Altavista Wealth Management Inc. cut its position in shares of General Electric Company (NYSE:GE) by 1.2% during the fourth quarter, Holdings Channel reports. The fund owned 183,861 shares of the company’s stock after selling 2,324 shares during the period. General Electric Company makes up approximately 3.1% of Altavista Wealth Management Inc.’s portfolio, making the stock its 3rd largest position. Altavista Wealth Management Inc.’s holdings in General Electric Company were worth $5,810,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of the stock. Rothschild Investment Corp IL boosted its stake in shares of General Electric Company by 4.6% in the third quarter. Rothschild Investment Corp IL now owns 504,506 shares of the company’s stock worth $14,943,000 after buying an additional 22,344 shares during the last quarter. NBW Capital LLC purchased a new stake in General Electric Company during the third quarter valued at about $2,853,000. Leisure Capital Management boosted its stake in General Electric Company by 0.3% in the third quarter. Leisure Capital Management now owns 68,894 shares of the company’s stock valued at $2,041,000 after buying an additional 188 shares in the last quarter. Farmers & Merchants Investments Inc. boosted its stake in General Electric Company by 2.7% in the third quarter. Farmers & Merchants Investments Inc. now owns 350,485 shares of the company’s stock valued at $10,381,000 after buying an additional 9,113 shares in the last quarter. Finally, Horizon Investments LLC boosted its stake in General Electric Company by 73.7% in the fourth quarter. Horizon Investments LLC now owns 49,545 shares of the company’s stock valued at $1,565,000 after buying an additional 21,025 shares in the last quarter. 54.68% of the stock is currently owned by hedge funds and other institutional investors.
Shares of General Electric Company (NYSE:GE) opened at 29.44 on Tuesday. General Electric Company has a 1-year low of $28.19 and a 1-year high of $33.00. The stock has a market cap of $256.86 billion, a price-to-earnings ratio of 32.97 and a beta of 1.20. The stock’s 50 day moving average is $29.90 and its 200-day moving average is $30.23.
General Electric Company (NYSE:GE) last released its earnings results on Friday, January 20th. The company reported $0.46 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.46. General Electric Company had a return on equity of 15.99% and a net margin of 6.86%. The company had revenue of $33.10 billion for the quarter, compared to analysts’ expectations of $33.67 billion. During the same quarter in the previous year, the business posted $0.52 EPS. The business’s revenue for the quarter was down 2.4% on a year-over-year basis. On average, analysts anticipate that General Electric Company will post $1.63 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 25th. Shareholders of record on Monday, February 27th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Thursday, February 23rd. This represents a $0.96 annualized dividend and a yield of 3.26%. General Electric Company’s dividend payout ratio (DPR) is presently 106.67%.
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GE has been the topic of several analyst reports. Vetr raised shares of General Electric Company from a “hold” rating to a “buy” rating and set a $32.83 price target on the stock in a research note on Wednesday, December 14th. Barclays PLC reaffirmed an “overweight” rating and set a $36.00 price target on shares of General Electric Company in a research note on Monday, March 20th. Zacks Investment Research cut shares of General Electric Company from a “hold” rating to a “sell” rating in a research note on Tuesday, March 7th. JPMorgan Chase & Co. set a $29.00 price target on shares of General Electric Company and gave the stock a “sell” rating in a research note on Friday, January 13th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $37.00 price target on shares of General Electric Company in a research note on Thursday, January 5th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $33.37.
In other General Electric Company news, Vice Chairman David Leon Joyce sold 159,662 shares of General Electric Company stock in a transaction dated Friday, February 3rd. The stock was sold at an average price of $29.56, for a total transaction of $4,719,608.72. Following the transaction, the insider now owns 738,907 shares of the company’s stock, valued at approximately $21,842,090.92. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jeffrey S. Bornstein bought 5,000 shares of the stock in a transaction on Tuesday, January 31st. The shares were acquired at an average cost of $29.63 per share, for a total transaction of $148,150.00. Following the purchase, the insider now owns 68,757 shares in the company, valued at $2,037,269.91. The disclosure for this purchase can be found here. Insiders own 0.23% of the company’s stock.
About General Electric Company
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