One Wealth Advisors LLC Purchases 150 Shares of General Electric (NYSE:GE)

One Wealth Advisors LLC grew its position in General Electric (NYSE:GE) by 9.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,808 shares of the conglomerate’s stock after acquiring an additional 150 shares during the quarter. One Wealth Advisors LLC’s holdings in General Electric were worth $341,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Virtu Financial LLC boosted its position in shares of General Electric by 38.0% during the fourth quarter. Virtu Financial LLC now owns 3,865 shares of the conglomerate’s stock valued at $493,000 after buying an additional 1,064 shares during the period. Wellington Management Group LLP lifted its stake in shares of General Electric by 1.6% during the 4th quarter. Wellington Management Group LLP now owns 133,618 shares of the conglomerate’s stock worth $17,054,000 after acquiring an additional 2,055 shares during the last quarter. Kapitalo Investimentos Ltda purchased a new position in General Electric during the 4th quarter valued at $32,000. Massmutual Trust Co. FSB ADV grew its position in General Electric by 5.3% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 3,323 shares of the conglomerate’s stock valued at $583,000 after acquiring an additional 167 shares during the last quarter. Finally, Foster Group Inc. lifted its position in shares of General Electric by 16.8% during the first quarter. Foster Group Inc. now owns 2,623 shares of the conglomerate’s stock worth $460,000 after purchasing an additional 377 shares during the last quarter. Institutional investors own 74.77% of the company’s stock.

General Electric Stock Up 0.8 %

NYSE:GE traded up $1.54 during midday trading on Thursday, reaching $193.72. 574,693 shares of the stock traded hands, compared to its average volume of 6,339,531. General Electric has a 12-month low of $84.42 and a 12-month high of $194.80. The business has a 50-day moving average of $177.46 and a two-hundred day moving average of $166.91. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.85 and a current ratio of 1.14. The stock has a market capitalization of $212.05 billion, a PE ratio of 63.01, a price-to-earnings-growth ratio of 1.86 and a beta of 1.18.

General Electric (NYSE:GE) last posted its earnings results on Tuesday, July 23rd. The conglomerate reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $0.99 by $0.21. The company had revenue of $9.09 billion during the quarter, compared to analysts’ expectations of $8.44 billion. General Electric had a net margin of 7.66% and a return on equity of 16.07%. General Electric’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.68 earnings per share. On average, equities analysts forecast that General Electric will post 4.2 earnings per share for the current fiscal year.

General Electric Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Thursday, September 26th will be issued a $0.28 dividend. The ex-dividend date of this dividend is Thursday, September 26th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.58%. General Electric’s dividend payout ratio is currently 36.72%.

Analysts Set New Price Targets

A number of analysts recently issued reports on GE shares. Royal Bank of Canada boosted their price target on General Electric from $175.00 to $190.00 and gave the company an “outperform” rating in a report on Wednesday, July 24th. Citigroup lifted their target price on General Electric from $198.00 to $216.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. StockNews.com lowered General Electric from a “buy” rating to a “hold” rating in a research note on Monday, July 29th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of General Electric from $212.00 to $235.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Finally, Wells Fargo & Company raised their target price on shares of General Electric from $192.00 to $205.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. Two research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, General Electric currently has an average rating of “Moderate Buy” and a consensus target price of $196.86.

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.