Motive Wealth Advisors Purchases Shares of 1,191 General Electric (NYSE:GE)

Motive Wealth Advisors bought a new position in shares of General Electric (NYSE:GE) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,191 shares of the conglomerate’s stock, valued at approximately $209,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of GE. Halpern Financial Inc. grew its position in General Electric by 968.4% during the fourth quarter. Halpern Financial Inc. now owns 203 shares of the conglomerate’s stock valued at $25,000 after acquiring an additional 184 shares during the last quarter. Criterion Capital Advisors LLC purchased a new position in General Electric during the fourth quarter valued at $27,000. CGC Financial Services LLC increased its holdings in shares of General Electric by 90.2% during the fourth quarter. CGC Financial Services LLC now owns 232 shares of the conglomerate’s stock valued at $30,000 after acquiring an additional 110 shares in the last quarter. Capital Analysts LLC increased its holdings in General Electric by 55.8% in the 4th quarter. Capital Analysts LLC now owns 243 shares of the conglomerate’s stock worth $31,000 after buying an additional 87 shares in the last quarter. Finally, Bfsg LLC bought a new stake in General Electric in the 4th quarter worth about $32,000. Institutional investors own 74.77% of the company’s stock.

Insider Buying and Selling

In related news, SVP Russell Stokes sold 45,309 shares of the firm’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $162.82, for a total value of $7,377,211.38. Following the completion of the sale, the senior vice president now directly owns 112,958 shares in the company, valued at $18,391,821.56. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.66% of the stock is currently owned by insiders.

General Electric Stock Down 1.8 %

Shares of GE traded down $2.96 during trading hours on Friday, reaching $158.96. 5,982,334 shares of the stock traded hands, compared to its average volume of 7,141,495. The company has a current ratio of 1.17, a quick ratio of 0.82 and a debt-to-equity ratio of 0.63. The stock has a fifty day simple moving average of $162.59 and a 200 day simple moving average of $153.80. General Electric has a 52 week low of $84.42 and a 52 week high of $170.80. The company has a market cap of $174.00 billion, a price-to-earnings ratio of 52.12, a PEG ratio of 1.75 and a beta of 1.21.

General Electric (NYSE:GE) last announced its earnings results on Tuesday, April 23rd. The conglomerate reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.17. General Electric had a net margin of 5.05% and a return on equity of 12.54%. The business had revenue of $16.10 billion during the quarter, compared to analyst estimates of $15.25 billion. During the same period in the previous year, the business posted $0.27 earnings per share. General Electric’s revenue for the quarter was up 11.1% on a year-over-year basis. On average, equities analysts forecast that General Electric will post 4.02 EPS for the current year.

General Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 25th. Stockholders of record on Thursday, July 11th will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 0.70%. The ex-dividend date of this dividend is Thursday, July 11th. General Electric’s dividend payout ratio (DPR) is presently 36.72%.

Analysts Set New Price Targets

A number of research analysts recently commented on GE shares. Royal Bank of Canada boosted their price target on General Electric from $165.00 to $175.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Argus increased their price target on General Electric from $170.00 to $180.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Vertical Research assumed coverage on General Electric in a research report on Thursday, April 4th. They set a “buy” rating and a $160.00 price objective on the stock. JPMorgan Chase & Co. boosted their target price on General Electric from $148.00 to $175.00 and gave the stock an “overweight” rating in a research note on Monday, May 13th. Finally, The Goldman Sachs Group boosted their target price on General Electric from $190.00 to $211.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Two investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $181.93.

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.