Transform Wealth LLC Acquires 6,375 Shares of General Electric (NYSE:GE)

Transform Wealth LLC grew its stake in shares of General Electric (NYSE:GE - Free Report) by 14.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 51,001 shares of the conglomerate's stock after purchasing an additional 6,375 shares during the quarter. Transform Wealth LLC's holdings in General Electric were worth $8,521,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Toth Financial Advisory Corp bought a new stake in shares of General Electric during the 3rd quarter valued at about $25,000. Valley Wealth Managers Inc. bought a new position in shares of General Electric in the 3rd quarter worth approximately $25,000. O Brien Wealth Partners LLC purchased a new position in shares of General Electric in the 3rd quarter valued at approximately $27,000. Peterson Financial Group Inc. purchased a new stake in General Electric in the third quarter worth $28,000. Finally, Sugar Maple Asset Management LLC bought a new position in General Electric in the fourth quarter worth $29,000. Institutional investors own 74.77% of the company's stock.

Insider Activity

In related news, SVP Russell Stokes sold 15,550 shares of the 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 sale, the senior vice president now directly owns 148,857 shares of the company's stock, valued at approximately $26,539,714.53. This represents a 9.46 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Riccardo Procacci sold 7,000 shares of General Electric stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 13,289 shares in the company, valued at $2,407,036.57. This represents a 34.50 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.66% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Sanford C. Bernstein boosted their target price 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. Deutsche Bank Aktiengesellschaft cut their price objective on shares of General Electric from $235.00 to $228.00 and set a "buy" rating on the stock in a report on Thursday, January 2nd. UBS Group lifted their target price on shares of General Electric from $223.00 to $230.00 and gave the company a "buy" rating in a report on Wednesday, October 23rd. Melius Research upped their price target on General Electric from $194.00 to $202.00 in a research note on Tuesday, October 22nd. Finally, Bank of America lifted their price objective on General Electric from $180.00 to $200.00 and gave the company a "buy" rating in a research note on Wednesday, October 23rd. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $201.47.

General Electric Stock Performance

GE stock traded up $5.43 on Tuesday, hitting $188.28. The company had a trading volume of 5,146,952 shares, compared to its average volume of 5,432,742. 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 12-month low of $101.16 and a 12-month high of $194.80. The stock has a market cap of $203.77 billion, a price-to-earnings ratio of 33.10, a P/E/G ratio of 1.49 and a beta of 1.19. The stock's 50-day simple moving average is $174.30 and its 200 day simple moving average is $174.30.

General Electric (NYSE:GE - Get Free Report) last released its quarterly earnings results on Tuesday, October 22nd. The conglomerate reported $1.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.13 by $0.02. The firm 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 company's revenue for the quarter was up 5.8% on a year-over-year basis. During the same period last year, the business posted $0.82 EPS. As a group, equities research analysts expect that General Electric will post 4.23 earnings per share for the current fiscal year.

General Electric Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 27th will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, December 27th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.59%. General Electric's dividend payout ratio is currently 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.