Apella Capital LLC Has $697,000 Stock Position in General Electric (NYSE:GE)

Apella Capital LLC lifted its stake in shares of General Electric (NYSE:GE) by 21.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,736 shares of the conglomerate’s stock after buying an additional 653 shares during the period. Apella Capital LLC’s holdings in General Electric were worth $697,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Studio Investment Management LLC raised its holdings in General Electric by 97.5% in the 2nd quarter. Studio Investment Management LLC now owns 158 shares of the conglomerate’s stock valued at $25,000 after buying an additional 78 shares during the last quarter. MFA Wealth Advisors LLC acquired a new position in shares of General Electric during the second quarter worth $31,000. Kapitalo Investimentos Ltda bought a new stake in shares of General Electric in the fourth quarter worth $32,000. Financial Connections Group Inc. acquired a new stake in General Electric in the second quarter valued at $32,000. Finally, Richardson Financial Services Inc. bought a new position in General Electric during the 1st quarter worth $34,000. 74.77% of the stock is currently owned by institutional investors.

General Electric Stock Up 1.7 %

Shares of NYSE:GE traded up $3.19 during trading on Friday, reaching $187.08. 3,978,906 shares of the stock traded hands, compared to its average volume of 6,511,288. General Electric has a 52-week low of $84.42 and a 52-week high of $190.88. The stock has a market cap of $204.78 billion, a P/E ratio of 61.32, a price-to-earnings-growth ratio of 1.87 and a beta of 1.18. The stock has a 50-day moving average of $173.52 and a two-hundred day moving average of $166.17. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.85 and a current ratio of 1.14.

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

General Electric Announces Dividend

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 $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 yield of 0.60%. General Electric’s dividend payout ratio is presently 36.72%.

Analyst Ratings Changes

GE has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft raised their price objective on General Electric from $212.00 to $235.00 and gave the stock a “buy” rating in a research report on Thursday. Barclays boosted their price target on shares of General Electric from $175.00 to $200.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 30th. StockNews.com downgraded shares of General Electric from a “buy” rating to a “hold” rating in a research note on Monday, July 29th. Royal Bank of Canada upped their price target on shares of General Electric from $175.00 to $190.00 and gave the company an “outperform” rating in a research report on Wednesday, July 24th. Finally, Wells Fargo & Company lifted their price objective on General Electric from $192.00 to $205.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. Two equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, General Electric currently has a consensus rating of “Moderate Buy” and an average price target of $193.00.

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.