Aptus Capital Advisors LLC Buys 1,517 Shares of General Electric (NYSE:GE)

Aptus Capital Advisors LLC boosted its stake in General Electric (NYSE:GE) by 14.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,707 shares of the conglomerate’s stock after acquiring an additional 1,517 shares during the period. Aptus Capital Advisors LLC’s holdings in General Electric were worth $2,208,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. First Heartland Consultants Inc. boosted its holdings in General Electric by 2.7% in the third quarter. First Heartland Consultants Inc. now owns 4,675 shares of the conglomerate’s stock valued at $882,000 after acquiring an additional 121 shares during the last quarter. Missouri Trust & Investment Co lifted its stake in General Electric by 1,039.7% in the third quarter. Missouri Trust & Investment Co now owns 1,550 shares of the conglomerate’s stock valued at $292,000 after buying an additional 1,414 shares during the period. Aigen Investment Management LP acquired a new position in General Electric in the third quarter valued at approximately $460,000. Savvy Advisors Inc. lifted its stake in General Electric by 61.6% in the third quarter. Savvy Advisors Inc. now owns 2,981 shares of the conglomerate’s stock valued at $562,000 after buying an additional 1,136 shares during the period. Finally, Meridian Management Co. lifted its stake in General Electric by 1.2% in the third quarter. Meridian Management Co. now owns 5,153 shares of the conglomerate’s stock valued at $972,000 after buying an additional 61 shares during the period. 74.77% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, SVP Riccardo Procacci sold 7,000 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $181.13, for a total transaction of $1,267,910.00. Following the sale, the senior vice president now owns 13,289 shares of the company’s stock, valued at approximately $2,407,036.57. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.66% of the stock is currently owned by insiders.

Analysts Set New Price Targets

GE has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft boosted their price target on General Electric from $212.00 to $235.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Citigroup upped their target price on General Electric from $198.00 to $216.00 and gave the stock 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 report on Monday, July 29th. Sanford C. Bernstein upped their price target on General Electric from $201.00 to $225.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Finally, Royal Bank of Canada decreased their price target on General Electric from $210.00 to $200.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. Two analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $200.93.

General Electric Stock Up 0.5 %

GE stock opened at $183.54 on Thursday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.85 and a current ratio of 1.13. The company has a market capitalization of $198.64 billion, a price-to-earnings ratio of 32.26, a PEG ratio of 1.80 and a beta of 1.19. General Electric has a fifty-two week low of $92.46 and a fifty-two week high of $194.80. The stock has a fifty day moving average of $181.35 and a 200-day moving average of $170.33.

General Electric (NYSE:GE) last posted its quarterly earnings results on Tuesday, October 22nd. The conglomerate reported $1.15 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.02. The company had revenue of $9.84 billion during the quarter, compared to the consensus estimate of $9.02 billion. General Electric had a return on equity of 18.93% and a net margin of 11.48%. The firm’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.82 EPS. As a group, equities research analysts predict that General Electric will post 4.22 earnings per share for the current year.

General Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Thursday, September 26th were issued a dividend of $0.28 per share. The ex-dividend date was Thursday, September 26th. This represents a $1.12 dividend on an annualized basis and a yield of 0.61%. General Electric’s dividend payout ratio (DPR) is 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.