General Electric Company (GE) Holdings Boosted by Woodstock Corp
Woodstock Corp boosted its holdings in shares of General Electric Company (NYSE:GE) by 0.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 403,113 shares of the conglomerate’s stock after buying an additional 36 shares during the quarter. General Electric makes up approximately 2.1% of Woodstock Corp’s investment portfolio, making the stock its 10th largest position. Woodstock Corp’s holdings in General Electric were worth $10,888,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in GE. Harris Associates L P increased its position in General Electric by 26.4% during the first quarter. Harris Associates L P now owns 46,376,143 shares of the conglomerate’s stock worth $1,382,009,000 after buying an additional 9,681,420 shares during the last quarter. UBS Oconnor LLC increased its position in General Electric by 795.5% during the first quarter. UBS Oconnor LLC now owns 2,025,000 shares of the conglomerate’s stock worth $60,345,000 after buying an additional 1,798,877 shares during the last quarter. Nationwide Fund Advisors increased its position in General Electric by 41.6% during the first quarter. Nationwide Fund Advisors now owns 5,420,262 shares of the conglomerate’s stock worth $161,524,000 after buying an additional 1,591,790 shares during the last quarter. Candriam Luxembourg S.C.A. increased its position in General Electric by 134.7% during the first quarter. Candriam Luxembourg S.C.A. now owns 2,151,496 shares of the conglomerate’s stock worth $64,118,000 after buying an additional 1,234,776 shares during the last quarter. Finally, WINTON GROUP Ltd acquired a new position in General Electric during the first quarter worth approximately $35,777,000. 54.69% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director James S. Tisch acquired 100,000 shares of the company’s stock in a transaction dated Tuesday, August 22nd. The stock was bought at an average cost of $24.56 per share, with a total value of $2,456,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO John Leonard Flannery acquired 103,983 shares of the company’s stock in a transaction dated Tuesday, August 8th. The shares were bought at an average cost of $25.56 per share, with a total value of $2,657,805.48. Following the completion of the acquisition, the chief executive officer now directly owns 509,430 shares in the company, valued at approximately $13,021,030.80. The disclosure for this purchase can be found here. Insiders have bought a total of 233,253 shares of company stock valued at $5,860,264 over the last ninety days. 0.36% of the stock is currently owned by insiders.
ILLEGAL ACTIVITY NOTICE: “General Electric Company (GE) Holdings Boosted by Woodstock Corp” was reported by TheOlympiaReport and is owned by of TheOlympiaReport. If you are reading this story on another publication, it was illegally stolen and reposted in violation of international copyright and trademark law. The correct version of this story can be viewed at https://theolympiareport.com/2017/10/12/general-electric-company-ge-holdings-boosted-by-woodstock-corp.html.
Shares of General Electric Company (GE) traded down 0.3264% on Thursday, hitting $22.9947. The stock had a trading volume of 37,422,408 shares. The firm has a 50-day moving average of $24.33 and a 200 day moving average of $26.85. The company has a market capitalization of $199.09 billion, a PE ratio of 28.0082 and a beta of 1.19. General Electric Company has a 1-year low of $22.83 and a 1-year high of $32.38.
General Electric (NYSE:GE) last posted its quarterly earnings data on Friday, July 21st. The conglomerate reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.03. General Electric had a net margin of 6.45% and a return on equity of 14.59%. The company had revenue of $29.56 billion during the quarter, compared to the consensus estimate of $29.07 billion. During the same period in the previous year, the firm posted $0.51 EPS. The firm’s revenue was down 11.8% compared to the same quarter last year. On average, equities analysts anticipate that General Electric Company will post $1.53 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Monday, September 18th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.16%. The ex-dividend date of this dividend is Friday, September 15th. General Electric’s dividend payout ratio is currently 118.52%.
Several equities analysts have recently commented on the company. Stifel Nicolaus reaffirmed a “buy” rating on shares of General Electric in a research report on Wednesday, June 14th. Vetr downgraded General Electric from a “strong-buy” rating to a “buy” rating and set a $30.48 target price on the stock. in a research report on Tuesday, July 4th. Citigroup Inc. reaffirmed a “buy” rating and issued a $34.00 target price (down previously from $36.00) on shares of General Electric in a research report on Monday, July 10th. UBS AG reaffirmed a “buy” rating and issued a $31.00 target price (down previously from $35.00) on shares of General Electric in a research report on Tuesday, July 25th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $31.00 target price on shares of General Electric in a research report on Friday, September 15th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $28.16.
General Electric Company Profile
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 Analyst Ratings Network's FREE daily email newsletter.