Mizuho Securities USA LLC purchased a new stake in shares of General Electric (NYSE:GE) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 15,307 shares of the conglomerate’s stock, valued at approximately $370,000.
A number of other large investors have also modified their holdings of GE. MPS Loria Financial Planners LLC purchased a new stake in shares of General Electric during the second quarter valued at $113,000. Ffcm LLC purchased a new stake in shares of General Electric during the second quarter valued at $114,000. Corbenic Partners LLC grew its holdings in shares of General Electric by 15.7% during the second quarter. Corbenic Partners LLC now owns 5,340 shares of the conglomerate’s stock valued at $144,000 after buying an additional 725 shares during the last quarter. Bristlecone Advisors LLC purchased a new stake in shares of General Electric during the third quarter valued at $164,000. Finally, Tuttle Tactical Management LLC purchased a new stake in shares of General Electric during the second quarter valued at $209,000. 55.63% of the stock is owned by institutional investors.
GE has been the topic of a number of research analyst reports. Argus dropped their price objective on shares of General Electric from $30.00 to $27.00 and set a “buy” rating on the stock in a report on Monday, September 18th. Vetr lowered shares of General Electric from a “buy” rating to a “sell” rating and set a $23.72 price target on the stock. in a report on Tuesday, September 19th. JPMorgan Chase & Co. set a $22.00 price target on shares of General Electric and gave the company a “sell” rating in a report on Tuesday, September 19th. Morgan Stanley decreased their price objective on shares of General Electric from $26.00 to $25.00 and set an “equal weight” rating for the company in a research report on Monday, October 2nd. Finally, Credit Suisse Group reiterated an “outperform” rating and issued a $30.00 price objective (down previously from $33.00) on shares of General Electric in a research report on Thursday, October 5th. Six equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company’s stock. General Electric currently has a consensus rating of “Hold” and an average price target of $23.19.
In related news, Director Steven M. Mollenkopf acquired 5,500 shares of the stock in a transaction that occurred on Thursday, November 16th. The stock was purchased at an average price of $18.24 per share, with a total value of $100,320.00. Following the transaction, the director now owns 5,500 shares of the company’s stock, valued at approximately $100,320. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman John Leonard Flannery bought 60,000 shares of General Electric stock in a transaction on Wednesday, November 15th. The shares were acquired at an average price of $18.27 per share, for a total transaction of $1,096,200.00. Following the completion of the acquisition, the chairman now owns 575,477 shares in the company, valued at $10,513,964.79. The disclosure for this purchase can be found here. Insiders have purchased a total of 120,500 shares of company stock valued at $2,183,220 in the last ninety days. 0.36% of the stock is currently owned by corporate insiders.
Shares of General Electric (NYSE:GE) opened at $18.76 on Friday. General Electric has a one year low of $17.25 and a one year high of $31.47. The company has a quick ratio of 1.53, a current ratio of 1.86 and a debt-to-equity ratio of 1.14. The firm has a market cap of $162,690.00, a P/E ratio of 21.81, a PEG ratio of 2.14 and a beta of 1.07.
General Electric (NYSE:GE) last posted its quarterly earnings results on Friday, October 20th. The conglomerate reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.20). General Electric had a net margin of 6.08% and a return on equity of 13.72%. The firm had revenue of $33.47 billion during the quarter, compared to analysts’ expectations of $32.51 billion. During the same period last year, the company earned $0.32 EPS. The business’s quarterly revenue was up 11.5% on a year-over-year basis. sell-side analysts forecast that General Electric will post 1.07 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 25th. Investors of record on Wednesday, December 27th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Tuesday, December 26th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.56%. General Electric’s payout ratio is currently 55.81%.
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General Electric Company Profile
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