CAPROCK Group Inc. trimmed its holdings in shares of General Electric (NYSE:GE) by 10.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 117,402 shares of the conglomerate’s stock after selling 13,654 shares during the period. General Electric comprises about 0.6% of CAPROCK Group Inc.’s portfolio, making the stock its 29th largest position. CAPROCK Group Inc. owned approximately 0.17% of General Electric worth $2,867,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. Vanguard Group Inc. lifted its position in shares of General Electric by 0.6% during the second quarter. Vanguard Group Inc. now owns 600,238,644 shares of the conglomerate’s stock valued at $16,212,445,000 after buying an additional 3,297,890 shares during the last quarter. BlackRock Inc. lifted its position in shares of General Electric by 3.9% during the second quarter. BlackRock Inc. now owns 517,315,514 shares of the conglomerate’s stock valued at $13,972,691,000 after buying an additional 19,422,516 shares during the last quarter. Capital World Investors lifted its position in shares of General Electric by 8.6% during the second quarter. Capital World Investors now owns 141,322,676 shares of the conglomerate’s stock valued at $3,817,125,000 after buying an additional 11,194,678 shares during the last quarter. Capital Research Global Investors lifted its position in shares of General Electric by 18.6% during the second quarter. Capital Research Global Investors now owns 91,205,460 shares of the conglomerate’s stock valued at $2,463,459,000 after buying an additional 14,316,281 shares during the last quarter. Finally, Franklin Resources Inc. lifted its position in shares of General Electric by 43.8% during the second quarter. Franklin Resources Inc. now owns 78,024,403 shares of the conglomerate’s stock valued at $2,107,438,000 after buying an additional 23,764,129 shares during the last quarter. Institutional investors own 55.62% of the company’s stock.

Several analysts have commented on GE shares. JPMorgan Chase & Co. decreased their price target on shares of General Electric from $19.00 to $17.00 and set an “underweight” rating for the company in a research report on Wednesday, November 1st. Bank of America raised shares of General Electric from a “neutral” rating to a “buy” rating and set a $27.00 price objective for the company in a research report on Monday, October 23rd. Royal Bank of Canada set a $25.00 price objective on shares of General Electric and gave the company a “buy” rating in a research report on Monday, October 23rd. Morningstar reaffirmed a “buy” rating on shares of General Electric in a research report on Tuesday, November 14th. Finally, Citigroup set a $28.00 price objective on shares of General Electric and gave the company a “buy” rating in a research report on Monday, October 23rd. Six research analysts have rated the stock with a sell rating, seven have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and an average target price of $23.39.

In other news, Director Francisco Dsouza acquired 55,000 shares of the company’s stock in a transaction dated Monday, November 20th. The shares were acquired at an average price of $17.94 per share, with a total value of $986,700.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Steven M. Mollenkopf acquired 5,500 shares of the company’s stock in a transaction dated Thursday, November 16th. The shares were purchased at an average cost of $18.24 per share, for a total transaction of $100,320.00. Following the purchase, the director now directly owns 5,500 shares in the company, valued at $100,320. The disclosure for this purchase can be found here. Insiders have acquired a total of 120,500 shares of company stock valued at $2,183,220 over the last three months. 0.36% of the stock is currently owned by insiders.

General Electric (NYSE:GE) opened at $17.38 on Thursday. General Electric has a 1 year low of $17.31 and a 1 year high of $31.97. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.53 and a current ratio of 1.86. The stock has a market cap of $150,720.00, a P/E ratio of 20.21, a price-to-earnings-growth ratio of 1.90 and a beta of 1.06.

General Electric (NYSE:GE) last posted its quarterly earnings results on Friday, October 20th. The conglomerate reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.20). General Electric had a return on equity of 13.72% and a net margin of 6.08%. The business had revenue of $33.47 billion for the quarter, compared to analysts’ expectations of $32.51 billion. During the same period in the prior year, the business posted $0.32 earnings per share. The business’s quarterly revenue was up 11.5% compared to the same quarter last year. equities analysts predict that General Electric will post 1.07 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 25th. Shareholders of record on Wednesday, December 27th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date is Tuesday, December 26th. General Electric’s dividend payout ratio is presently 111.63%.

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

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