Perpetual Ltd Purchases 1,905 Shares of General Electric (NYSE:GE)

Perpetual Ltd increased its holdings in shares of General Electric (NYSE:GE - Free Report) by 13.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 15,785 shares of the conglomerate's stock after buying an additional 1,905 shares during the quarter. Perpetual Ltd's holdings in General Electric were worth $2,633,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Tsfg LLC raised its holdings in General Electric by 12.8% during the third quarter. Tsfg LLC now owns 485 shares of the conglomerate's stock worth $92,000 after acquiring an additional 55 shares in the last quarter. Saxon Interests Inc. raised its stake in shares of General Electric by 4.2% during the 4th quarter. Saxon Interests Inc. now owns 1,425 shares of the conglomerate's stock worth $238,000 after purchasing an additional 57 shares in the last quarter. Strategic Advisors LLC grew its stake in shares of General Electric by 2.6% in the third quarter. Strategic Advisors LLC now owns 2,267 shares of the conglomerate's stock valued at $428,000 after buying an additional 58 shares in the last quarter. Mitchell Mcleod Pugh & Williams Inc. increased its holdings in General Electric by 1.0% during the third quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 6,299 shares of the conglomerate's stock worth $1,188,000 after buying an additional 60 shares during the last quarter. Finally, Meridian Management Co. raised its position in General Electric by 1.2% during the third quarter. Meridian Management Co. now owns 5,153 shares of the conglomerate's stock worth $972,000 after acquiring an additional 61 shares in the last quarter. 74.77% of the stock is owned by institutional investors.

Insider Buying and Selling at General Electric

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

General Electric Stock Up 0.4 %

Shares of General Electric stock traded up $0.70 during trading on Wednesday, reaching $188.20. 7,441,992 shares of the company traded hands, compared to its average volume of 5,822,603. The firm has a market capitalization of $203.69 billion, a PE ratio of 33.08, a P/E/G ratio of 1.49 and a beta of 1.19. General Electric has a 1-year low of $101.16 and a 1-year high of $194.80. The company has a 50 day moving average price of $174.39 and a 200-day moving average price of $174.49. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.13 and a quick ratio of 0.85.

General Electric (NYSE:GE - Get Free Report) last posted its quarterly earnings results on Tuesday, October 22nd. The conglomerate reported $1.15 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to the consensus estimate of $9.02 billion. During the same quarter last year, the firm posted $0.82 EPS. General Electric's revenue was up 5.8% compared to the same quarter last year. As a group, equities research analysts expect that General Electric will post 4.23 earnings per share for the current fiscal year.

General Electric Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Friday, December 27th will be given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date is Friday, December 27th. General Electric's payout ratio is currently 19.68%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Royal Bank of Canada reaffirmed an "outperform" rating and set a $200.00 price objective on shares of General Electric in a research report on Wednesday. Melius Research boosted their price target on General Electric from $194.00 to $202.00 in a research note on Tuesday, October 22nd. Citigroup lifted their target price on General Electric from $198.00 to $216.00 and gave the stock a "buy" rating in a report on Thursday, October 10th. Wells Fargo & Company upped their price target on shares of General Electric from $210.00 to $225.00 and gave the company an "overweight" rating in a research note on Wednesday, December 11th. Finally, Northcoast Research started coverage on shares of General Electric in a research report on Tuesday, January 7th. They set a "neutral" rating on the stock. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $201.47.

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.