DE Burlo Group Inc. boosted its position in General Electric Co. (NYSE:GE) by 1.8% during the second quarter, Holdings Channel reports. The institutional investor owned 8,696 shares of the company’s stock after buying an additional 157 shares during the period. DE Burlo Group Inc.’s holdings in General Electric were worth $273,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Catamount Wealth Management raised its stake in shares of General Electric by 35.3% in the first quarter. Catamount Wealth Management now owns 3,451 shares of the company’s stock worth $110,000 after buying an additional 901 shares in the last quarter. James Investment Research Inc. raised its stake in shares of General Electric by 2.6% in the second quarter. James Investment Research Inc. now owns 5,850 shares of the company’s stock worth $184,000 after buying an additional 150 shares in the last quarter. Cranbrook Wealth Management LLC raised its stake in shares of General Electric by 20.1% in the second quarter. Cranbrook Wealth Management LLC now owns 5,984 shares of the company’s stock worth $188,000 after buying an additional 1,000 shares in the last quarter. Barry Investment Advisors LLC raised its stake in shares of General Electric by 0.7% in the second quarter. Barry Investment Advisors LLC now owns 6,871 shares of the company’s stock worth $216,000 after buying an additional 50 shares in the last quarter. Finally, Northwest Investment Counselors LLC raised its stake in shares of General Electric by 2.7% in the second quarter. Northwest Investment Counselors LLC now owns 6,860 shares of the company’s stock worth $216,000 after buying an additional 182 shares in the last quarter. Institutional investors and hedge funds own 55.81% of the company’s stock.
General Electric Co. (NYSE:GE) traded down 0.65% during mid-day trading on Friday, hitting $29.08. The company had a trading volume of 37,840,132 shares. The firm has a market cap of $260.59 billion, a P/E ratio of 24.58 and a beta of 1.15. The stock’s 50 day moving average price is $30.31 and its 200 day moving average price is $30.77. General Electric Co. has a 52-week low of $27.10 and a 52-week high of $33.00.
General Electric (NYSE:GE) last announced its quarterly earnings data on Friday, July 22nd. The company reported $0.51 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.05. General Electric had a return on equity of 15.04% and a net margin of 9.14%. The firm had revenue of $33.49 million for the quarter, compared to analysts’ expectations of $31.76 billion. During the same quarter in the prior year, the firm posted $0.31 earnings per share. General Electric’s revenue for the quarter was up 14.6% compared to the same quarter last year. On average, equities research analysts predict that General Electric Co. will post $1.50 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 25th. Shareholders of record on Monday, September 19th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 3.16%. The ex-dividend date of this dividend is Thursday, September 15th. General Electric’s payout ratio is currently 77.97%.
A number of research analysts have issued reports on the company. Credit Suisse Group AG reissued a “buy” rating on shares of General Electric in a report on Saturday, July 9th. Oppenheimer Holdings Inc. reissued a “market perform” rating on shares of General Electric in a report on Tuesday, June 28th. Vetr downgraded General Electric from a “buy” rating to a “hold” rating and set a $30.93 price target for the company. in a report on Tuesday, June 14th. JPMorgan Chase & Co. reissued a “sell” rating on shares of General Electric in a report on Wednesday, June 29th. Finally, William Blair set a $38.00 price target on General Electric and gave the company a “buy” rating in a report on Thursday, September 8th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $32.81.
In other news, Chairman Jeffrey R. Immelt acquired 50,000 shares of the business’s stock in a transaction on Tuesday, July 26th. The shares were purchased at an average price of $31.45 per share, for a total transaction of $1,572,500.00. Following the completion of the purchase, the chairman now directly owns 2,198,688 shares of the company’s stock, valued at approximately $69,148,737.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.23% of the company’s stock.
General Electric Company Profile
Want to see what other hedge funds are holding GE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for General Electric Co. (NYSE:GE).
Receive News & Ratings for General Electric Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Electric Co. and related companies with MarketBeat.com's FREE daily email newsletter.