General Electric (GE) Holdings Reduced by Shamrock Asset Management LLC

Shamrock Asset Management LLC lessened its position in shares of General Electric (NYSE:GE) by 75.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,841 shares of the conglomerate’s stock after selling 20,666 shares during the quarter. Shamrock Asset Management LLC’s holdings in General Electric were worth $119,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Barrow Hanley Mewhinney & Strauss LLC raised its stake in General Electric by 4,215.4% in the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 54,124,364 shares of the conglomerate’s stock valued at $1,308,727,000 after purchasing an additional 52,870,164 shares during the last quarter. Franklin Resources Inc. raised its stake in General Electric by 43.8% in the 2nd quarter. Franklin Resources Inc. now owns 78,024,403 shares of the conglomerate’s stock valued at $2,107,438,000 after purchasing an additional 23,764,129 shares during the last quarter. BlackRock Inc. raised its stake in General Electric by 3.9% in the 2nd quarter. BlackRock Inc. now owns 517,315,514 shares of the conglomerate’s stock valued at $13,972,691,000 after purchasing an additional 19,422,516 shares during the last quarter. Capital Research Global Investors raised its stake in General Electric by 18.6% in the 2nd quarter. Capital Research Global Investors now owns 91,205,460 shares of the conglomerate’s stock valued at $2,463,459,000 after purchasing an additional 14,316,281 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in General Electric by 1,011.3% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 14,632,325 shares of the conglomerate’s stock valued at $395,219,000 after purchasing an additional 13,315,605 shares during the last quarter. 56.30% of the stock is owned by institutional investors and hedge funds.

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GE opened at $13.06 on Friday. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.87 and a quick ratio of 1.59. The stock has a market capitalization of $116,607.00, a price-to-earnings ratio of 12.79, a price-to-earnings-growth ratio of 2.61 and a beta of 1.02. General Electric has a 12 month low of $12.73 and a 12 month high of $30.54.

General Electric (NYSE:GE) last posted its quarterly earnings results on Wednesday, January 24th. The conglomerate reported $0.27 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.01). The business had revenue of $31.40 billion during the quarter, compared to analysts’ expectations of $33.93 billion. General Electric had a negative net margin of 4.74% and a positive return on equity of 11.60%. The firm’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.46 EPS. sell-side analysts forecast that General Electric will post 0.96 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 25th. Shareholders of record on Monday, February 26th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 3.68%. The ex-dividend date of this dividend is Friday, February 23rd. General Electric’s dividend payout ratio (DPR) is 45.71%.

In other General Electric news, insider Alexander Dimitrief purchased 2,689 shares of the stock in a transaction on 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.12% of the stock is owned by insiders.

GE has been the subject of several analyst reports. Stifel Nicolaus set a $18.00 target price on shares of General Electric and gave the company a “neutral” rating in a research note on Monday, December 11th. Tigress Financial reissued a “hold” rating on shares of General Electric in a research note on Thursday, December 28th. JPMorgan Chase reissued a “sell” rating and issued a $16.00 target price (down previously from $17.00) on shares of General Electric in a research note on Monday, January 8th. Vetr downgraded shares of General Electric from a “strong-buy” rating to a “buy” rating and set a $21.08 target price for the company. in a research note on Wednesday, January 10th. Finally, Deutsche Bank reissued a “sell” rating and issued a $15.00 target price on shares of General Electric in a research note on Wednesday, January 17th. Six analysts have rated the stock with a sell rating, twelve have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $18.09.

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General Electric Profile

General Electric Company operates as a digital industrial company worldwide. It operates through Power, Renewable Energy, Oil & Gas, Aviation, Healthcare, Transportation, Lighting, and Capital segments. The Power segment offers technologies, solutions, and services related to energy production, including gas and steam turbines, engines, generators, and high voltage equipment; and power generation services and digital solutions.

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

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