General Electric (NYSE:GE) Holdings Lowered by Rosenbaum Jay D.
Rosenbaum Jay D. trimmed its stake in shares of General Electric (NYSE:GE) by 6.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,600 shares of the conglomerate’s stock after selling 1,500 shares during the quarter. Rosenbaum Jay D.’s holdings in General Electric were worth $237,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in the business. Allen Investment Management LLC grew its position in General Electric by 50.4% during the fourth quarter. Allen Investment Management LLC now owns 832,696 shares of the conglomerate’s stock valued at $6,304,000 after purchasing an additional 278,936 shares in the last quarter. Oregon Public Employees Retirement Fund grew its stake in General Electric by 1,719.1% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 17,319,274 shares of the conglomerate’s stock valued at $2,288,000 after purchasing an additional 16,367,170 shares during the period. WINTON GROUP Ltd bought a new position in General Electric in the 4th quarter valued at $6,507,000. CNB Bank grew its stake in General Electric by 7.0% in the 4th quarter. CNB Bank now owns 34,786 shares of the conglomerate’s stock valued at $263,000 after purchasing an additional 2,288 shares during the period. Finally, Cornell Pochily Investment Advisors Inc. grew its stake in General Electric by 114.2% in the 4th quarter. Cornell Pochily Investment Advisors Inc. now owns 32,487 shares of the conglomerate’s stock valued at $246,000 after purchasing an additional 17,317 shares during the period. Institutional investors own 57.49% of the company’s stock.
A number of analysts recently issued reports on the company. William Blair reissued a “buy” rating on shares of General Electric in a report on Thursday, June 13th. UBS Group cut General Electric from a “buy” rating to a “neutral” rating and lowered their price target for the company from $13.00 to $11.50 in a report on Monday, July 15th. JPMorgan Chase & Co. reaffirmed a “sell” rating on shares of General Electric in a report on Wednesday, July 31st. Deutsche Bank set a $10.00 price target on General Electric and gave the company a “hold” rating in a report on Thursday, May 2nd. Finally, Citigroup set a $14.00 price target on General Electric and gave the company a “buy” rating in a report on Wednesday, June 19th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $11.68.
Shares of GE stock traded down $1.05 during trading hours on Thursday, reaching $7.98. The company’s stock had a trading volume of 216,820,984 shares, compared to its average volume of 61,059,360. The company has a market capitalization of $78.98 billion, a PE ratio of 12.28, a P/E/G ratio of 1.96 and a beta of 1.03. General Electric has a one year low of $6.66 and a one year high of $13.78. The business’s fifty day moving average is $10.13. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.73 and a quick ratio of 1.44.
General Electric (NYSE:GE) last issued its quarterly earnings data on Wednesday, July 31st. The conglomerate reported $0.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.05. The firm had revenue of $28.83 billion for the quarter, compared to analyst estimates of $28.83 billion. General Electric had a positive return on equity of 10.64% and a negative net margin of 15.38%. The business’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same period last year, the company earned $0.19 EPS. Analysts expect that General Electric will post 0.64 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 25th. Shareholders of record on Monday, July 1st were paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date of this dividend was Friday, June 28th. General Electric’s payout ratio is 6.15%.
General Electric Profile
General Electric Company operates as a high-tech industrial company worldwide. It operates through Power, Renewable Energy, Aviation, Oil & Gas, Healthcare, Transportation, Lighting, and Capital segments. The Power segment offers technologies, solutions, and services related to energy production, including gas and steam turbines, generators, and high voltage equipment; and power generation services.
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