D.A. Davidson & CO. Purchases 893 Shares of General Electric (NYSE:GE)

D.A. Davidson & CO. lifted its position in shares of General Electric (NYSE:GE) by 2.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 35,280 shares of the conglomerate’s stock after purchasing an additional 893 shares during the period. D.A. Davidson & CO.’s holdings in General Electric were worth $6,653,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Associated Banc Corp grew its position in shares of General Electric by 86.0% in the 3rd quarter. Associated Banc Corp now owns 10,712 shares of the conglomerate’s stock worth $2,020,000 after buying an additional 4,954 shares during the last quarter. Private Trust Co. NA lifted its stake in General Electric by 21.4% in the third quarter. Private Trust Co. NA now owns 5,586 shares of the conglomerate’s stock worth $1,053,000 after acquiring an additional 984 shares during the period. Truvestments Capital LLC bought a new stake in General Electric in the third quarter valued at $35,000. DRW Securities LLC boosted its holdings in General Electric by 480.0% in the third quarter. DRW Securities LLC now owns 14,054 shares of the conglomerate’s stock valued at $2,586,000 after acquiring an additional 11,631 shares in the last quarter. Finally, Bedell Frazier Investment Counselling LLC purchased a new stake in shares of General Electric in the 3rd quarter worth about $209,000. 74.77% of the stock is owned by institutional investors.

Insider Buying and Selling at General Electric

In other news, SVP Riccardo Procacci sold 7,000 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $181.13, for a total transaction of $1,267,910.00. Following the completion of the sale, the senior vice president now owns 13,289 shares of the company’s stock, valued at $2,407,036.57. This represents a 34.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Russell Stokes sold 15,550 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $178.29, for a total transaction of $2,772,409.50. Following the completion of the transaction, the senior vice president now owns 148,857 shares in the company, valued at $26,539,714.53. This trade represents a 9.46 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.66% of the company’s stock.

Analyst Ratings Changes

GE has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft increased their price target 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. Bank of America upped their price target on General Electric from $180.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Sanford C. Bernstein raised their price objective on General Electric from $201.00 to $225.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Wells Fargo & Company boosted their target price on shares of General Electric from $205.00 to $210.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Finally, Royal Bank of Canada decreased their price target on shares of General Electric from $210.00 to $200.00 and set an “outperform” rating for the company in a research note on Wednesday, October 23rd. Two investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $200.93.

General Electric Trading Down 2.2 %

Shares of NYSE:GE opened at $180.61 on Thursday. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.13 and a quick ratio of 0.85. General Electric has a 1 year low of $94.54 and a 1 year high of $194.80. The company has a market cap of $195.47 billion, a P/E ratio of 31.74, a PEG ratio of 1.77 and a beta of 1.19. The stock’s fifty day moving average price is $183.23 and its 200-day moving average price is $171.44.

General Electric (NYSE:GE) last posted its 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 net margin of 11.48% and a return on equity of 18.93%. The business had revenue of $9.84 billion for the quarter, compared to analysts’ expectations of $9.02 billion. During the same quarter in the prior year, the business earned $0.82 EPS. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. Sell-side analysts expect that General Electric will post 4.24 earnings per share for the current year.

General Electric Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Thursday, September 26th were given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date of this dividend was Thursday, September 26th. General Electric’s dividend payout ratio (DPR) is presently 19.68%.

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.