Woodard & Co. Asset Management Group Inc. ADV Acquires 926 Shares of General Electric (NYSE:GE)

Woodard & Co. Asset Management Group Inc. ADV grew its holdings in General Electric (NYSE:GE) by 5.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 18,535 shares of the conglomerate’s stock after purchasing an additional 926 shares during the quarter. General Electric makes up 0.8% of Woodard & Co. Asset Management Group Inc. ADV’s portfolio, making the stock its 27th biggest position. Woodard & Co. Asset Management Group Inc. ADV’s holdings in General Electric were worth $3,495,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of GE. Brookstone Capital Management boosted its position in General Electric by 14.4% during the 1st quarter. Brookstone Capital Management now owns 21,347 shares of the conglomerate’s stock valued at $3,747,000 after acquiring an additional 2,682 shares in the last quarter. Wealthcare Advisory Partners LLC boosted its position in General Electric by 6.6% during the first quarter. Wealthcare Advisory Partners LLC now owns 9,377 shares of the conglomerate’s stock valued at $1,646,000 after purchasing an additional 579 shares in the last quarter. 180 Wealth Advisors LLC boosted its position in General Electric by 2.2% during the first quarter. 180 Wealth Advisors LLC now owns 7,132 shares of the conglomerate’s stock valued at $1,252,000 after purchasing an additional 155 shares in the last quarter. Fifth Third Wealth Advisors LLC grew its stake in General Electric by 27.0% in the first quarter. Fifth Third Wealth Advisors LLC now owns 4,930 shares of the conglomerate’s stock valued at $865,000 after purchasing an additional 1,049 shares during the last quarter. Finally, Capital Asset Advisory Services LLC raised its holdings in General Electric by 8.3% in the first quarter. Capital Asset Advisory Services LLC now owns 2,291 shares of the conglomerate’s stock worth $402,000 after purchasing an additional 175 shares in the last quarter. Hedge funds and other institutional investors own 74.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on GE shares. UBS Group lifted their price objective on shares of General Electric from $223.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft lifted their price target on shares of General Electric from $212.00 to $235.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Sanford C. Bernstein increased their price objective on General Electric from $201.00 to $225.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Melius Research boosted their target price on General Electric from $194.00 to $202.00 in a research note on Tuesday. Finally, Barclays increased their price target on General Electric from $175.00 to $200.00 and gave the company an “overweight” rating in a research note on Tuesday, July 30th. Two research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, General Electric has an average rating of “Moderate Buy” and an average price target of $200.93.

General Electric Price Performance

Shares of NYSE:GE opened at $179.64 on Friday. General Electric has a twelve month low of $84.58 and a twelve month high of $194.80. The company has a current ratio of 1.14, a quick ratio of 0.85 and a debt-to-equity ratio of 0.95. The company has a market cap of $196.64 billion, a PE ratio of 58.90, a price-to-earnings-growth ratio of 1.86 and a beta of 1.18. The company’s 50 day moving average is $179.51 and its 200 day moving average is $168.15.

General Electric (NYSE:GE) last released its quarterly earnings data 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. The firm had revenue of $9.84 billion for the quarter, compared to analyst estimates of $9.02 billion. General Electric had a net margin of 7.66% and a return on equity of 16.07%. The business’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.82 earnings per share. On average, sell-side analysts forecast that General Electric will post 4.2 EPS for the current year.

General Electric Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Thursday, September 26th will be paid 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 0.62%. General Electric’s payout ratio is 36.72%.

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.