OneDigital Investment Advisors LLC Buys 20,995 Shares of General Electric (NYSE:GE)

OneDigital Investment Advisors LLC grew its holdings in shares of General Electric (NYSE:GE - Free Report) by 66.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 52,780 shares of the conglomerate's stock after purchasing an additional 20,995 shares during the quarter. OneDigital Investment Advisors LLC's holdings in General Electric were worth $9,953,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the stock. Toth Financial Advisory Corp purchased a new stake in shares of General Electric in the 3rd quarter worth about $25,000. O Brien Wealth Partners LLC purchased a new stake in General Electric during the 3rd quarter valued at $27,000. Studio Investment Management LLC increased its holdings in General Electric by 97.5% in the 2nd quarter. Studio Investment Management LLC now owns 158 shares of the conglomerate's stock worth $25,000 after buying an additional 78 shares in the last quarter. Costello Asset Management INC raised its holdings in shares of General Electric by 92.0% during the third quarter. Costello Asset Management INC now owns 167 shares of the conglomerate's stock valued at $31,000 after purchasing an additional 80 shares during the last quarter. Finally, MFA Wealth Advisors LLC bought a new position in shares of General Electric during the 2nd quarter valued at $31,000. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on GE. 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 report on Monday, October 14th. UBS Group boosted their target price on shares of General Electric from $223.00 to $230.00 and gave the stock a "buy" rating in a research report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft lifted their price objective on General Electric from $212.00 to $235.00 and gave the company a "buy" rating in a research note on Thursday, October 3rd. StockNews.com lowered shares of General Electric from a "buy" rating to a "hold" rating in a research note on Monday, July 29th. Finally, Royal Bank of Canada decreased their price target on shares of General Electric from $210.00 to $200.00 and set an "outperform" rating on the stock in a research note on Wednesday, October 23rd. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $200.93.

Insider Buying and Selling

In other General Electric news, SVP Riccardo Procacci sold 7,000 shares of the company's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $181.13, for a total value of $1,267,910.00. Following the completion of the transaction, the senior vice president now owns 13,289 shares of the company's stock, valued at $2,407,036.57. This represents a 34.50 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.66% of the stock is currently owned by corporate insiders.

General Electric Stock Down 0.8 %

GE stock traded down $1.51 during midday trading on Friday, hitting $176.89. 5,295,442 shares of the company's stock were exchanged, compared to its average volume of 6,243,640. The stock has a market capitalization of $191.45 billion, a price-to-earnings ratio of 31.09, a price-to-earnings-growth ratio of 1.81 and a beta of 1.19. The company has a current ratio of 1.13, a quick ratio of 0.85 and a debt-to-equity ratio of 0.95. The firm has a 50 day moving average price of $181.98 and a 200-day moving average price of $170.48. General Electric has a 12-month low of $93.05 and a 12-month high of $194.80.

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

General Electric Dividend Announcement

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

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.