Garde Capital Inc. Has $512,000 Stake in General Electric Company (GE)
Garde Capital Inc. lifted its stake in General Electric Company (NYSE:GE) by 92.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,949 shares of the conglomerate’s stock after purchasing an additional 9,116 shares during the period. Garde Capital Inc.’s holdings in General Electric were worth $512,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of GE. Washington Capital Management Inc. increased its stake in General Electric by 24.3% in the 2nd quarter. Washington Capital Management Inc. now owns 79,765 shares of the conglomerate’s stock worth $2,154,000 after buying an additional 15,590 shares in the last quarter. Markel Corp purchased a new stake in General Electric in the 2nd quarter worth $1,080,000. Dumont & Blake Investment Advisors LLC increased its stake in General Electric by 0.6% in the 2nd quarter. Dumont & Blake Investment Advisors LLC now owns 108,852 shares of the conglomerate’s stock worth $2,940,000 after buying an additional 612 shares in the last quarter. Papp L Roy & Associates increased its stake in General Electric by 1.0% in the 2nd quarter. Papp L Roy & Associates now owns 29,835 shares of the conglomerate’s stock worth $806,000 after buying an additional 300 shares in the last quarter. Finally, Univest Corp of Pennsylvania increased its stake in General Electric by 27.2% in the 2nd quarter. Univest Corp of Pennsylvania now owns 39,461 shares of the conglomerate’s stock worth $1,066,000 after buying an additional 8,433 shares in the last quarter. Hedge funds and other institutional investors own 54.53% of the company’s stock.
In other General Electric news, Vice Chairman Elizabeth J. Comstock sold 24,693 shares of the business’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $25.65, for a total value of $633,375.45. Following the transaction, the insider now directly owns 175,717 shares in the company, valued at approximately $4,507,141.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO John Leonard Flannery bought 103,983 shares of the firm’s stock in a transaction on Tuesday, August 8th. The stock was purchased at an average price of $25.56 per share, for a total transaction 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 $13,021,030.80. The disclosure for this purchase can be found here. Insiders own 0.36% of the company’s stock.
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General Electric Company (NYSE GE) opened at 20.16 on Wednesday. The company has a 50 day moving average of $23.49 and a 200-day moving average of $26.09. The company has a market cap of $174.54 billion, a P/E ratio of 24.56 and a beta of 1.19. General Electric Company has a one year low of $20.05 and a one year high of $32.38.
General Electric (NYSE:GE) last posted its earnings results on Friday, October 20th. The conglomerate reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.20). The firm had revenue of $33.47 billion during the quarter, compared to analyst estimates of $32.51 billion. General Electric had a net margin of 6.08% and a return on equity of 13.73%. The business’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.32 earnings per share. On average, equities analysts expect that General Electric Company will post $1.07 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, October 25th. Shareholders of record on Monday, September 18th were issued a $0.24 dividend. The ex-dividend date was Friday, September 15th. This represents a $0.96 annualized dividend and a yield of 4.76%. General Electric’s payout ratio is 120.00%.
A number of equities research analysts have issued reports on GE shares. UBS AG reiterated a “buy” rating and issued a $31.00 price target (down previously from $35.00) on shares of General Electric in a research note on Tuesday, July 25th. Vetr lowered General Electric from a “strong-buy” rating to a “buy” rating and set a $25.63 price target for the company. in a research note on Wednesday, September 13th. Goldman Sachs Group, Inc. (The) set a $29.00 price target on General Electric and gave the stock a “neutral” rating in a research note on Friday, July 7th. Credit Suisse Group reiterated an “outperform” rating and issued a $33.00 price target on shares of General Electric in a research note on Saturday, July 22nd. Finally, J P Morgan Chase & Co reiterated an “underweight” rating and issued a $22.00 price target on shares of General Electric in a research note on Thursday, September 7th. Six analysts have rated the stock with a sell rating, six have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $26.02.
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