BKM Wealth Management LLC Acquires 72 Shares of General Electric (NYSE:GE)

BKM Wealth Management LLC grew its holdings in General Electric (NYSE:GE) by 2.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,821 shares of the conglomerate’s stock after purchasing an additional 72 shares during the quarter. BKM Wealth Management LLC’s holdings in General Electric were worth $495,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the business. Vanguard Group Inc. raised its position in shares of General Electric by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 88,444,222 shares of the conglomerate’s stock valued at $11,288,136,000 after acquiring an additional 550,996 shares during the period. Norges Bank acquired a new stake in shares of General Electric in the 4th quarter valued at approximately $1,193,159,000. Morgan Stanley raised its position in shares of General Electric by 5.1% in the 3rd quarter. Morgan Stanley now owns 8,955,511 shares of the conglomerate’s stock valued at $990,032,000 after acquiring an additional 434,736 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in shares of General Electric by 6.9% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 6,655,053 shares of the conglomerate’s stock valued at $849,385,000 after acquiring an additional 426,794 shares during the period. Finally, Brown Advisory Inc. raised its position in shares of General Electric by 62.3% in the 4th quarter. Brown Advisory Inc. now owns 4,881,752 shares of the conglomerate’s stock valued at $623,058,000 after acquiring an additional 1,873,327 shares during the period. Institutional investors own 74.77% of the company’s stock.

General Electric Price Performance

NYSE:GE opened at $158.98 on Tuesday. General Electric has a 1-year low of $84.42 and a 1-year high of $170.80. The company has a current ratio of 1.17, a quick ratio of 0.82 and a debt-to-equity ratio of 0.63. The firm has a fifty day simple moving average of $162.36 and a 200 day simple moving average of $151.59. The stock has a market capitalization of $174.02 billion, a PE ratio of 52.12, a P/E/G ratio of 1.69 and a beta of 1.22.

General Electric (NYSE:GE) last released its earnings results on Tuesday, April 23rd. The conglomerate reported $0.82 earnings per share for the quarter, beating 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 business had revenue of $16.10 billion during the quarter, compared to analysts’ expectations of $15.25 billion. During the same period last year, the business earned $0.27 earnings per share. The firm’s revenue was up 11.1% on a year-over-year basis. On average, research analysts expect that General Electric will post 4 EPS for the current fiscal year.

General Electric Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 25th. Investors of record on Thursday, July 11th will be paid a $0.28 dividend. The ex-dividend date is Thursday, July 11th. This represents a $1.12 annualized dividend and a dividend yield of 0.70%. General Electric’s dividend payout ratio is presently 36.72%.

Insider Activity at General Electric

In related news, SVP Russell Stokes sold 45,309 shares of the firm’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $162.82, for a total value of $7,377,211.38. Following the completion of the transaction, the senior vice president now directly owns 112,958 shares of the company’s stock, valued at $18,391,821.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.66% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. TD Cowen upgraded shares of General Electric from a “hold” rating to a “buy” rating and raised their target price for the stock from $175.00 to $180.00 in a report on Tuesday, April 9th. Argus raised their target price on shares of General Electric from $170.00 to $180.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Jefferies Financial Group raised their target price on shares of General Electric from $185.00 to $190.00 and gave the stock a “buy” rating in a report on Friday. Oppenheimer restated a “market perform” rating on shares of General Electric in a report on Tuesday, March 5th. Finally, StockNews.com assumed coverage on shares of General Electric in a report on Monday, April 29th. They set a “hold” rating on the stock. Two analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $181.93.

General Electric Company 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.