B.O.S.S. Retirement Advisors LLC Takes $224,000 Position in General Electric (NYSE:GE)

B.O.S.S. Retirement Advisors LLC acquired a new position in General Electric (NYSE:GE) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,186 shares of the conglomerate’s stock, valued at approximately $224,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Firethorn Wealth Partners LLC acquired a new stake in General Electric during the 3rd quarter valued at approximately $202,000. Wolff Wiese Magana LLC raised its holdings in shares of General Electric by 50.4% during the third quarter. Wolff Wiese Magana LLC now owns 394 shares of the conglomerate’s stock valued at $74,000 after purchasing an additional 132 shares during the period. Amplius Wealth Advisors LLC bought a new stake in General Electric in the 3rd quarter valued at about $210,000. Transform Wealth LLC acquired a new position in General Electric during the 3rd quarter worth approximately $8,428,000. Finally, Vontobel Holding Ltd. lifted its holdings in shares of General Electric by 5.5% in the 3rd quarter. Vontobel Holding Ltd. now owns 15,664 shares of the conglomerate’s stock worth $2,954,000 after purchasing an additional 815 shares in the last quarter. 74.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Sanford C. Bernstein raised their price target on shares of General Electric from $201.00 to $225.00 and gave the company an “outperform” rating in a research report on Monday. StockNews.com lowered General Electric from a “buy” rating to a “hold” rating in a report on Monday, July 29th. Jefferies Financial Group lifted their price target on General Electric from $185.00 to $190.00 and gave the stock a “buy” rating in a report on Friday, June 28th. UBS Group upped their price objective on General Electric from $201.00 to $209.00 and gave the company a “buy” rating in a research note on Monday, July 1st. Finally, Citigroup lifted their target price on General Electric from $198.00 to $216.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $196.86.

General Electric Stock Up 0.2 %

Shares of NYSE GE opened at $192.64 on Friday. The company has a quick ratio of 0.85, a current ratio of 1.14 and a debt-to-equity ratio of 0.95. The company has a market cap of $210.87 billion, a P/E ratio of 63.16, a P/E/G ratio of 1.86 and a beta of 1.18. General Electric has a 52 week low of $84.42 and a 52 week high of $194.80. The business has a 50-day simple moving average of $178.01 and a two-hundred day simple moving average of $167.09.

General Electric (NYSE:GE) last issued its quarterly earnings data on Tuesday, July 23rd. The conglomerate reported $1.20 EPS for the quarter, beating the consensus estimate of $0.99 by $0.21. General Electric had a net margin of 7.66% and a return on equity of 16.07%. The company had revenue of $9.09 billion during the quarter, compared to analysts’ expectations of $8.44 billion. During the same quarter in the previous year, the company earned $0.68 earnings per share. General Electric’s revenue for the quarter was up 3.9% on a year-over-year basis. Research analysts anticipate that General Electric will post 4.2 earnings per share for the current fiscal year.

General Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Thursday, September 26th will be given 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 (DPR) is presently 36.72%.

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.