Certified Advisory Corp Purchases 80 Shares of General Electric (NYSE:GE)

Certified Advisory Corp lifted its holdings in General Electric (NYSE:GE) by 1.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,652 shares of the conglomerate’s stock after purchasing an additional 80 shares during the period. Certified Advisory Corp’s holdings in General Electric were worth $1,254,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in GE. Advisors Asset Management Inc. grew its position in General Electric by 94.4% in the 1st quarter. Advisors Asset Management Inc. now owns 10,405 shares of the conglomerate’s stock worth $1,826,000 after purchasing an additional 5,054 shares during the last quarter. Mount Yale Investment Advisors LLC bought a new position in General Electric during the first quarter valued at about $299,000. Caxton Associates LP bought a new position in General Electric during the first quarter valued at about $744,000. Zurich Insurance Group Ltd FI raised its holdings in General Electric by 39.4% in the 1st quarter. Zurich Insurance Group Ltd FI now owns 698,829 shares of the conglomerate’s stock valued at $122,665,000 after acquiring an additional 197,397 shares in the last quarter. Finally, Silvercrest Asset Management Group LLC lifted its position in shares of General Electric by 0.4% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 28,358 shares of the conglomerate’s stock worth $4,978,000 after acquiring an additional 102 shares during the period. Institutional investors and hedge funds own 74.77% of the company’s stock.

General Electric Stock Performance

Shares of NYSE:GE opened at $181.15 on Friday. The business has a fifty day moving average of $183.22 and a 200-day moving average of $171.12. The firm has a market cap of $196.06 billion, a PE ratio of 31.84, a price-to-earnings-growth ratio of 1.76 and a beta of 1.19. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.85 and a current ratio of 1.13. General Electric has a twelve month low of $94.54 and a twelve month high of $194.80.

General Electric (NYSE:GE) last announced its earnings results on Tuesday, October 22nd. The conglomerate reported $1.15 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.02. General Electric had a net margin of 11.48% and a return on equity of 18.93%. The company had revenue of $9.84 billion during the quarter, compared to the consensus estimate of $9.02 billion. During the same period in the previous year, the firm posted $0.82 earnings per share. The company’s revenue was up 5.8% on a year-over-year basis. On average, equities research analysts predict that General Electric will post 4.24 EPS for the current fiscal year.

General Electric Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Thursday, September 26th were paid a $0.28 dividend. The ex-dividend date was Thursday, September 26th. This represents a $1.12 annualized dividend and a dividend yield of 0.62%. General Electric’s dividend payout ratio (DPR) is currently 19.68%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on GE shares. Melius Research lifted their price target on shares of General Electric from $194.00 to $202.00 in a research note on Tuesday, October 22nd. Wells Fargo & Company lifted their target price on shares of General Electric from $205.00 to $210.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Barclays increased their price target on shares of General Electric from $175.00 to $200.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 30th. Sanford C. Bernstein lifted their price objective on General Electric from $201.00 to $225.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Finally, UBS Group increased their target price on General Electric from $223.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Two analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $200.93.

Insider Transactions at General Electric

In other General Electric news, SVP Riccardo Procacci sold 7,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $181.13, for a total transaction of $1,267,910.00. Following the completion of the sale, the senior vice president now owns 13,289 shares in the company, valued at approximately $2,407,036.57. The trade was a 34.50 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Russell Stokes sold 15,550 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $178.29, for a total value of $2,772,409.50. Following the completion of the sale, the senior vice president now owns 148,857 shares of the company’s stock, valued at $26,539,714.53. This represents a 9.46 % decrease in their position. The disclosure for this sale can be found here. 0.66% of the stock is currently owned by corporate insiders.

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.