Winslow Evans & Crocker Inc. Sells 14,271 Shares of General Electric (GE)

Winslow Evans & Crocker Inc. cut its holdings in General Electric (NYSE:GE) by 14.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 82,470 shares of the conglomerate’s stock after selling 14,271 shares during the quarter. Winslow Evans & Crocker Inc.’s holdings in General Electric were worth $1,994,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. Peak Financial Management Inc. boosted its holdings in shares of General Electric by 0.3% during the 2nd quarter. Peak Financial Management Inc. now owns 9,284 shares of the conglomerate’s stock valued at $251,000 after acquiring an additional 25 shares during the last quarter. Puplava Financial Services Inc. boosted its holdings in shares of General Electric by 0.4% during the 2nd quarter. Puplava Financial Services Inc. now owns 11,209 shares of the conglomerate’s stock valued at $303,000 after acquiring an additional 41 shares during the last quarter. Cutter & CO Brokerage Inc. lifted its stake in shares of General Electric by 0.3% in the 2nd quarter. Cutter & CO Brokerage Inc. now owns 20,620 shares of the conglomerate’s stock worth $557,000 after purchasing an additional 67 shares during the period. Northwest Wealth Management LLC lifted its stake in shares of General Electric by 0.8% in the 2nd quarter. Northwest Wealth Management LLC now owns 9,392 shares of the conglomerate’s stock worth $254,000 after purchasing an additional 75 shares during the period. Finally, NorthRock Partners LLC lifted its stake in shares of General Electric by 0.9% in the 2nd quarter. NorthRock Partners LLC now owns 8,842 shares of the conglomerate’s stock worth $241,000 after purchasing an additional 80 shares during the period. 55.61% of the stock is currently owned by hedge funds and other institutional investors.

General Electric (NYSE GE) opened at $17.50 on Friday. General Electric has a fifty-two week low of $17.36 and a fifty-two week high of $32.04. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.86 and a quick ratio of 1.53. The firm has a market cap of $151,760.00, a price-to-earnings ratio of 20.35, a P/E/G ratio of 1.89 and a beta of 1.06.

General Electric (NYSE:GE) last posted 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). 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 during the quarter, compared to analysts’ expectations of $32.51 billion. During the same period last year, the business posted $0.32 earnings per share. The company’s revenue for the quarter was up 11.5% compared to the same quarter last year. research analysts predict that General Electric will post 1.07 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 25th. Investors of record on Wednesday, December 27th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date of this dividend is Tuesday, December 26th. General Electric’s dividend payout ratio (DPR) is presently 111.63%.

Several equities analysts have recently weighed in on the stock. Vetr cut shares of General Electric from a “hold” rating to a “sell” rating and set a $23.72 price objective on the stock. in a research note on Monday, September 25th. Cowen restated a “hold” rating and set a $19.00 target price on shares of General Electric in a research note on Wednesday, November 8th. Deutsche Bank set a $21.00 target price on shares of General Electric and gave the stock a “sell” rating in a research note on Monday, October 23rd. J P Morgan Chase & Co restated an “underweight” rating on shares of General Electric in a research note on Thursday, September 21st. Finally, Goldman Sachs Group set a $23.00 target price on shares of General Electric and gave the stock a “hold” rating in a research note on Tuesday, October 17th. Six research analysts have rated the stock with a sell rating, seven have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $23.39.

In other news, Chairman John Leonard Flannery acquired 60,000 shares of the company’s stock in a transaction on Wednesday, November 15th. The stock was bought at an average cost of $18.27 per share, with a total value of $1,096,200.00. Following the completion of the purchase, the chairman now directly owns 575,477 shares of the company’s stock, valued at $10,513,964.79. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Francisco Dsouza acquired 55,000 shares of the company’s stock in a transaction on Monday, November 20th. The shares were purchased at an average cost of $17.94 per share, with a total value of $986,700.00. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 120,500 shares of company stock valued at $2,183,220. 0.36% of the stock is currently owned by insiders.

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About General Electric

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

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