General Electric Company (GE) Stake Decreased by Cambridge Trust Co.

Cambridge Trust Co. trimmed its stake in shares of General Electric Company (NYSE:GE) by 8.4% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 1,149,876 shares of the conglomerate’s stock after selling 105,799 shares during the quarter. General Electric comprises about 2.1% of Cambridge Trust Co.’s portfolio, making the stock its 12th biggest holding. Cambridge Trust Co.’s holdings in General Electric were worth $31,058,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Ullmann Financial Group Inc. bought a new stake in shares of General Electric during the 1st quarter valued at $106,000. PHH Investments Ltd. lifted its position in shares of General Electric by 105.0% during the 1st quarter. PHH Investments Ltd. now owns 3,905 shares of the conglomerate’s stock worth $116,000 after buying an additional 2,000 shares during the last quarter. Oakmont Partners LLC lifted its position in shares of General Electric by 3.6% during the 2nd quarter. Oakmont Partners LLC now owns 8,034 shares of the conglomerate’s stock worth $217,000 after buying an additional 278 shares during the last quarter. Cascade Investment Advisors Inc. lifted its position in shares of General Electric by 25.2% during the 2nd quarter. Cascade Investment Advisors Inc. now owns 8,081 shares of the conglomerate’s stock worth $218,000 after buying an additional 1,625 shares during the last quarter. Finally, Barber Financial Group Inc. lifted its position in shares of General Electric by 3.1% during the 1st quarter. Barber Financial Group Inc. now owns 7,363 shares of the conglomerate’s stock worth $219,000 after buying an additional 220 shares during the last quarter. Hedge funds and other institutional investors own 54.53% of the company’s stock.

Shares of General Electric Company (NYSE:GE) opened at $20.14 on Friday. General Electric Company has a 52-week low of $19.63 and a 52-week high of $32.38. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.56 and a current ratio of 1.86. The company has a market capitalization of $174,655.78, a PE ratio of 16.24, a P/E/G ratio of 2.11 and a beta of 1.11.

General Electric (NYSE:GE) last announced its earnings results on Friday, October 20th. The conglomerate reported $0.29 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.20). General Electric had a net margin of 6.08% and a return on equity of 13.72%. The business had revenue of $33.47 billion for the quarter, compared to the consensus estimate of $32.51 billion. During the same quarter in the previous year, the company earned $0.32 EPS. The firm’s revenue for the quarter was up 11.5% on a year-over-year basis. research analysts forecast that General Electric Company will post 1.06 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 25th. Investors of record on Monday, September 18th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, September 15th. This represents a $0.96 annualized dividend and a dividend yield of 4.77%. General Electric’s payout ratio is 120.00%.

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In related news, Vice Chairman Elizabeth J. Comstock sold 24,693 shares of the company’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $25.65, for a total transaction of $633,375.45. Following the sale, the insider now owns 175,717 shares in the company, valued at approximately $4,507,141.05. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO John Leonard Flannery bought 103,983 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The shares were acquired at an average price of $25.56 per share, for a total transaction of $2,657,805.48. Following the transaction, the chief executive officer now owns 509,430 shares in the company, valued at $13,021,030.80. The disclosure for this purchase can be found here. 0.36% of the stock is owned by corporate insiders.

Several analysts recently weighed in on the company. J P Morgan Chase & Co set a $22.00 price objective on General Electric and gave the stock a “sell” rating in a research report on Monday, July 24th. Morgan Stanley restated an “equal weight” rating and set a $27.00 price objective on shares of General Electric in a research report on Monday, July 17th. Stifel Nicolaus downgraded General Electric from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $26.00 to $22.00 in a research report on Tuesday, October 24th. Credit Suisse Group restated an “outperform” rating and set a $33.00 price objective on shares of General Electric in a research report on Saturday, July 22nd. Finally, Cowen and Company restated a “hold” rating and set a $27.00 price objective on shares of General Electric in a research report on Monday, July 17th. Six research analysts have rated the stock with a sell rating, six have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $25.84.

General Electric Company Profile

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

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