General Electric (NYSE:GE) Position Lifted by Sebold Capital Management Inc.

Sebold Capital Management Inc. raised its stake in General Electric (NYSE:GE) by 7.1% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 1,681 shares of the conglomerate’s stock after purchasing an additional 111 shares during the period. Sebold Capital Management Inc.’s holdings in General Electric were worth $317,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of GE. Pictet North America Advisors SA raised its position in shares of General Electric by 18.0% during the 3rd quarter. Pictet North America Advisors SA now owns 33,674 shares of the conglomerate’s stock valued at $6,350,000 after acquiring an additional 5,126 shares in the last quarter. Symphony Financial Ltd. Co. raised its holdings in shares of General Electric by 34.2% during the third quarter. Symphony Financial Ltd. Co. now owns 2,015 shares of the conglomerate’s stock worth $374,000 after purchasing an additional 513 shares during the period. Waldron Private Wealth LLC lifted its position in shares of General Electric by 2.4% in the 3rd quarter. Waldron Private Wealth LLC now owns 7,043 shares of the conglomerate’s stock worth $1,328,000 after buying an additional 167 shares during the last quarter. Leo Wealth LLC grew its position in shares of General Electric by 7.1% during the 3rd quarter. Leo Wealth LLC now owns 4,362 shares of the conglomerate’s stock valued at $823,000 after buying an additional 288 shares during the last quarter. Finally, Eastern Bank acquired a new stake in General Electric during the third quarter worth about $1,910,000. Institutional investors and hedge funds own 74.77% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on GE shares. Barclays increased their price target on General Electric from $175.00 to $200.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 30th. Citigroup raised their target price on General Electric from $198.00 to $216.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. UBS Group upped their price target on shares of General Electric from $201.00 to $209.00 and gave the stock a “buy” rating in a research report on Monday, July 1st. Jefferies Financial Group lifted their price objective on shares of General Electric from $185.00 to $190.00 and gave the company a “buy” rating in a research report on Friday, June 28th. Finally, Melius Research upped their target price on shares of General Electric from $194.00 to $202.00 in a research report on Tuesday. Two investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $198.53.

General Electric Trading Down 9.1 %

Shares of GE stock opened at $176.59 on Wednesday. The stock has a 50-day simple moving average of $179.24 and a 200 day simple moving average of $168.05. The stock has a market capitalization of $193.30 billion, a P/E ratio of 57.90, a P/E/G ratio of 1.86 and a beta of 1.18. General Electric has a fifty-two week low of $84.58 and a fifty-two week high of $194.80. The company has a quick ratio of 0.85, a current ratio of 1.14 and a debt-to-equity ratio of 0.95.

General Electric (NYSE:GE) last posted its quarterly earnings data on Tuesday, July 23rd. The conglomerate reported $1.20 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.21. General Electric had a net margin of 7.66% and a return on equity of 16.07%. The company had revenue of $9.09 billion during the quarter, compared to analyst estimates of $8.44 billion. During the same quarter last year, the firm posted $0.68 EPS. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. On average, sell-side analysts expect that General Electric will post 4.2 earnings per share for the current fiscal year.

General Electric Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Thursday, September 26th will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date of this dividend is Thursday, September 26th. General Electric’s payout ratio is 36.72%.

General Electric 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.