SRS Capital Advisors Inc. boosted its position in shares of General Electric Company (NYSE:GE) by 0.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,791 shares of the conglomerate’s stock after buying an additional 28 shares during the quarter. SRS Capital Advisors Inc.’s holdings in General Electric were worth $410,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in GE. Feltz Wealth PLAN Inc. acquired a new stake in General Electric during the first quarter valued at $114,000. Cable Hill Partners LLC grew its position in General Electric by 12.5% during the first quarter. Cable Hill Partners LLC now owns 7,037 shares of the conglomerate’s stock valued at $210,000 after buying an additional 780 shares during the period. Parametrica Management Ltd acquired a new stake in General Electric during the first quarter valued at $214,000. Barber Financial Group Inc. grew its position in General Electric by 3.1% during the first quarter. Barber Financial Group Inc. now owns 7,363 shares of the conglomerate’s stock valued at $219,000 after buying an additional 220 shares during the period. Finally, Hays Advisory LLC grew its position in shares of General Electric by 12.2% in the first quarter. Hays Advisory LLC now owns 7,461 shares of the conglomerate’s stock valued at $222,000 after purchasing an additional 810 shares during the period. Institutional investors own 54.78% of the company’s stock.
Shares of General Electric Company (NYSE:GE) traded down 0.37% on Friday, hitting $23.93. 66,463,460 shares of the company were exchanged. General Electric Company has a 52-week low of $23.58 and a 52-week high of $32.38. The firm has a market cap of $207.18 billion, a P/E ratio of 29.15 and a beta of 1.22. The company has a 50-day moving average price of $24.87 and a 200 day moving average price of $27.62.
General Electric (NYSE:GE) last issued its earnings results on Friday, July 21st. The conglomerate reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.03. The business had revenue of $29.56 billion during the quarter, compared to analyst estimates of $29.07 billion. General Electric had a return on equity of 14.59% and a net margin of 6.45%. General Electric’s revenue was down 11.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.51 earnings per share. Analysts predict that General Electric Company will post $1.56 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Investors of record on Monday, September 18th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Friday, September 15th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.01%. General Electric’s payout ratio is 118.52%.
Several brokerages have recently issued reports on GE. Vetr lowered shares of General Electric from a “strong-buy” rating to a “buy” rating and set a $25.63 target price on the stock. in a research report on Wednesday. Deutsche Bank AG reiterated a “sell” rating and issued a $21.00 target price (down previously from $24.00) on shares of General Electric in a research report on Monday. J P Morgan Chase & Co reiterated an “underweight” rating and issued a $22.00 target price on shares of General Electric in a research report on Thursday, September 7th. Cowen and Company reiterated a “hold” rating and issued a $24.00 target price on shares of General Electric in a research report on Monday, August 7th. Finally, UBS AG reiterated a “buy” rating and issued a $31.00 target price (down previously from $35.00) on shares of General Electric in a research report on Tuesday, July 25th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $29.65.
In related news, Director James S. Tisch purchased 100,000 shares of the stock in a transaction on Tuesday, August 22nd. The shares were purchased at an average cost of $24.56 per share, for a total transaction of $2,456,000.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Vice Chairman Elizabeth J. Comstock sold 24,693 shares of the company’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $25.65, for a total value of $633,375.45. Following the completion of the sale, the insider now owns 175,717 shares in the company, valued at $4,507,141.05. The disclosure for this sale can be found here. Insiders purchased 233,253 shares of company stock valued at $5,860,264 over the last 90 days. 0.36% of the stock is currently owned by corporate insiders.
General Electric Profile
Receive News & Ratings for General Electric Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Electric Company and related companies with our FREE daily email newsletter.