Certified Advisory Corp Has $1.05 Million Holdings in General Electric (NYSE:GE)

Certified Advisory Corp boosted its holdings in shares of General Electric (NYSE:GE) by 1.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,572 shares of the conglomerate’s stock after purchasing an additional 63 shares during the period. Certified Advisory Corp’s holdings in General Electric were worth $1,045,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Studio Investment Management LLC grew its stake in shares of General Electric by 97.5% during the second quarter. Studio Investment Management LLC now owns 158 shares of the conglomerate’s stock valued at $25,000 after purchasing an additional 78 shares during the last quarter. MFA Wealth Advisors LLC acquired a new position in General Electric during the 2nd quarter worth $31,000. Richardson Financial Services Inc. bought a new position in General Electric in the 1st quarter valued at $34,000. Financial Connections Group Inc. acquired a new stake in shares of General Electric in the 2nd quarter valued at $32,000. Finally, ANTIPODES PARTNERS Ltd bought a new stake in shares of General Electric during the first quarter worth $37,000. Institutional investors own 74.77% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Royal Bank of Canada raised their price target on General Electric from $175.00 to $190.00 and gave the company an “outperform” rating in a report on Wednesday, July 24th. StockNews.com cut shares of General Electric from a “buy” rating to a “hold” rating in a research report on Monday, July 29th. Sanford C. Bernstein began coverage on shares of General Electric in a report on Tuesday, September 10th. They issued an “outperform” rating and a $201.00 price objective on the stock. Jefferies Financial Group raised their price objective on shares of General Electric from $185.00 to $190.00 and gave the company a “buy” rating in a research note on Friday, June 28th. Finally, Barclays increased their price target on General Electric from $175.00 to $200.00 and gave the company an “overweight” rating in a research note on Tuesday, July 30th. Two research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $191.36.

General Electric Price Performance

Shares of GE opened at $188.71 on Tuesday. The company has a 50 day moving average of $169.27 and a 200-day moving average of $170.43. 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 stock has a market capitalization of $206.56 billion, a P/E ratio of 61.87, a P/E/G ratio of 1.65 and a beta of 1.18. General Electric has a twelve month low of $84.42 and a twelve month high of $189.78.

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

General Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Thursday, September 26th will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date is Thursday, September 26th. General Electric’s payout ratio is currently 36.72%.

General Electric Company 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.