DDD Partners LLC raised its position in General Electric (NYSE:GE) by 5.2% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 246,531 shares of the conglomerate’s stock after buying an additional 12,151 shares during the period. DDD Partners LLC’s holdings in General Electric were worth $3,323,000 as of its most recent filing with the SEC.
A number of other large investors have also recently bought and sold shares of the business. Santori & Peters Inc. purchased a new position in General Electric in the 4th quarter valued at approximately $120,000. Greenwich Wealth Management LLC purchased a new position in General Electric in the 1st quarter valued at approximately $139,000. Glassman Wealth Services grew its stake in General Electric by 101.2% in the 1st quarter. Glassman Wealth Services now owns 11,272 shares of the conglomerate’s stock valued at $152,000 after buying an additional 5,669 shares in the last quarter. Squar Milner Financial Services LLC purchased a new position in General Electric in the 4th quarter valued at approximately $164,000. Finally, Dragon Financial & Investment Group LLC purchased a new position in General Electric in the 1st quarter valued at approximately $175,000. Hedge funds and other institutional investors own 53.87% of the company’s stock.
In other news, major shareholder Electric Co General sold 3,883,000 shares of General Electric stock in a transaction on Tuesday, April 24th. The shares were sold at an average price of $15.00, for a total transaction of $58,245,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.12% of the company’s stock.
Shares of General Electric opened at $13.37 on Thursday, MarketBeat Ratings reports. The company has a quick ratio of 1.48, a current ratio of 1.76 and a debt-to-equity ratio of 1.44. General Electric has a one year low of $12.61 and a one year high of $27.56. The firm has a market capitalization of $116.09 billion, a price-to-earnings ratio of 12.73, a PEG ratio of 2.56 and a beta of 1.02.
General Electric (NYSE:GE) last posted its quarterly earnings data on Friday, April 20th. The conglomerate reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.05. General Electric had a negative net margin of 6.16% and a positive return on equity of 11.22%. The company had revenue of $28.66 billion during the quarter, compared to the consensus estimate of $27.26 billion. During the same period in the previous year, the firm posted $0.14 EPS. The firm’s revenue was up 6.6% compared to the same quarter last year. equities analysts expect that General Electric will post 0.95 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 25th. Stockholders of record on Monday, June 18th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.59%. The ex-dividend date of this dividend is Friday, June 15th. General Electric’s dividend payout ratio is currently 45.71%.
GE has been the subject of a number of recent research reports. JPMorgan Chase & Co. set a $11.00 price objective on shares of General Electric and gave the company a “sell” rating in a research note on Friday, April 27th. Citigroup reiterated a “buy” rating on shares of General Electric in a research note on Tuesday, May 22nd. UBS Group reiterated a “neutral” rating and issued a $16.00 price objective on shares of General Electric in a research note on Thursday, May 17th. Credit Suisse Group reiterated a “neutral” rating and issued a $15.00 price objective on shares of General Electric in a research note on Friday, April 27th. Finally, William Blair reiterated a “buy” rating on shares of General Electric in a research note on Monday, April 23rd. Six investment analysts have rated the stock with a sell rating, eleven have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $17.44.
About General Electric
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.
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