Atlas Brown Inc. Sells 58,246 Shares of General Electric (NYSE:GE)

Atlas Brown Inc. reduced its stake in General Electric (NYSE:GE) by 88.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,865 shares of the conglomerate’s stock after selling 58,246 shares during the period. Atlas Brown Inc.’s holdings in General Electric were worth $810,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. West Branch Capital LLC bought a new stake in General Electric during the second quarter valued at $33,000. Financial Insights Inc. bought a new stake in General Electric during the second quarter valued at $38,000. Truvestments Capital LLC boosted its stake in General Electric by 112.2% during the second quarter. Truvestments Capital LLC now owns 2,837 shares of the conglomerate’s stock valued at $38,000 after buying an additional 1,500 shares during the period. RPg Family Wealth Advisory LLC bought a new stake in General Electric during the second quarter valued at $42,000. Finally, Evolution Wealth Advisors LLC boosted its stake in General Electric by 53.9% during the second quarter. Evolution Wealth Advisors LLC now owns 3,714 shares of the conglomerate’s stock valued at $50,000 after buying an additional 1,300 shares during the period.

In other General Electric news, Director Leslie Seidman purchased 1,000 shares of the business’s stock in a transaction on Monday, November 22nd. The stock was acquired at an average price of $100.59 per share, for a total transaction of $100,590.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders acquired a total of 2,051 shares of company stock valued at $210,673 in the last quarter. 0.71% of the stock is currently owned by company insiders.

Several brokerages have issued reports on GE. TheStreet raised General Electric from a “d+” rating to a “c” rating in a research note on Wednesday, October 20th. Cowen lifted their price objective on General Electric from $108.00 to $126.00 and gave the stock a “market perform” rating in a report on Wednesday, November 10th. Royal Bank of Canada boosted their price target on General Electric from $127.00 to $130.00 and gave the company an “outperform” rating in a report on Wednesday, November 10th. Wolfe Research boosted their price target on General Electric from $132.00 to $136.00 and gave the company an “outperform” rating in a report on Wednesday, November 10th. Finally, UBS Group lifted their price objective on General Electric from $136.00 to $143.00 and gave the company a “buy” rating in a research report on Wednesday, November 10th. One analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $122.18.

Shares of NYSE:GE traded up $0.15 during midday trading on Thursday, hitting $102.23. The company had a trading volume of 5,569,121 shares, compared to its average volume of 8,669,891. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.80 and a quick ratio of 1.50. The company has a market cap of $112.26 billion, a price-to-earnings ratio of -196.60, a PEG ratio of 9.35 and a beta of 1.03. General Electric has a 12-month low of $79.68 and a 12-month high of $116.17. The company has a fifty day moving average of $104.27 and a two-hundred day moving average of $104.77.

General Electric (NYSE:GE) last posted its quarterly earnings data on Monday, October 25th. The conglomerate reported $0.57 EPS for the quarter, topping the consensus estimate of $0.43 by $0.14. General Electric had a positive return on equity of 5.88% and a negative net margin of 0.05%. The firm had revenue of $18.43 billion during the quarter, compared to analyst estimates of $19.17 billion. During the same period in the prior year, the business posted $0.48 EPS. General Electric’s revenue was down .5% on a year-over-year basis. Research analysts expect that General Electric will post 2.01 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, October 25th. Shareholders of record on Monday, September 27th were paid a $0.08 dividend. The ex-dividend date of this dividend was Friday, September 24th. This represents a $0.32 dividend on an annualized basis and a yield of 0.31%. General Electric’s payout ratio is presently -61.54%.

About General Electric

General Electric Co engages in the provision of technology and financial services. It operates through the following segments: Power, Renewable Energy, Aviation, Healthcare, and Capital. The Power segment offers technologies, solutions, and services related to energy production, which includes gas and steam turbines, generators, and power generation services.

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Institutional Ownership by Quarter for General Electric (NYSE:GE)

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