Landmark Financial Advisors LLC reduced its position in General Electric Company (NYSE:GE) by 6.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 20,398 shares of the conglomerate’s stock after selling 1,362 shares during the period. General Electric Company comprises 0.5% of Landmark Financial Advisors LLC’s portfolio, making the stock its 28th largest position. Landmark Financial Advisors LLC’s holdings in General Electric Company were worth $645,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. State Street Corp boosted its position in shares of General Electric Company by 3.0% in the fourth quarter. State Street Corp now owns 357,567,340 shares of the conglomerate’s stock worth $11,299,139,000 after buying an additional 10,321,746 shares during the period. FMR LLC boosted its position in General Electric Company by 0.7% in the fourth quarter. FMR LLC now owns 130,741,961 shares of the conglomerate’s stock valued at $4,131,446,000 after buying an additional 900,672 shares during the period. Fisher Asset Management LLC boosted its position in General Electric Company by 0.4% in the third quarter. Fisher Asset Management LLC now owns 31,455,841 shares of the conglomerate’s stock valued at $931,722,000 after buying an additional 140,857 shares during the period. Mitsubishi UFJ Trust & Banking Corp boosted its position in General Electric Company by 1.5% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 19,678,692 shares of the conglomerate’s stock valued at $582,883,000 after buying an additional 293,566 shares during the period. Finally, State of New Jersey Common Pension Fund D boosted its position in General Electric Company by 0.8% in the third quarter. State of New Jersey Common Pension Fund D now owns 9,690,000 shares of the conglomerate’s stock valued at $287,018,000 after buying an additional 80,000 shares during the period. 54.68% of the stock is currently owned by institutional investors and hedge funds.
Shares of General Electric Company (NYSE:GE) traded down 2.38% during mid-day trading on Friday, reaching $29.55. The company’s stock had a trading volume of 73,749,991 shares. General Electric Company has a 12-month low of $28.19 and a 12-month high of $33.00. The firm’s 50-day moving average price is $29.83 and its 200 day moving average price is $30.22. The firm has a market cap of $257.82 billion, a P/E ratio of 33.09 and a beta of 1.20. General Electric Company also was the recipient of some unusual options trading on Thursday. Traders bought 2,590 call options on the stock. This is an increase of approximately 143% compared to the typical daily volume of 1,064 call options.
General Electric Company (NYSE:GE) last posted its earnings results on Friday, April 21st. The conglomerate reported $0.21 EPS for the quarter, beating the consensus estimate of $0.17 by $0.04. The firm had revenue of $27.66 billion for the quarter, compared to analyst estimates of $26.37 billion. General Electric Company had a return on equity of 15.99% and a net margin of 6.86%. General Electric Company’s revenue for the quarter was down .7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.21 earnings per share. On average, analysts expect that General Electric Company will post $1.63 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 25th. Shareholders of record on Monday, February 27th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Thursday, February 23rd. This represents a $0.96 annualized dividend and a yield of 3.25%. General Electric Company’s dividend payout ratio is presently 106.67%.
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Several equities analysts have recently issued reports on the company. Vetr cut General Electric Company from a “buy” rating to a “hold” rating and set a $30.43 target price on the stock. in a research note on Friday, April 14th. William Blair restated a “buy” rating on shares of General Electric Company in a research report on Saturday, April 1st. Royal Bank of Canada restated a “buy” rating and set a $37.00 price target on shares of General Electric Company in a research report on Thursday, January 5th. Credit Suisse Group AG restated a “buy” rating and set a $34.00 price target on shares of General Electric Company in a research report on Tuesday, April 11th. Finally, Stifel Nicolaus set a $34.00 price target on General Electric Company and gave the company a “buy” rating in a research report on Tuesday, January 17th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the stock. General Electric Company presently has an average rating of “Hold” and an average target price of $33.02.
In related news, insider Jeffrey S. Bornstein acquired 5,000 shares of the firm’s stock in a transaction on Tuesday, January 31st. The stock was bought at an average price of $29.63 per share, for a total transaction of $148,150.00. Following the completion of the purchase, the insider now directly owns 68,757 shares of the company’s stock, valued at approximately $2,037,269.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Vice Chairman David Leon Joyce sold 159,662 shares of the company’s stock in a transaction on Friday, February 3rd. The shares were sold at an average price of $29.56, for a total transaction of $4,719,608.72. Following the completion of the transaction, the insider now owns 738,907 shares of the company’s stock, valued at approximately $21,842,090.92. The disclosure for this sale can be found here. Corporate insiders own 0.23% of the company’s stock.
General Electric Company Company Profile
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