billion. During the same quarter in the prior year, the firm earned $0.27 EPS. General Electric’s quarterly revenue was up 11.1% on a year-over-year basis. On average, analysts expect that General Electric will post 3.99 EPS for the current fiscal year.

General Electric Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 25th. Stockholders of record on Thursday, July 11th will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date of this dividend is Thursday, July 11th. General Electric’s dividend payout ratio is currently 36.72%.

About General Electric

(Free Report)

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.

Further Reading

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

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