Pure Financial Advisors LLC Purchases 321 Shares of General Electric (NYSE:GE)

Pure Financial Advisors LLC increased its stake in shares of General Electric (NYSE:GE) by 10.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,261 shares of the conglomerate’s stock after buying an additional 321 shares during the quarter. Pure Financial Advisors LLC’s holdings in General Electric were worth $615,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of GE. Studio Investment Management LLC increased its position in shares of General Electric by 97.5% during the second quarter. Studio Investment Management LLC now owns 158 shares of the conglomerate’s stock worth $25,000 after buying an additional 78 shares during the period. Toth Financial Advisory Corp acquired a new position in General Electric during the 3rd quarter valued at about $25,000. O Brien Wealth Partners LLC bought a new position in shares of General Electric in the third quarter valued at approximately $27,000. MFA Wealth Advisors LLC purchased a new position in General Electric during the 2nd quarter worth $31,000. Finally, Financial Connections Group Inc. bought a new stake in General Electric in the 2nd quarter worth about $32,000. Institutional investors own 74.77% of the company’s stock.

General Electric Stock Performance

Shares of General Electric stock opened at $171.70 on Monday. The business has a fifty day simple moving average of $180.20 and a two-hundred day simple moving average of $169.19. The firm has a market capitalization of $185.83 billion, a P/E ratio of 30.18, a P/E/G ratio of 1.70 and a beta of 1.19. The company has a current ratio of 1.13, a quick ratio of 0.85 and a debt-to-equity ratio of 0.95. General Electric has a 12 month low of $85.89 and a 12 month high of $194.80.

General Electric (NYSE:GE) last posted its quarterly earnings data on Tuesday, October 22nd. The conglomerate reported $1.15 EPS for the quarter, topping the consensus estimate of $1.13 by $0.02. General Electric had a net margin of 11.48% and a return on equity of 18.93%. The business had revenue of $9.84 billion for the quarter, compared to analyst estimates of $9.02 billion. During the same quarter in the previous year, the firm posted $0.82 earnings per share. General Electric’s quarterly revenue was up 5.8% on a year-over-year basis. On average, equities analysts forecast that General Electric will post 4.22 earnings per share for the current fiscal year.

General Electric Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Thursday, September 26th were issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 0.65%. The ex-dividend date of this dividend was Thursday, September 26th. General Electric’s dividend payout ratio (DPR) is 19.68%.

Analyst Upgrades and Downgrades

GE has been the topic of several research reports. Wells Fargo & Company lifted their price objective on shares of General Electric from $205.00 to $210.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Barclays upped their price target on General Electric from $175.00 to $200.00 and gave the company an “overweight” rating in a research report on Tuesday, July 30th. Citigroup upped their target price on General Electric from $198.00 to $216.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. StockNews.com cut shares of General Electric from a “buy” rating to a “hold” rating in a research report on Monday, July 29th. Finally, UBS Group boosted their target price on General Electric from $223.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Two equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, General Electric presently has an average rating of “Moderate Buy” and a consensus price target of $200.93.

About General Electric

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.