General Electric Company (GE) Stake Lessened by Whitnell & Co.

Whitnell & Co. decreased its holdings in shares of General Electric Company (NYSE:GE) by 1.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,459 shares of the conglomerate’s stock after selling 1,400 shares during the period. Whitnell & Co.’s holdings in General Electric were worth $1,903,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Ullmann Financial Group Inc. purchased a new position in General Electric in the 1st quarter valued at $106,000. Feltz Wealth PLAN Inc. purchased a new position in General Electric in the 1st quarter valued at $114,000. PHH Investments Ltd. lifted its holdings in General Electric by 105.0% in the 1st quarter. PHH Investments Ltd. now owns 3,905 shares of the conglomerate’s stock valued at $116,000 after purchasing an additional 2,000 shares in the last quarter. Oakmont Partners LLC lifted its holdings in General Electric by 3.6% in the 2nd quarter. Oakmont Partners LLC now owns 8,034 shares of the conglomerate’s stock valued at $217,000 after purchasing an additional 278 shares in the last quarter. Finally, Cascade Investment Advisors Inc. lifted its holdings in General Electric by 25.2% in the 2nd quarter. Cascade Investment Advisors Inc. now owns 8,081 shares of the conglomerate’s stock valued at $218,000 after purchasing an additional 1,625 shares in the last quarter. Hedge funds and other institutional investors own 54.53% of the company’s stock.

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A number of brokerages have weighed in on GE. Vetr lowered General Electric from a “strong-buy” rating to a “buy” rating and set a $30.48 price objective on the stock. in a report on Tuesday, July 4th. J P Morgan Chase & Co restated an “underweight” rating and issued a $22.00 price objective (down previously from $27.00) on shares of General Electric in a report on Thursday, July 6th. Cowen and Company restated a “hold” rating and issued a $27.00 price objective on shares of General Electric in a report on Monday, July 17th. Morgan Stanley restated an “equal weight” rating and issued a $27.00 price objective on shares of General Electric in a report on Monday, July 17th. Finally, Goldman Sachs Group, Inc. (The) set a $29.00 price objective on General Electric and gave the company a “neutral” rating in a report on Friday, July 7th. Five analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $26.28.

In other General Electric news, CEO John Leonard Flannery purchased 103,983 shares of General Electric stock in a transaction that occurred on Tuesday, August 8th. The stock was purchased at an average price of $25.56 per share, with a total value of $2,657,805.48. Following the completion of the acquisition, the chief executive officer now owns 509,430 shares of the company’s stock, valued at approximately $13,021,030.80. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James S. Tisch purchased 100,000 shares of General Electric stock in a transaction that occurred on Tuesday, August 22nd. The stock was acquired at an average cost of $24.56 per share, with a total value of $2,456,000.00. The disclosure for this purchase can be found here. 0.36% of the stock is currently owned by company insiders.

General Electric Company (NYSE GE) opened at 20.79 on Monday. General Electric Company has a 52 week low of $20.64 and a 52 week high of $32.38. The stock has a market cap of $180.00 billion, a PE ratio of 25.32 and a beta of 1.19. The stock has a 50 day moving average price of $23.69 and a 200 day moving average price of $26.25.

General Electric (NYSE:GE) last posted its earnings results on Friday, October 20th. The conglomerate reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.20). General Electric had a net margin of 6.08% and a return on equity of 13.73%. The company had revenue of $33.47 billion during the quarter, compared to analyst estimates of $32.51 billion. During the same quarter last year, the business posted $0.32 EPS. General Electric’s quarterly revenue was up 11.5% compared to the same quarter last year. On average, equities analysts predict that General Electric Company will post $1.15 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 25th. Stockholders of record on Monday, September 18th were paid a $0.24 dividend. The ex-dividend date of this dividend was Friday, September 15th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.62%. General Electric’s dividend payout ratio (DPR) is currently 120.00%.

General Electric Company Profile

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

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