McAdam LLC Has $479,000 Stock Holdings in General Electric (NYSE:GE)

McAdam LLC boosted its stake in General Electric (NYSE:GE) by 4.2% in the third quarter, HoldingsChannel reports. The firm owned 2,542 shares of the conglomerate’s stock after buying an additional 103 shares during the period. McAdam LLC’s holdings in General Electric were worth $479,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Studio Investment Management LLC grew its holdings in General Electric by 97.5% in the second quarter. Studio Investment Management LLC now owns 158 shares of the conglomerate’s stock worth $25,000 after purchasing an additional 78 shares during the period. Toth Financial Advisory Corp bought a new position in shares of General Electric in the third quarter valued at $25,000. MFA Wealth Advisors LLC bought a new position in shares of General Electric in the second quarter valued at $31,000. Financial Connections Group Inc. bought a new position in shares of General Electric in the second quarter valued at $32,000. Finally, Richardson Financial Services Inc. bought a new position in shares of General Electric in the first quarter valued at $34,000. 74.77% of the stock is currently owned by institutional investors and hedge funds.

General Electric Stock Down 1.1 %

GE opened at $179.64 on Friday. 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 cap of $196.64 billion, a price-to-earnings ratio of 58.90, a PEG ratio of 1.86 and a beta of 1.18. General Electric has a twelve month low of $84.58 and a twelve month high of $194.80. The company’s 50-day moving average price is $179.51 and its two-hundred day moving average price is $168.15.

General Electric (NYSE:GE) last released its earnings results on Tuesday, October 22nd. The conglomerate reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.02. The firm had revenue of $9.84 billion for the quarter, compared to analysts’ expectations of $9.02 billion. General Electric had a net margin of 7.66% and a return on equity of 16.07%. The company’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.82 earnings per share. As a group, equities analysts expect that General Electric will post 4.2 earnings per share for the current year.

General Electric Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Thursday, September 26th will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date of this dividend is Thursday, September 26th. General Electric’s payout ratio is 36.72%.

Wall Street Analysts Forecast Growth

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

General Electric 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.