Godshalk Welsh Capital Management Inc. boosted its position in shares of General Electric Company (NYSE:GE) by 0.4% during the third quarter, Holdings Channel reports. The fund owned 56,400 shares of the company’s stock after buying an additional 200 shares during the period. General Electric Company accounts for about 1.7% of Godshalk Welsh Capital Management Inc.’s investment portfolio, making the stock its 11th largest position. Godshalk Welsh Capital Management Inc.’s holdings in General Electric Company were worth $1,671,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of GE. RNC Capital Management LLC increased its stake in General Electric Company by 0.4% in the second quarter. RNC Capital Management LLC now owns 1,130,725 shares of the company’s stock worth $35,595,000 after buying an additional 4,844 shares during the period. Northwest Investment Counselors LLC increased its stake in General Electric Company by 2.7% in the second quarter. Northwest Investment Counselors LLC now owns 6,860 shares of the company’s stock worth $216,000 after buying an additional 182 shares during the period. Highstreet Asset Management Inc. increased its stake in General Electric Company by 17.9% in the second quarter. Highstreet Asset Management Inc. now owns 119,609 shares of the company’s stock worth $3,765,000 after buying an additional 18,169 shares during the period. Oakbrook Investments LLC increased its stake in General Electric Company by 12.0% in the second quarter. Oakbrook Investments LLC now owns 1,796,387 shares of the company’s stock worth $56,550,000 after buying an additional 192,020 shares during the period. Finally, YHB Investment Advisors Inc. increased its stake in General Electric Company by 3.2% in the second quarter. YHB Investment Advisors Inc. now owns 156,012 shares of the company’s stock worth $4,911,000 after buying an additional 4,862 shares during the period. 54.55% of the stock is owned by hedge funds and other institutional investors.
Shares of General Electric Company (NYSE:GE) traded up 0.44% during trading on Friday, hitting $29.72. 22,787,056 shares of the stock were exchanged. The firm’s 50-day moving average is $30.72 and its 200 day moving average is $30.51. The company has a market cap of $261.39 billion, a P/E ratio of 33.17 and a beta of 1.20. General Electric Company has a 1-year low of $28.19 and a 1-year high of $33.00.
General Electric Company (NYSE:GE) last released its quarterly earnings results on Friday, January 20th. The company reported $0.46 EPS for the quarter, meeting analysts’ consensus estimates of $0.46. The business earned $33.10 billion during the quarter, compared to analyst estimates of $33.67 billion. General Electric Company had a return on equity of 15.99% and a net margin of 6.86%. General Electric Company’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.52 EPS. Equities analysts forecast that General Electric Company will post $1.64 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 25th. Investors of record on Monday, February 27th will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date of this dividend is Thursday, February 23rd. General Electric Company’s payout ratio is currently 106.67%.
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A number of analysts recently commented on the stock. Argus reiterated a “buy” rating and issued a $36.00 target price on shares of General Electric Company in a report on Monday, October 24th. Zacks Investment Research downgraded shares of General Electric Company from a “hold” rating to a “sell” rating in a report on Monday, October 24th. Goldman Sachs Group, Inc. (The) set a $31.00 target price on shares of General Electric Company and gave the stock a “neutral” rating in a report on Monday, December 12th. Vetr downgraded shares of General Electric Company from a “buy” rating to a “hold” rating and set a $32.62 target price on the stock. in a research report on Thursday, December 1st. Finally, Sanford C. Bernstein raised shares of General Electric Company from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $33.00 to $40.00 in a research report on Friday, December 16th. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $33.55.
In related news, Vice Chairman David Leon Joyce sold 159,662 shares of the stock in a transaction on Friday, February 3rd. The stock was sold at an average price of $29.56, for a total value of $4,719,608.72. Following the completion of the sale, the insider now directly owns 738,907 shares of the company’s stock, valued at approximately $21,842,090.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jeffrey S. Bornstein purchased 5,000 shares of the stock in a transaction that occurred on Tuesday, January 31st. The stock was bought at an average cost of $29.63 per share, with a total value of $148,150.00. Following the completion of the transaction, the insider now directly owns 68,757 shares in the company, valued at approximately $2,037,269.91. The disclosure for this purchase can be found here. Corporate insiders own 0.23% of the company’s stock.
General Electric Company Company Profile
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