Callan Family Office LLC Increases Stake in General Electric

Callan Family Office LLC significantly increased its investment in General Electric (NYSE:GE) by an impressive 1,430.3% during the fourth quarter, as revealed in the firm’s latest 13F filing with the Securities and Exchange Commission. The family office now owns a total of 17,063 shares of General Electric after acquiring an additional 15,948 shares during this period. This stake in General Electric is valued at approximately $2,846,000 as of the end of the last quarter.

In addition to Callan Family Office LLC, various other institutional investors and hedge funds have also adjusted their holdings in General Electric recently. State Street Corp enhanced its position by 2.1% in the third quarter and now holds 43,322,827 shares worth about $8.18 billion, following a purchase of 898,296 additional shares. Similarly, Geode Capital Management LLC increased its holdings by 0.7%, owning 22,587,961 shares with a total value of approximately $4.24 billion after acquiring 156,272 shares in the most recent quarter.

Furthermore, Jennison Associates LLC boosted its investment in General Electric by 1.4% during the fourth quarter, bringing its total to 7,878,650 shares valued at $1.31 billion after buying an additional 106,891 shares. Bank of New York Mellon Corp also grew its stake by 1.7% during the fourth quarter, now holding 6,766,421 shares worth around $1.13 billion after purchasing 115,257 shares. Charles Schwab Investment Management Inc. increased its holdings by 3.1% during the same quarter, obtaining a total of 6,732,817 shares valued at $1.12 billion after an additional purchase of 202,233 shares. Currently, institutional investors own a substantial 74.77% of General Electric's stock.

General Electric Stock Overview

The shares of General Electric opened at $196.06, and the company's fifty-day simple moving average stands at $192.54, while the two-hundred-day moving average is $182.86. General Electric commands a market capitalization of $210.43 billion, with a price-to-earnings ratio of 32.73 and a PEG ratio of 2.59. The stock’s beta is recorded at 1.19. As for liquidity metrics, the company has a quick ratio of 0.81, a current ratio of 1.09, and a debt-to-equity ratio of 0.88. Over the past year, General Electric’s stock has fluctuated significantly, reaching a low of $129.26 and a high of $212.19.

General Electric's Financial Performance and Dividends

General Electric recently reported its earnings on January 23rd, where it posted earnings per share (EPS) of $1.32, surpassing analysts' expectations of $1.05 by $0.27. The company showed strong financial health with a return on equity of 22.19% and a net margin of 14.31%. Analysts project that General Electric will achieve an EPS of $5.40 for the current fiscal year.

In terms of shareholder returns, General Electric announced a quarterly dividend of $0.36 per share, an increase from the previous dividend of $0.28. The dividend will be paid out on April 25th to stockholders registered by March 10th. This recent dividend raise results in an annualized return of approximately $1.44 and a dividend yield of 0.73%. The company's current dividend payout ratio (DPR) is 24.04%.

Analyst Ratings and Future Projections

Various research analysts have recently offered their insights on General Electric's stock. Royal Bank of Canada reaffirmed an "outperform" rating with a price target of $200.00 as of January 22nd. In a report on January 24th, UBS Group raised their price target from $215.00 to $235.00 while maintaining a "buy" rating. Redburn Atlantic initiated coverage on General Electric, establishing a "buy" rating along with a $250.00 price target on February 18th. Additionally, Citigroup increased their estimate from $216.00 to $235.00, also giving a "buy" rating. On January 24th, JPMorgan Chase & Co. elevated their price target to $210.00 while assigning the stock an "overweight" rating. Out of the findings, two analysts rated the stock as a hold, while fifteen issued a buy rating. Data indicates that General Electric currently holds a "Moderate Buy" status with an average target price of $211.31.

About General Electric

General Electric Company, known as GE Aerospace, designs and manufactures engines for commercial and defense aircraft, integrated engine components, electric power systems, and mechanical aircraft systems, alongside providing aftermarket services. The company's operations extend across numerous regions including the United States, Europe, China, Asia, the Americas, the Middle East, and Africa.

investment, stocks, dividend