Axxcess Wealth Management LLC Boosts Position in General Electric (NYSE:GE)

Axxcess Wealth Management LLC increased its holdings in General Electric (NYSE:GE - Free Report) by 41.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 12,443 shares of the conglomerate's stock after acquiring an additional 3,671 shares during the quarter. Axxcess Wealth Management LLC's holdings in General Electric were worth $2,347,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Sigma Planning Corp increased its stake in General Electric by 7.8% during the 3rd quarter. Sigma Planning Corp now owns 17,965 shares of the conglomerate's stock valued at $3,388,000 after purchasing an additional 1,301 shares in the last quarter. Costello Asset Management INC increased its holdings in General Electric by 92.0% in the 3rd quarter. Costello Asset Management INC now owns 167 shares of the conglomerate's stock worth $31,000 after buying an additional 80 shares during the period. XML Financial LLC boosted its stake in shares of General Electric by 5.1% in the 3rd quarter. XML Financial LLC now owns 5,511 shares of the conglomerate's stock valued at $1,039,000 after buying an additional 269 shares during the period. Atria Investments Inc boosted its stake in shares of General Electric by 15.7% during the third quarter. Atria Investments Inc now owns 23,407 shares of the conglomerate's stock valued at $4,414,000 after acquiring an additional 3,179 shares during the last quarter. Finally, Essex Savings Bank raised its holdings in shares of General Electric by 59.7% during the 3rd quarter. Essex Savings Bank now owns 3,240 shares of the conglomerate's stock valued at $611,000 after buying an additional 1,211 shares during the period. 74.77% of the stock is owned by institutional investors.

Insider Buying and Selling at General Electric

In related news, SVP Riccardo Procacci sold 7,000 shares of the firm's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $181.13, for a total transaction of $1,267,910.00. Following the completion of the transaction, the senior vice president now directly owns 13,289 shares in the company, valued at $2,407,036.57. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.66% of the company's stock.

General Electric Stock Performance

Shares of NYSE GE traded down $1.92 during midday trading on Tuesday, reaching $182.64. 3,157,953 shares of the company were exchanged, compared to its average volume of 6,263,566. 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 1 year low of $91.77 and a 1 year high of $194.80. The stock has a market cap of $197.67 billion, a P/E ratio of 31.88, a PEG ratio of 1.82 and a beta of 1.19. The stock has a fifty day simple moving average of $180.98 and a 200 day simple moving average of $170.19.

General Electric (NYSE:GE - Get Free Report) last issued 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. The business had revenue of $9.84 billion during the quarter, compared to analyst estimates of $9.02 billion. General Electric had a net margin of 11.48% and a return on equity of 18.93%. The company's revenue for the quarter was up 5.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.82 EPS. On average, research 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 disclosed a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Thursday, September 26th were given a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 0.61%. The ex-dividend date of this dividend was Thursday, September 26th. General Electric's payout ratio is presently 19.68%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Sanford C. Bernstein lifted their price target on shares of General Electric from $201.00 to $225.00 and gave the company an "outperform" rating in a research report on Monday, October 14th. Melius Research boosted their price target on General Electric from $194.00 to $202.00 in a research note on Tuesday, October 22nd. UBS Group raised their price objective on General Electric from $223.00 to $230.00 and gave the company a "buy" rating in a research note on Wednesday, October 23rd. Bank of America increased their target price on shares of General Electric from $180.00 to $200.00 and gave the company a "buy" rating in a research report on Wednesday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of General Electric from $212.00 to $235.00 and gave the company a "buy" rating in a report on Thursday, October 3rd. Two investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $200.93.

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.