General Electric (NYSE:GE) Shares Bought by Souders Financial Advisors

Souders Financial Advisors boosted its holdings in shares of General Electric (NYSE:GE - Free Report) by 39.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 29,705 shares of the conglomerate's stock after acquiring an additional 8,391 shares during the quarter. Souders Financial Advisors' holdings in General Electric were worth $5,602,000 as of its most recent SEC filing.

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

Insider Activity at General Electric

In other General Electric news, SVP Riccardo Procacci sold 7,000 shares of the stock in a transaction that occurred on 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 transaction, the senior vice president now owns 13,289 shares in the company, valued at approximately $2,407,036.57. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.66% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on GE shares. Melius Research upped their price target on General Electric from $194.00 to $202.00 in a research report on Tuesday, October 22nd. Barclays upped their target price on General Electric from $175.00 to $200.00 and gave the company an "overweight" rating in a research report on Tuesday, July 30th. UBS Group raised their price target on General Electric from $223.00 to $230.00 and gave the stock a "buy" rating in a report on Wednesday, October 23rd. StockNews.com downgraded shares of General Electric from a "buy" rating to a "hold" rating in a report on Monday, July 29th. Finally, Bank of America lifted their target price on shares of General Electric from $180.00 to $200.00 and gave the stock a "buy" rating 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 stock. Based on data from MarketBeat, General Electric has an average rating of "Moderate Buy" and an average price target of $200.93.

General Electric Stock Performance

NYSE:GE traded up $1.36 during mid-day trading on Wednesday, hitting $184.00. The company's stock had a trading volume of 2,855,933 shares, compared to its average volume of 6,248,309. The business's fifty day moving average is $181.35 and its two-hundred day moving average is $170.33. The stock has a market cap of $199.14 billion, a price-to-earnings ratio of 32.55, a PEG ratio of 1.80 and a beta of 1.19. 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 has a 1 year low of $92.46 and a 1 year high of $194.80.

General Electric (NYSE:GE - Get Free Report) last posted its earnings results on Tuesday, October 22nd. The conglomerate reported $1.15 EPS 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 firm had revenue of $9.84 billion for the quarter, compared to analyst estimates of $9.02 billion. During the same period last year, the company earned $0.82 earnings per share. General Electric's revenue for the quarter was up 5.8% compared to the same quarter last year. Analysts anticipate that General Electric will post 4.22 EPS for the current fiscal year.

General Electric Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Thursday, September 26th were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date of this dividend was Thursday, September 26th. General Electric's dividend payout ratio (DPR) is presently 19.68%.

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.