Kovitz Investment Group Partners LLC trimmed its holdings in General Electric Company (NYSE:GE) by 3.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 93,250 shares of the conglomerate’s stock after selling 3,795 shares during the quarter. Kovitz Investment Group Partners LLC’s holdings in General Electric were worth $2,519,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also made changes to their positions in the company. Ullmann Financial Group Inc. bought a new stake in General Electric in the 1st quarter valued at about $106,000. PHH Investments Ltd. increased its position in General Electric by 105.0% in the 1st quarter. PHH Investments Ltd. now owns 3,905 shares of the conglomerate’s stock valued at $116,000 after buying an additional 2,000 shares in the last quarter. Oakmont Partners LLC increased its position in General Electric by 3.6% in the 2nd quarter. Oakmont Partners LLC now owns 8,034 shares of the conglomerate’s stock valued at $217,000 after buying an additional 278 shares in the last quarter. Cascade Investment Advisors Inc. increased its position in General Electric by 25.2% in the 2nd quarter. Cascade Investment Advisors Inc. now owns 8,081 shares of the conglomerate’s stock valued at $218,000 after buying an additional 1,625 shares in the last quarter. Finally, Barber Financial Group Inc. increased its position in General Electric by 3.1% in the 1st quarter. Barber Financial Group Inc. now owns 7,363 shares of the conglomerate’s stock valued at $219,000 after buying an additional 220 shares in the last quarter. 54.38% of the stock is currently owned by institutional investors.
General Electric Company (NYSE GE) opened at $20.49 on Friday. The company has a market capitalization of $177,777.73, a price-to-earnings ratio of 16.53, a P/E/G ratio of 2.15 and a beta of 1.11. 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 Company has a 12 month low of $19.63 and a 12 month high of $32.38.
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). General Electric had a net margin of 6.08% and a return on equity of 13.72%. The firm had revenue of $33.47 billion during the quarter, compared to the consensus estimate of $32.51 billion. During the same period in the prior year, the company earned $0.32 EPS. The firm’s revenue was up 11.5% compared to the same quarter last year. equities analysts forecast that General Electric Company will post 1.06 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 25th. Stockholders of record on Monday, September 18th were paid a dividend of $0.24 per share. The ex-dividend date was Friday, September 15th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.69%. General Electric’s dividend payout ratio (DPR) is currently 120.00%.
A number of analysts have commented on GE shares. Stifel Nicolaus reissued a “buy” rating and set a $26.00 price objective on shares of General Electric in a report on Thursday, October 12th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $26.00 target price (down from $27.00) on shares of General Electric in a report on Monday, July 24th. J P Morgan Chase & Co reduced their target price on General Electric from $19.00 to $17.00 and set an “underweight” rating for the company in a report on Wednesday, November 1st. Vetr raised General Electric from a “strong sell” rating to a “sell” rating and set a $21.74 target price for the company in a report on Tuesday, October 10th. Finally, Bank of America Corporation raised General Electric from a “neutral” rating to a “buy” rating and set a $27.00 target price for the company in a report on Monday, October 23rd. Six analysts have rated the stock with a sell rating, six have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. General Electric presently has a consensus rating of “Hold” and a consensus target price of $25.55.
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In related news, Director James S. Tisch acquired 100,000 shares of General Electric stock in a transaction dated Tuesday, August 22nd. The shares were purchased at an average cost of $24.56 per share, with a total value of $2,456,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.36% of the stock is currently owned by company insiders.
General Electric Profile
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