Pure Financial Advisors LLC Purchases 123 Shares of General Electric (NYSE:GE)

Pure Financial Advisors LLC increased its position in General Electric (NYSE:GE) by 3.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,384 shares of the conglomerate’s stock after purchasing an additional 123 shares during the period. Pure Financial Advisors LLC’s holdings in General Electric were worth $564,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. ProShare Advisors LLC grew its stake in shares of General Electric by 5.6% in the 2nd quarter. ProShare Advisors LLC now owns 166,173 shares of the conglomerate’s stock worth $26,417,000 after buying an additional 8,787 shares during the last quarter. Mount Yale Investment Advisors LLC boosted its holdings in General Electric by 79.4% in the second quarter. Mount Yale Investment Advisors LLC now owns 3,053 shares of the conglomerate’s stock worth $485,000 after acquiring an additional 1,351 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of General Electric by 7.4% in the second quarter. EverSource Wealth Advisors LLC now owns 5,359 shares of the conglomerate’s stock worth $912,000 after acquiring an additional 371 shares during the last quarter. DRW Securities LLC increased its holdings in shares of General Electric by 9.3% during the second quarter. DRW Securities LLC now owns 2,423 shares of the conglomerate’s stock valued at $361,000 after acquiring an additional 206 shares in the last quarter. Finally, Commonwealth Financial Services LLC purchased a new position in shares of General Electric in the 2nd quarter worth about $209,000. Institutional investors own 74.77% of the company’s stock.

General Electric Trading Up 2.5 %

Shares of GE stock opened at $187.46 on Wednesday. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.13 and a quick ratio of 0.85. The company has a market cap of $202.89 billion, a price-to-earnings ratio of 32.95, a PEG ratio of 1.49 and a beta of 1.19. General Electric has a 1 year low of $101.16 and a 1 year high of $194.80. The firm has a fifty day moving average price of $174.30 and a 200-day moving average price of $174.30.

General Electric (NYSE:GE) last released its quarterly earnings results on Tuesday, October 22nd. The conglomerate reported $1.15 earnings per share (EPS) for the quarter, beating 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 business had revenue of $9.84 billion during the quarter, compared to analyst estimates of $9.02 billion. During the same quarter in the previous year, the company posted $0.82 earnings per share. General Electric’s revenue for the quarter was up 5.8% on a year-over-year basis. As a group, equities analysts predict that General Electric will post 4.23 earnings per share for the current year.

General Electric Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Friday, December 27th will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 0.60%. The ex-dividend date is Friday, December 27th. General Electric’s dividend payout ratio is 19.68%.

Insiders Place Their Bets

In other General Electric news, SVP Riccardo Procacci sold 7,000 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $181.13, for a total value of $1,267,910.00. Following the completion of the sale, the senior vice president now owns 13,289 shares in the company, valued at approximately $2,407,036.57. This represents a 34.50 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Russell Stokes sold 15,550 shares of the firm’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 sale, the senior vice president now directly owns 148,857 shares in the company, valued at approximately $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 owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. UBS Group raised their price objective on shares of General Electric from $223.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Royal Bank of Canada decreased their price objective on shares of General Electric from $210.00 to $200.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. Bank of America increased their target price on General Electric from $180.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft decreased their price target on General Electric from $235.00 to $228.00 and set a “buy” rating for the company in a research note on Thursday, January 2nd. Finally, Citigroup increased their price objective on General Electric from $198.00 to $216.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $201.47.

General Electric 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.