Hillman Capital Management Inc. Purchases 287 Shares of General Electric (NYSE:GE)

Hillman Capital Management Inc. lifted its position in General Electric (NYSE:GE) by 4.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,744 shares of the conglomerate’s stock after purchasing an additional 287 shares during the quarter. Hillman Capital Management Inc.’s holdings in General Electric were worth $645,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. FMR LLC increased its stake in General Electric by 5.7% during the first quarter. FMR LLC now owns 63,795,835 shares of the conglomerate’s stock worth $6,098,882,000 after acquiring an additional 3,463,502 shares during the last quarter. TCI Fund Management Ltd. bought a new stake in General Electric during the first quarter worth approximately $2,496,379,000. Geode Capital Management LLC increased its stake in General Electric by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 18,952,831 shares of the conglomerate’s stock worth $1,584,662,000 after acquiring an additional 345,740 shares during the last quarter. Moneta Group Investment Advisors LLC increased its stake in General Electric by 122,242.2% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 13,438,063 shares of the conglomerate’s stock worth $878,644,000 after acquiring an additional 13,427,079 shares during the last quarter. Finally, Morgan Stanley increased its stake in General Electric by 13.8% during the fourth quarter. Morgan Stanley now owns 8,765,177 shares of the conglomerate’s stock worth $734,434,000 after acquiring an additional 1,065,856 shares during the last quarter. 74.83% of the stock is owned by institutional investors.

General Electric Trading Down 0.1 %

Shares of NYSE:GE opened at $111.72 on Friday. General Electric has a 12-month low of $48.06 and a 12-month high of $117.96. The business’s fifty day simple moving average is $112.32 and its 200-day simple moving average is $102.83. The company has a market capitalization of $121.59 billion, a PE ratio of 13.25, a P/E/G ratio of 6.89 and a beta of 1.28. The company has a current ratio of 1.25, a quick ratio of 0.90 and a debt-to-equity ratio of 0.61.

General Electric (NYSE:GE) last posted its earnings results on Tuesday, July 25th. The conglomerate reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.22. General Electric had a return on equity of 9.30% and a net margin of 13.32%. The company had revenue of $15.85 billion for the quarter, compared to analyst estimates of $14.76 billion. During the same quarter in the previous year, the firm earned $0.78 earnings per share. The firm’s quarterly revenue was up 18.6% compared to the same quarter last year. As a group, equities research analysts predict that General Electric will post 2.32 earnings per share for the current fiscal year.

General Electric Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Tuesday, September 26th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Monday, September 25th. This represents a $0.32 annualized dividend and a yield of 0.29%. General Electric’s dividend payout ratio (DPR) is presently 3.80%.

Insider Buying and Selling at General Electric

In related news, major shareholder General Electric Pension Trust bought 35,160 shares of the business’s stock in a transaction on Friday, June 30th. The shares were bought at an average price of $995.44 per share, for a total transaction of $34,999,670.40. Following the completion of the purchase, the insider now directly owns 175,160 shares of the company’s stock, valued at $174,361,270.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other General Electric news, major shareholder General Electric Pension Trust purchased 35,160 shares of the stock in a transaction on Friday, June 30th. The stock was acquired at an average price of $995.44 per share, with a total value of $34,999,670.40. Following the completion of the acquisition, the insider now owns 175,160 shares in the company, valued at $174,361,270.40. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, SVP Michael J. Holston sold 112,614 shares of the firm’s stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $115.20, for a total value of $12,973,132.80. Following the completion of the sale, the senior vice president now directly owns 57,923 shares of the company’s stock, valued at approximately $6,672,729.60. The disclosure for this sale can be found here. 0.67% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

GE has been the topic of several analyst reports. The Goldman Sachs Group boosted their price objective on General Electric from $121.00 to $133.00 and gave the stock a “buy” rating in a research note on Tuesday, July 25th. Citigroup upped their target price on General Electric from $126.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, July 27th. Wells Fargo & Company upped their target price on General Electric from $100.00 to $105.00 in a research note on Monday, July 10th. Oppenheimer cut General Electric from an “outperform” rating to a “market perform” rating in a research note on Monday, July 31st. Finally, Barclays upped their target price on General Electric from $125.00 to $131.00 and gave the company an “overweight” rating in a research note on Tuesday, July 25th. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $120.00.

General Electric Profile

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.