General Electric (NYSE:GE) Shares Bought by Apollon Wealth Management LLC

Apollon Wealth Management LLC lifted its stake in shares of General Electric (NYSE:GE) by 6.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 20,513 shares of the conglomerate’s stock after acquiring an additional 1,182 shares during the period. Apollon Wealth Management LLC’s holdings in General Electric were worth $3,868,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of GE. Everhart Financial Group Inc. lifted its stake in General Electric by 16.1% during the 3rd quarter. Everhart Financial Group Inc. now owns 8,639 shares of the conglomerate’s stock worth $1,610,000 after acquiring an additional 1,195 shares in the last quarter. Nations Financial Group Inc. IA ADV boosted its stake in shares of General Electric by 14.2% in the third quarter. Nations Financial Group Inc. IA ADV now owns 2,305 shares of the conglomerate’s stock valued at $435,000 after purchasing an additional 287 shares during the period. Jaffetilchin Investment Partners LLC grew its holdings in shares of General Electric by 14.8% in the third quarter. Jaffetilchin Investment Partners LLC now owns 13,398 shares of the conglomerate’s stock valued at $2,527,000 after purchasing an additional 1,729 shares in the last quarter. Addison Advisors LLC increased its stake in General Electric by 116.8% during the 3rd quarter. Addison Advisors LLC now owns 4,828 shares of the conglomerate’s stock worth $910,000 after buying an additional 2,601 shares during the period. Finally, Chartwell Investment Partners LLC lifted its holdings in General Electric by 4.4% during the 3rd quarter. Chartwell Investment Partners LLC now owns 18,247 shares of the conglomerate’s stock worth $3,441,000 after buying an additional 775 shares in the last quarter. 74.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other General Electric news, SVP Riccardo Procacci sold 7,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $181.13, for a total value of $1,267,910.00. Following the completion of the transaction, the senior vice president now directly owns 13,289 shares in the company, valued at approximately $2,407,036.57. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.66% of the company’s stock.

General Electric Stock Down 1.0 %

NYSE GE opened at $182.64 on Wednesday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.85 and a current ratio of 1.13. General Electric has a 52 week low of $91.77 and a 52 week high of $194.80. The stock has a market capitalization of $197.67 billion, a P/E ratio of 32.10, a price-to-earnings-growth ratio of 1.82 and a beta of 1.19. The stock has a fifty day moving average of $180.98 and a 200-day moving average of $170.19.

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

General Electric Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Thursday, September 26th were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 0.61%. The ex-dividend date of this dividend was Thursday, September 26th. General Electric’s dividend payout ratio (DPR) is currently 19.68%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on GE. 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. Melius Research increased their price target on shares of General Electric from $194.00 to $202.00 in a report on Tuesday, October 22nd. Wells Fargo & Company raised their price target on General Electric from $205.00 to $210.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Citigroup upped their price objective on shares of General Electric from $198.00 to $216.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Finally, Barclays boosted their price target on General Electric from $175.00 to $200.00 and gave the company an “overweight” rating in a research report on Tuesday, July 30th. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $200.93.

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.