General Electric Company (GE) Stake Lowered by Altavista Wealth Management Inc.

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.

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

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%.

WARNING: This article was first posted by Mideast Time and is owned by of Mideast Time. If you are reading this article on another publication, it was stolen and reposted in violation of US & international copyright and trademark laws. The original version of this article can be accessed at https://www.mideasttime.com/general-electric-company-ge-stake-lowered-by-altavista-wealth-management-inc/1590092.html.

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

5 Day Chart for NYSE:GE

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 Company (NYSE:GE).

Receive News & Ratings for General Electric Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Electric Company and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply

 
© 2006-2017 Mideast Time.