General Electric Company (GE) Shares Bought by Aldebaran Financial Inc.
Aldebaran Financial Inc. boosted its position in shares of General Electric Company (NYSE:GE) by 6.9% during the first quarter, according to its most recent filing with the SEC. The firm owned 241,825 shares of the conglomerate’s stock after buying an additional 15,691 shares during the period. General Electric accounts for 5.5% of Aldebaran Financial Inc.’s portfolio, making the stock its largest position. Aldebaran Financial Inc.’s holdings in General Electric were worth $7,206,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Ullmann Financial Group Inc. bought a new stake in General Electric during the first quarter worth $106,000. Feltz Wealth PLAN Inc. bought a new stake in General Electric during the first quarter worth $114,000. PHH Investments Ltd. boosted its stake 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 buying an additional 2,000 shares during the last quarter. Heritage Way Advisors LLC bought a new stake in General Electric during the fourth quarter worth $205,000. Finally, Cable Hill Partners LLC boosted its stake in General Electric by 12.5% in the first quarter. Cable Hill Partners LLC now owns 7,037 shares of the conglomerate’s stock worth $210,000 after buying an additional 780 shares during the last quarter. 54.31% of the stock is currently owned by institutional investors and hedge funds.
Shares of General Electric Company (NYSE GE) traded down 0.0745% during midday trading on Monday, reaching $24.5317. 12,975,600 shares of the company’s stock were exchanged. The firm has a 50-day moving average of $25.95 and a 200-day moving average of $28.34. The stock has a market capitalization of $212.39 billion, a P/E ratio of 29.8803 and a beta of 1.21. General Electric Company has a 12-month low of $24.32 and a 12-month high of $32.38.
General Electric (NYSE:GE) last released its quarterly earnings results on Friday, July 21st. The conglomerate reported $0.28 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.03. The company had revenue of $29.56 billion for the quarter, compared to the consensus estimate of $29.07 billion. General Electric had a net margin of 6.45% and a return on equity of 14.59%. General Electric’s revenue was down 11.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.51 earnings per share. Analysts anticipate that General Electric Company will post $1.57 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 25th. Investors of record on Monday, June 19th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 3.91%. The ex-dividend date of this dividend was Thursday, June 15th. General Electric’s payout ratio is 118.52%.
A number of research firms have weighed in on GE. TheStreet cut shares of General Electric from a “b-” rating to a “c” rating in a research note on Friday, May 19th. Morgan Stanley reaffirmed an “equal weight” rating and set a $27.00 target price on shares of General Electric in a research note on Monday, July 17th. Stifel Nicolaus reaffirmed a “buy” rating on shares of General Electric in a research note on Wednesday, June 14th. Zacks Investment Research lowered shares of General Electric from a “hold” rating to a “sell” rating in a report on Wednesday, June 21st. Finally, Deutsche Bank AG lowered shares of General Electric from a “hold” rating to a “sell” rating and cut their price target for the stock from $28.00 to $24.00 in a report on Friday, May 12th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $30.08.
In related news, Vice Chairman Elizabeth J. Comstock sold 24,693 shares of the company’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $25.65, for a total transaction of $633,375.45. Following the sale, the insider now owns 175,717 shares of the company’s stock, valued at $4,507,141.05. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO John Leonard Flannery purchased 103,983 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The shares were acquired at an average cost of $25.56 per share, for a total transaction of $2,657,805.48. Following the purchase, the chief executive officer now owns 509,430 shares of the company’s stock, valued at $13,021,030.80. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 133,253 shares of company stock worth $3,404,264. 0.36% of the stock is owned by insiders.
General Electric Company Profile
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