6,255 Shares in General Electric (NYSE:GE) Acquired by Napa Wealth Management

Napa Wealth Management bought a new stake in General Electric (NYSE:GE - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 6,255 shares of the conglomerate's stock, valued at approximately $1,180,000.

A number of other large investors have also recently made changes to their positions in GE. Tsfg LLC boosted its stake in shares of General Electric by 12.8% during the third quarter. Tsfg LLC now owns 485 shares of the conglomerate's stock valued at $92,000 after purchasing an additional 55 shares during the period. Macroview Investment Management LLC grew its holdings in General Electric by 37.9% in the second quarter. Macroview Investment Management LLC now owns 211 shares of the conglomerate's stock worth $34,000 after purchasing an additional 58 shares during the last quarter. Strategic Advisors LLC increased its position in General Electric by 2.6% during the 3rd 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. raised its position in shares of General Electric by 1.0% in the 3rd quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 6,299 shares of the conglomerate's stock valued at $1,188,000 after purchasing an additional 60 shares during the last quarter. Finally, Allegheny Financial Group LTD lifted its stake in shares of General Electric by 1.4% during the second quarter. Allegheny Financial Group LTD now owns 4,489 shares of the conglomerate's stock worth $714,000 after buying an additional 61 shares during the period. 74.77% of the stock is currently owned by institutional investors.

Insider Transactions at General Electric

In other General Electric news, SVP Riccardo Procacci sold 7,000 shares of the business'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 $2,407,036.57. The trade was a 34.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.66% of the company's stock.

General Electric Trading Up 0.3 %

Shares of NYSE GE traded up $0.59 during trading on Monday, hitting $177.52. 2,830,851 shares of the company traded hands, compared to its average volume of 6,228,366. The firm has a market capitalization of $192.13 billion, a P/E ratio of 31.07, a P/E/G ratio of 1.75 and a beta of 1.19. The company has a quick ratio of 0.85, a current ratio of 1.13 and a debt-to-equity ratio of 0.95. The company has a 50-day moving average price of $182.29 and a 200-day moving average price of $170.71. General Electric has a 1 year low of $94.54 and a 1 year high of $194.80.

General Electric (NYSE:GE - Get Free Report) last issued its earnings results on Tuesday, October 22nd. The conglomerate reported $1.15 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.02. General Electric had a return on equity of 18.93% and a net margin of 11.48%. The company had revenue of $9.84 billion during the quarter, compared to the consensus estimate of $9.02 billion. During the same quarter in the prior year, the business earned $0.82 earnings per share. The company's revenue was up 5.8% compared to the same quarter last year. On average, equities analysts predict that General Electric will post 4.22 EPS for the current year.

General Electric Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Thursday, September 26th were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date was Thursday, September 26th. General Electric's dividend payout ratio is currently 19.68%.

Analyst Ratings Changes

A number of brokerages recently commented on GE. Deutsche Bank Aktiengesellschaft upped their target price on General Electric from $212.00 to $235.00 and gave the company a "buy" rating in a research report on Thursday, October 3rd. Barclays upped their price objective on shares of General Electric from $175.00 to $200.00 and gave the company an "overweight" rating in a research note on Tuesday, July 30th. StockNews.com lowered shares of General Electric from a "buy" rating to a "hold" rating in a report on Monday, July 29th. Bank of America lifted their target price on General Electric from $180.00 to $200.00 and gave the company a "buy" rating in a report on Wednesday, October 23rd. Finally, Melius Research boosted their target price on shares of General Electric from $194.00 to $202.00 in a research note on Tuesday, October 22nd. Two investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price 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.