Warren Averett Asset Management LLC lowered its stake in shares of General Electric (NYSE:GE) by 2.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 101,047 shares of the conglomerate’s stock after selling 2,807 shares during the period. General Electric accounts for approximately 0.5% of Warren Averett Asset Management LLC’s portfolio, making the stock its 26th largest holding. Warren Averett Asset Management LLC’s holdings in General Electric were worth $2,443,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the business. Cribstone Capital Management LLC lifted its position in shares of General Electric by 4.8% during the third quarter. Cribstone Capital Management LLC now owns 86,553 shares of the conglomerate’s stock worth $2,113,000 after acquiring an additional 3,964 shares in the last quarter. Asset Management Advisors LLC increased its holdings in shares of General Electric by 24.2% in the third quarter. Asset Management Advisors LLC now owns 261,035 shares of the conglomerate’s stock worth $6,312,000 after purchasing an additional 50,857 shares during the period. Hardman Johnston Global Advisors LLC increased its holdings in shares of General Electric by 21.8% in the third quarter. Hardman Johnston Global Advisors LLC now owns 854,261 shares of the conglomerate’s stock worth $20,656,000 after purchasing an additional 152,930 shares during the period. Canada Pension Plan Investment Board increased its holdings in shares of General Electric by 44.2% in the third quarter. Canada Pension Plan Investment Board now owns 1,934,809 shares of the conglomerate’s stock worth $46,784,000 after purchasing an additional 592,866 shares during the period. Finally, Garrison Financial Corp increased its holdings in shares of General Electric by 2.9% in the third quarter. Garrison Financial Corp now owns 102,333 shares of the conglomerate’s stock worth $2,474,000 after purchasing an additional 2,915 shares during the period. Hedge funds and other institutional investors own 55.64% of the company’s stock.

General Electric (NYSE:GE) opened at $18.76 on Tuesday. The company has a market capitalization of $162,690.00, a price-to-earnings ratio of 21.81, a P/E/G ratio of 2.11 and a beta of 1.07. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.86 and a quick ratio of 1.53. General Electric has a 12 month low of $17.25 and a 12 month high of $31.45.

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

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 25th. Investors of record on Wednesday, December 27th will be paid a $0.12 dividend. The ex-dividend date is Tuesday, December 26th. This represents a $0.48 dividend on an annualized basis and a yield of 2.56%. General Electric’s dividend payout ratio is presently 55.81%.

Several research analysts have recently weighed in on the stock. Vetr cut shares of General Electric from a “strong-buy” rating to a “buy” rating and set a $21.08 price target on the stock. in a report on Wednesday, January 10th. JPMorgan Chase & Co. reaffirmed a “sell” rating on shares of General Electric in a report on Monday. Morgan Stanley cut shares of General Electric from an “equal weight” rating to an “underweight” rating and set a $22.00 price target on the stock. in a report on Monday, October 23rd. Stifel Nicolaus cut shares of General Electric from a “buy” rating to a “hold” rating and decreased their price target for the stock from $26.00 to $22.00 in a report on Tuesday, October 24th. Finally, Goldman Sachs Group set a $23.00 price target on shares of General Electric and gave the stock a “hold” rating in a report on Tuesday, October 17th. Six research analysts have rated the stock with a sell rating, eight have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $23.25.

In related news, Chairman John Leonard Flannery acquired 60,000 shares of General Electric stock in a transaction dated Wednesday, November 15th. The shares were purchased at an average cost of $18.27 per share, with a total value of $1,096,200.00. Following the completion of the purchase, the chairman now owns 575,477 shares of the company’s stock, valued at $10,513,964.79. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Steven M. Mollenkopf acquired 5,500 shares of General Electric stock in a transaction dated Thursday, November 16th. The shares were bought at an average cost of $18.24 per share, for a total transaction of $100,320.00. Following the completion of the purchase, the director now directly owns 5,500 shares of the company’s stock, valued at approximately $100,320. The disclosure for this purchase can be found here. In the last three months, insiders purchased 120,500 shares of company stock worth $2,183,220. 0.36% of the stock is owned by insiders.

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General Electric Company Profile

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

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