Arcus Capital Partners LLC Sells 359 Shares of General Electric (NYSE:GE)

Arcus Capital Partners LLC lessened its stake in shares of General Electric (NYSE:GE) by 3.0% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 11,545 shares of the conglomerate’s stock after selling 359 shares during the period. General Electric accounts for about 0.8% of Arcus Capital Partners LLC’s holdings, making the stock its 23rd biggest holding. Arcus Capital Partners LLC’s holdings in General Electric were worth $2,177,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Toth Financial Advisory Corp acquired a new position in General Electric during the third quarter worth approximately $25,000. O Brien Wealth Partners LLC bought a new position in shares of General Electric during the 3rd quarter worth approximately $27,000. Studio Investment Management LLC increased its holdings in shares of General Electric by 97.5% during the 2nd quarter. Studio Investment Management LLC now owns 158 shares of the conglomerate’s stock worth $25,000 after acquiring an additional 78 shares during the last quarter. Costello Asset Management INC raised its stake in General Electric by 92.0% in the 3rd quarter. Costello Asset Management INC now owns 167 shares of the conglomerate’s stock valued at $31,000 after acquiring an additional 80 shares during the period. Finally, MFA Wealth Advisors LLC acquired a new stake in General Electric during the 2nd quarter valued at $31,000. 74.77% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at General Electric

In related news, SVP Riccardo Procacci sold 7,000 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $181.13, for a total transaction of $1,267,910.00. Following the sale, the senior vice president now owns 13,289 shares in the company, valued at $2,407,036.57. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.66% of the company’s stock.

General Electric Trading Down 0.1 %

Shares of NYSE GE opened at $184.62 on Tuesday. The firm has a 50 day moving average price of $180.98 and a two-hundred day moving average price of $170.19. The stock has a market cap of $199.81 billion, a P/E ratio of 32.45, a price-to-earnings-growth ratio of 1.82 and a beta of 1.19. General Electric has a 52-week low of $91.77 and a 52-week high of $194.80. 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 (NYSE:GE) last issued its quarterly earnings results on Tuesday, October 22nd. The conglomerate reported $1.15 earnings per share for the quarter, beating 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 company had revenue of $9.84 billion during the quarter, compared to analysts’ expectations of $9.02 billion. During the same quarter in the prior year, the firm posted $0.82 earnings per share. The business’s quarterly revenue was up 5.8% on a year-over-year basis. As a group, equities analysts forecast that General Electric will post 4.22 EPS for the current year.

General Electric Dividend Announcement

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

Analysts Set New Price Targets

Several analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft lifted their target price on shares of General Electric from $212.00 to $235.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Barclays boosted their price objective on General Electric from $175.00 to $200.00 and gave the stock an “overweight” rating in a report on Tuesday, July 30th. StockNews.com lowered General Electric from a “buy” rating to a “hold” rating in a research note on Monday, July 29th. Melius Research boosted their price target on General Electric from $194.00 to $202.00 in a research note on Tuesday, October 22nd. Finally, Royal Bank of Canada lowered their price objective on General Electric from $210.00 to $200.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. Two research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $200.93.

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.