Budros Ruhlin & Roe Inc. reduced its position in shares of General Electric Company (NYSE:GE) by 1.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 75,502 shares of the conglomerate’s stock after selling 734 shares during the period. General Electric accounts for about 0.7% of Budros Ruhlin & Roe Inc.’s holdings, making the stock its 18th biggest position. Budros Ruhlin & Roe Inc. owned approximately 0.11% of General Electric worth $2,039,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GE. Ullmann Financial Group Inc. bought a new stake in General Electric in the first quarter worth about $106,000. PHH Investments Ltd. raised its position in General Electric by 105.0% in the first quarter. PHH Investments Ltd. now owns 3,905 shares of the conglomerate’s stock worth $116,000 after acquiring an additional 2,000 shares during the period. Barber Financial Group Inc. raised its position in General Electric by 3.1% in the first quarter. Barber Financial Group Inc. now owns 7,363 shares of the conglomerate’s stock worth $219,000 after acquiring an additional 220 shares during the period. Flaharty Asset Management LLC bought a new stake in General Electric in the first quarter worth about $226,000. Finally, Oakmont Partners LLC raised its position in General Electric by 3.6% in the second quarter. Oakmont Partners LLC now owns 8,034 shares of the conglomerate’s stock worth $217,000 after acquiring an additional 278 shares during the period. 55.74% of the stock is currently owned by institutional investors.
GE has been the subject of several recent research reports. Goldman Sachs Group set a $19.00 target price on shares of General Electric and gave the stock a “neutral” rating in a research note on Thursday, November 30th. Deutsche Bank reduced their target price on shares of General Electric from $18.00 to $15.00 and set a “sell” rating for the company in a research note on Tuesday, November 21st. J P Morgan Chase & Co set a $17.00 target price on shares of General Electric and gave the stock a “sell” rating in a research note on Wednesday, November 15th. Bank of America reiterated a “buy” rating and issued a $23.00 target price (down previously from $27.00) on shares of General Electric in a research note on Tuesday, November 14th. Finally, Morningstar reiterated a “buy” rating on shares of General Electric in a research note on Tuesday, November 14th. Six analysts have rated the stock with a sell rating, seven have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $24.31.
Shares of General Electric Company (NYSE:GE) traded down $0.02 during trading hours on Wednesday, reaching $17.75. 10,040,627 shares of the company traded hands, compared to its average volume of 45,115,824. The stock has a market capitalization of $155,663.94, a PE ratio of 14.48, a P/E/G ratio of 1.94 and a beta of 1.06. General Electric Company has a 12 month low of $17.46 and a 12 month high of $32.38. The company has a current ratio of 1.86, a quick ratio of 1.53 and a debt-to-equity ratio of 1.14.
General Electric (NYSE:GE) last issued its quarterly earnings data on Friday, October 20th. The conglomerate reported $0.29 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.20). The firm had revenue of $33.47 billion for 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%. General Electric’s revenue was up 11.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.32 EPS. equities analysts anticipate that General Electric Company will post 1.07 earnings per share for the current year.
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