Mosaic Family Wealth LLC Raises Holdings in General Electric (GE)

Mosaic Family Wealth LLC increased its holdings in shares of General Electric (NYSE:GE) by 17.3% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 48,916 shares of the conglomerate’s stock after purchasing an additional 7,207 shares during the period. Mosaic Family Wealth LLC owned approximately 0.07% of General Electric worth $1,183,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of GE. MPS Loria Financial Planners LLC bought a new stake in shares of General Electric in the 2nd quarter valued at approximately $113,000. Ffcm LLC acquired a new position in shares of General Electric in the 2nd quarter worth approximately $114,000. Corbenic Partners LLC boosted its holdings in shares of General Electric by 15.7% in the 2nd quarter. Corbenic Partners LLC now owns 5,340 shares of the conglomerate’s stock worth $144,000 after acquiring an additional 725 shares in the last quarter. Bristlecone Advisors LLC acquired a new position in shares of General Electric in the 3rd quarter worth approximately $164,000. Finally, Tuttle Tactical Management LLC acquired a new position in shares of General Electric in the 2nd quarter worth approximately $209,000. 55.50% of the stock is owned by institutional investors and hedge funds.

In related news, insider Alexander Dimitrief acquired 2,689 shares of the firm’s stock in a transaction dated Monday, January 29th. The stock was bought at an average price of $16.16 per share, for a total transaction of $43,454.24. Following the acquisition, the insider now directly owns 81,185 shares of the company’s stock, valued at $1,311,949.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman John Leonard Flannery acquired 60,000 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The stock was bought at an average price of $18.27 per share, with a total value of $1,096,200.00. Following the acquisition, the chairman now directly owns 575,477 shares in the company, valued at $10,513,964.79. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 124,370 shares of company stock valued at $2,245,570. Corporate insiders own 0.36% of the company’s stock.

Several brokerages have recently commented on GE. Credit Suisse Group reissued a “hold” rating and issued a $16.00 target price on shares of General Electric in a report on Tuesday. Stifel Nicolaus reduced their target price on General Electric from $18.00 to $17.00 and set a “hold” rating on the stock in a report on Tuesday. TheStreet downgraded General Electric from a “c” rating to a “d+” rating in a report on Wednesday, January 24th. Deutsche Bank set a $15.00 price objective on General Electric and gave the stock a “sell” rating in a report on Wednesday. Finally, Royal Bank of Canada reduced their price objective on General Electric to $17.00 and set a “sector perform” rating on the stock in a report on Thursday, January 25th. Five analysts have rated the stock with a sell rating, thirteen have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $21.42.

General Electric (GE) traded down $0.15 on Thursday, hitting $16.02. 52,823,960 shares of the company were exchanged, compared to its average volume of 97,020,000. The company has a debt-to-equity ratio of 2.09, a quick ratio of 1.53 and a current ratio of 1.86. General Electric has a 1-year low of $15.80 and a 1-year high of $30.59. The company has a market cap of $138,930.00, a PE ratio of 14.83, a P/E/G ratio of 2.98 and a beta of 1.07.

General Electric (NYSE:GE) last released its earnings results on Wednesday, January 24th. The conglomerate reported $0.27 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.01). The firm had revenue of $31.40 billion for the quarter, compared to the consensus estimate of $33.93 billion. General Electric had a positive return on equity of 12.26% and a negative net margin of 4.74%. General Electric’s revenue for the quarter was down 5.1% on a year-over-year basis. During the same quarter last year, the company posted $0.46 EPS. research analysts predict that General Electric will post 1 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, January 25th. Shareholders of record on Wednesday, December 27th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date was Tuesday, December 26th. General Electric’s dividend payout ratio (DPR) is presently 44.44%.

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General Electric Profile

General Electric Company is a global digital industrial company. The Company’s products and services range from aircraft engines, power generation, and oil and gas production equipment to medical imaging, financing and industrial products. Its segments include Power, which includes products and services related to energy production; Renewable Energy, which offers renewable power sources; Oil & Gas, including liquefied natural gas and pipelines; Aviation, which includes commercial and military aircraft engines, and integrated digital components, among others; Healthcare, which provides healthcare technologies in medical imaging, digital solutions, patient monitoring and diagnostics, and drug discovery, among others; Transportation, which is a supplier to the railroad, mining, marine, stationary power and drilling industries; Energy Connections & Lighting, which includes Energy Connections and Lighting businesses, and Capital, which is a financial services division.

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

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