Valmark Advisers Inc. Grows Holdings in General Electric Company (GE)

Valmark Advisers Inc. grew its position in General Electric Company (NYSE:GE) by 1.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,797 shares of the conglomerate’s stock after purchasing an additional 138 shares during the period. Valmark Advisers Inc.’s holdings in General Electric were worth $265,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Ullmann Financial Group Inc. purchased a new stake in shares of General Electric in the first quarter valued at about $106,000. PHH Investments Ltd. raised its holdings in shares of General Electric by 105.0% in the first 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 during the last quarter. Oakmont Partners LLC raised its holdings in shares of General Electric by 3.6% in the second quarter. Oakmont Partners LLC now owns 8,034 shares of the conglomerate’s stock valued at $217,000 after purchasing an additional 278 shares during the last quarter. Cascade Investment Advisors Inc. raised its holdings in shares of General Electric by 25.2% in the second 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 during the last quarter. Finally, Barber Financial Group Inc. raised its holdings in shares of General Electric by 3.1% in the first quarter. Barber Financial Group Inc. now owns 7,363 shares of the conglomerate’s stock valued at $219,000 after purchasing an additional 220 shares during the last quarter. Institutional investors own 54.38% of the company’s stock.

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A number of analysts recently issued reports on GE shares. Vetr upgraded shares of General Electric from a “buy” rating to a “strong-buy” rating and set a $30.48 price objective for the company in a report on Monday, July 10th. Citigroup Inc. restated a “buy” rating and set a $34.00 price objective (down previously from $36.00) on shares of General Electric in a report on Monday, July 10th. Morgan Stanley restated an “equal weight” rating and set a $27.00 price objective on shares of General Electric in a report on Monday, July 17th. Cowen and Company restated a “hold” rating and set a $27.00 price objective on shares of General Electric in a report on Monday, July 17th. Finally, Credit Suisse Group restated an “outperform” rating and set a $33.00 price objective on shares of General Electric in a report on Saturday, July 22nd. Six investment analysts have rated the stock with a sell rating, six have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. General Electric presently has a consensus rating of “Hold” and a consensus target price of $25.84.

Shares of General Electric Company (NYSE:GE) opened at $20.14 on Monday. The firm has a market cap of $174,655.78, a P/E ratio of 16.24, a P/E/G ratio of 2.11 and a beta of 1.11. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.86 and a quick ratio of 1.53. General Electric Company has a one year low of $19.63 and a one year high of $32.38.

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

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

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

About General Electric

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

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