Wealthquest Corp Purchases New Shares in General Electric (NYSE:GE)

Wealthquest Corp bought a new stake in General Electric (NYSE:GE - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 3,500 shares of the conglomerate's stock, valued at approximately $652,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Lantz Financial LLC increased its stake in shares of General Electric by 1.9% in the 2nd quarter. Lantz Financial LLC now owns 3,718 shares of the conglomerate's stock worth $591,000 after acquiring an additional 70 shares during the last quarter. ORG Partners LLC increased its position in General Electric by 554.3% during the second quarter. ORG Partners LLC now owns 1,976 shares of the conglomerate's stock worth $314,000 after purchasing an additional 1,674 shares during the last quarter. GPS Wealth Strategies Group LLC increased its position in General Electric by 78.0% during the second quarter. GPS Wealth Strategies Group LLC now owns 550 shares of the conglomerate's stock worth $87,000 after purchasing an additional 241 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its stake in General Electric by 1.0% during the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 14,146 shares of the conglomerate's stock worth $2,304,000 after purchasing an additional 142 shares during the period. Finally, Windmill Hill Asset Management Ltd boosted its holdings in General Electric by 34.6% in the 2nd quarter. Windmill Hill Asset Management Ltd now owns 35,544 shares of the conglomerate's stock valued at $5,650,000 after purchasing an additional 9,137 shares during the last quarter. Hedge funds and other institutional investors own 74.77% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently commented on GE. Deutsche Bank Aktiengesellschaft lifted their price target on shares of General Electric from $212.00 to $235.00 and gave the company a "buy" rating in a research report on Thursday, October 3rd. Wells Fargo & Company upped their price target on General Electric from $210.00 to $225.00 and gave the company an "overweight" rating in a research note on Wednesday. Bank of America raised their price objective on General Electric from $180.00 to $200.00 and gave the stock a "buy" rating in a research report on Wednesday, October 23rd. Royal Bank of Canada dropped their price target on shares of General Electric from $210.00 to $200.00 and set an "outperform" rating for the company in a research report on Wednesday, October 23rd. Finally, UBS Group upped their price objective on shares of General Electric from $223.00 to $230.00 and gave the stock a "buy" rating in a report on Wednesday, October 23rd. Two investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, General Electric has an average rating of "Moderate Buy" and a consensus price target of $201.93.

Insider Transactions at General Electric

In related news, SVP Russell Stokes sold 15,550 shares of General Electric stock in a transaction on Monday, November 18th. The shares were sold at an average price of $178.29, for a total transaction of $2,772,409.50. Following the sale, the senior vice president now directly owns 148,857 shares in the company, valued at $26,539,714.53. This trade represents a 9.46 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Riccardo Procacci sold 7,000 shares of the company'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 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 disclosure for this sale can be found here. Insiders own 0.66% of the company's stock.

General Electric Stock Down 2.3 %

Shares of General Electric stock traded down $3.81 on Thursday, reaching $164.83. 7,743,831 shares of the company were exchanged, compared to its average volume of 6,123,149. The stock's 50 day moving average price is $181.11 and its 200-day moving average price is $172.48. The company has a market cap of $178.39 billion, a P/E ratio of 29.33, a price-to-earnings-growth ratio of 1.69 and a beta of 1.17. General Electric has a 1-year low of $95.92 and a 1-year high of $194.80. 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 (NYSE:GE - Get Free Report) last announced its quarterly earnings data on Tuesday, October 22nd. The conglomerate reported $1.15 EPS for the quarter, beating analysts' consensus estimates of $1.13 by $0.02. General Electric had a net margin of 11.48% and a return on equity of 18.93%. The company had revenue of $9.84 billion for the quarter, compared to the consensus estimate of $9.02 billion. During the same period in the prior year, the firm posted $0.82 EPS. The company's quarterly revenue was up 5.8% compared to the same quarter last year. As a group, equities analysts forecast that General Electric will post 4.24 EPS for the current year.

General Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 25th. Shareholders 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 0.68%. The ex-dividend date was Thursday, September 26th. General Electric's dividend payout ratio (DPR) is 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.