3,267 Shares in General Electric (NYSE:GE) Purchased by TrueWealth Advisors LLC

TrueWealth Advisors LLC purchased a new position in General Electric (NYSE:GE - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 3,267 shares of the conglomerate's stock, valued at approximately $545,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Toth Financial Advisory Corp acquired a new stake in shares of General Electric during the third quarter worth $25,000. Valley Wealth Managers Inc. acquired a new stake in General Electric during the 3rd quarter worth about $25,000. O Brien Wealth Partners LLC purchased a new stake in General Electric during the third quarter valued at about $27,000. Peterson Financial Group Inc. acquired a new position in shares of General Electric in the third quarter worth about $28,000. Finally, RPg Family Wealth Advisory LLC purchased a new position in shares of General Electric in the third quarter worth approximately $30,000. 74.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Citigroup upped their price target on shares of General Electric from $198.00 to $216.00 and gave the company a "buy" rating in a research report on Thursday, October 10th. Wells Fargo & Company increased their target price on General Electric from $210.00 to $225.00 and gave the company an "overweight" rating in a report on Wednesday, December 11th. Royal Bank of Canada lowered their price target on General Electric from $210.00 to $200.00 and set an "outperform" rating on the stock in a report on Wednesday, October 23rd. Sanford C. Bernstein increased their price objective on General Electric from $201.00 to $225.00 and gave the stock an "outperform" rating in a research note on Monday, October 14th. Finally, Melius Research raised their price objective on General Electric from $194.00 to $202.00 in a research report on Tuesday, October 22nd. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, General Electric presently has an average rating of "Moderate Buy" and a consensus target price of $201.47.

General Electric Stock Up 1.7 %

Shares of GE traded up $3.09 during mid-day trading on Friday, hitting $182.83. 5,887,078 shares of the company's stock were exchanged, compared to its average volume of 4,238,171. The company has a quick ratio of 0.85, a current ratio of 1.13 and a debt-to-equity ratio of 0.95. General Electric has a twelve month low of $101.16 and a twelve month high of $194.80. The firm has a fifty day moving average of $174.33 and a two-hundred day moving average of $174.00. The stock has a market cap of $197.87 billion, a price-to-earnings ratio of 32.13, a P/E/G ratio of 1.40 and a beta of 1.19.

General Electric (NYSE:GE - Get Free Report) last posted its earnings results on Tuesday, October 22nd. The conglomerate reported $1.15 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.02. The company had revenue of $9.84 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the company earned $0.82 earnings per share. On average, sell-side analysts forecast that General Electric will post 4.23 earnings per share for the current year.

General Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Friday, December 27th will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date is Friday, December 27th. General Electric's payout ratio is 19.68%.

Insider Transactions at General Electric

In related news, SVP Riccardo Procacci sold 7,000 shares of General Electric stock in a transaction dated 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 sale, the senior vice president now directly owns 13,289 shares of the company's stock, valued at $2,407,036.57. This trade represents a 34.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Russell Stokes sold 15,550 shares of the business's stock in a transaction dated 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 transaction, the senior vice president now owns 148,857 shares in the company, valued at $26,539,714.53. This represents a 9.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.66% of the stock is currently owned by corporate insiders.

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.