Donald L. Hagan LLC Holds Position in General Electric Company (GE)

Donald L. Hagan LLC held its stake in General Electric Company (NYSE:GE) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,605 shares of the conglomerate’s stock at the end of the first quarter. Donald L. Hagan LLC’s holdings in General Electric Company were worth $227,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Norges Bank bought a new position in shares of General Electric Company during the fourth quarter worth approximately $2,383,193,000. Trustees of General Electric Pension Trust bought a new position in shares of General Electric Company during the fourth quarter worth approximately $1,038,590,000. Asset Management One Co. Ltd. raised its position in shares of General Electric Company by 848.2% in the fourth quarter. Asset Management One Co. Ltd. now owns 15,458,705 shares of the conglomerate’s stock worth $488,626,000 after buying an additional 13,828,422 shares during the last quarter. State Street Corp raised its position in shares of General Electric Company by 3.0% in the fourth quarter. State Street Corp now owns 357,567,340 shares of the conglomerate’s stock worth $11,299,139,000 after buying an additional 10,321,746 shares during the last quarter. Finally, Teachers Advisors LLC raised its position in shares of General Electric Company by 16.5% in the fourth quarter. Teachers Advisors LLC now owns 18,282,715 shares of the conglomerate’s stock worth $577,734,000 after buying an additional 2,592,455 shares during the last quarter. 54.25% of the stock is currently owned by institutional investors and hedge funds.

Shares of General Electric Company (NYSE GE) opened at 27.61 on Tuesday. The firm’s 50-day moving average is $28.27 and its 200 day moving average is $29.84. The stock has a market cap of $239.76 billion, a PE ratio of 28.12 and a beta of 1.25. General Electric Company has a 12 month low of $27.10 and a 12 month high of $33.00.

General Electric Company (NYSE:GE) last issued its earnings results on Friday, April 21st. The conglomerate reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.04. General Electric Company had a return on equity of 16.59% and a net margin of 7.48%. The business had revenue of $27.66 billion during the quarter, compared to the consensus estimate of $26.37 billion. During the same period last year, the company earned $0.21 EPS. The company’s revenue for the quarter was down .7% on a year-over-year basis. On average, equities analysts predict that General Electric Company will post $1.64 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 25th. Shareholders of record on Monday, June 19th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.48%. The ex-dividend date of this dividend is Thursday, June 15th. General Electric Company’s dividend payout ratio (DPR) is presently 97.96%.

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A number of equities analysts have recently commented on GE shares. Royal Bank Of Canada reissued an “outperform” rating and issued a $37.00 price target on shares of General Electric Company in a report on Monday, March 6th. Zacks Investment Research lowered shares of General Electric Company from a “hold” rating to a “sell” rating in a report on Tuesday, March 7th. J P Morgan Chase & Co set a $29.00 price target on shares of General Electric Company and gave the stock a “sell” rating in a report on Tuesday, March 14th. Barclays PLC reissued an “overweight” rating and issued a $36.00 price target on shares of General Electric Company in a report on Monday, March 20th. Finally, BMO Capital Markets reissued a “hold” rating on shares of General Electric Company in a report on Thursday, March 23rd. Five analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $31.35.

In other General Electric Company news, Director William G. Beattie acquired 16,000 shares of the business’s stock in a transaction that occurred on Monday, May 15th. The stock was purchased at an average cost of $28.05 per share, with a total value of $448,800.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Marijn E. Dekkers acquired 20,000 shares of the business’s stock in a transaction that occurred on Monday, April 24th. The shares were acquired at an average cost of $29.90 per share, with a total value of $598,000.00. Following the completion of the transaction, the director now directly owns 1,000 shares in the company, valued at approximately $29,900. The disclosure for this purchase can be found here. Insiders acquired a total of 140,000 shares of company stock valued at $3,964,600 over the last ninety days. Corporate insiders own 0.36% of the company’s stock.

General Electric Company Company Profile

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

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