Arkadios Wealth Advisors Buys 140 Shares of General Electric (NYSE:GE)

Arkadios Wealth Advisors increased its position in shares of General Electric (NYSE:GE) by 2.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,023 shares of the conglomerate’s stock after acquiring an additional 140 shares during the quarter. Arkadios Wealth Advisors’ holdings in General Electric were worth $1,136,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Studio Investment Management LLC raised its position in shares of General Electric by 97.5% during the second quarter. Studio Investment Management LLC now owns 158 shares of the conglomerate’s stock worth $25,000 after purchasing an additional 78 shares during the period. Toth Financial Advisory Corp bought a new stake in General Electric during the 3rd quarter worth approximately $25,000. O Brien Wealth Partners LLC acquired a new stake in General Electric during the 3rd quarter worth approximately $27,000. MFA Wealth Advisors LLC bought a new position in General Electric in the second quarter valued at approximately $31,000. Finally, Financial Connections Group Inc. acquired a new position in shares of General Electric in the second quarter valued at approximately $32,000. Institutional investors and hedge funds own 74.77% of the company’s stock.

Analysts Set New Price Targets

GE has been the topic of a number of research analyst reports. Melius Research raised their price objective on shares of General Electric from $194.00 to $202.00 in a report on Tuesday, October 22nd. Sanford C. Bernstein lifted their price target on General Electric from $201.00 to $225.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Deutsche Bank Aktiengesellschaft upped their price objective on General Electric from $212.00 to $235.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Citigroup boosted their target price on General Electric from $198.00 to $216.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Finally, Wells Fargo & Company raised their price target on shares of General Electric from $205.00 to $210.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Two equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $200.93.

General Electric Stock Performance

NYSE GE opened at $179.10 on Monday. The firm has a market capitalization of $194.20 billion, a P/E ratio of 31.48, a price-to-earnings-growth ratio of 1.74 and a beta of 1.18. The firm’s fifty day moving average price is $179.90 and its two-hundred day moving average price is $168.56. General Electric has a 1 year low of $84.58 and a 1 year high of $194.80. 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 (NYSE:GE) last announced its quarterly earnings results on Tuesday, October 22nd. The conglomerate reported $1.15 earnings per share for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $9.02 billion. During the same quarter in the previous year, the business earned $0.82 earnings per share. The business’s revenue was up 5.8% compared to the same quarter last year. As a group, research analysts anticipate that General Electric will post 4.2 EPS for the current year.

General Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Thursday, September 26th were issued a $0.28 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $1.12 annualized dividend and a dividend yield of 0.63%. General Electric’s dividend payout ratio is currently 19.68%.

About General Electric

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.