Jaffetilchin Investment Partners LLC lessened its holdings in General Electric Company (NYSE:GE) by 67.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,180 shares of the conglomerate’s stock after selling 16,855 shares during the period. Jaffetilchin Investment Partners LLC’s holdings in General Electric were worth $221,000 at the end of the most recent reporting period.
Other hedge funds have also added to or reduced their stakes in the company. Ullmann Financial Group Inc. acquired a new position in General Electric during the 1st quarter worth $106,000. PHH Investments Ltd. lifted its position in General Electric by 105.0% during the 1st quarter. PHH Investments Ltd. now owns 3,905 shares of the conglomerate’s stock worth $116,000 after acquiring an additional 2,000 shares during the last quarter. Oakmont Partners LLC lifted its position in General Electric by 3.6% during the 2nd quarter. Oakmont Partners LLC now owns 8,034 shares of the conglomerate’s stock worth $217,000 after acquiring an additional 278 shares during the last quarter. Cascade Investment Advisors Inc. lifted its position in General Electric by 25.2% during the 2nd quarter. Cascade Investment Advisors Inc. now owns 8,081 shares of the conglomerate’s stock worth $218,000 after acquiring an additional 1,625 shares during the last quarter. Finally, Barber Financial Group Inc. lifted its position in General Electric by 3.1% during the 1st quarter. Barber Financial Group Inc. now owns 7,363 shares of the conglomerate’s stock worth $219,000 after acquiring an additional 220 shares during the last quarter. 54.75% of the stock is owned by institutional investors and hedge funds.
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General Electric Company (GE) opened at $18.15 on Friday. The company has a market cap of $157,398.34, a PE ratio of 14.64, a PEG ratio of 1.98 and a beta of 1.11. The company has a current ratio of 1.86, a quick ratio of 1.53 and a debt-to-equity ratio of 1.14. General Electric Company has a 52-week low of $17.46 and a 52-week high of $32.38.
General Electric (NYSE:GE) last announced its quarterly earnings data 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 company had revenue of $33.47 billion for the quarter, compared to analyst estimates of $32.51 billion. General Electric had a net margin of 6.08% and a return on equity of 13.72%. The firm’s quarterly revenue was up 11.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.32 EPS. sell-side analysts forecast that General Electric Company will post 1.06 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 25th. Stockholders of record on Monday, September 18th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.29%. The ex-dividend date of this dividend was Friday, September 15th. General Electric’s dividend payout ratio is currently 120.00%.
A number of research analysts have weighed in on GE shares. Bank of America Corporation raised shares of General Electric from a “neutral” rating to a “buy” rating and set a $27.00 target price for the company in a research report on Monday, October 23rd. Vetr lowered shares of General Electric from a “strong-buy” rating to a “buy” rating and set a $25.63 target price for the company. in a research report on Wednesday, September 13th. Oppenheimer Holdings, Inc. lowered shares of General Electric from a “market perform” rating to an “underperform” rating in a research report on Tuesday, October 24th. Goldman Sachs Group, Inc. (The) set a $22.00 target price on shares of General Electric and gave the stock a “neutral” rating in a research report on Tuesday, November 7th. Finally, J P Morgan Chase & Co reissued a “sell” rating and set a target price on shares of General Electric in a research report on Thursday, October 19th. Six analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. General Electric presently has an average rating of “Hold” and an average price target of $24.49.
In related news, Director Francisco Dsouza acquired 55,000 shares of the business’s stock in a transaction dated Monday, November 20th. The stock was acquired at an average price of $17.94 per share, with a total value of $986,700.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman John Leonard Flannery acquired 60,000 shares of the business’s stock in a transaction dated Wednesday, November 15th. The shares were bought at an average cost of $18.27 per share, with a total value of $1,096,200.00. Following the transaction, the chairman now directly owns 575,477 shares of the company’s stock, valued at approximately $10,513,964.79. The disclosure for this purchase can be found here. Insiders have bought 120,500 shares of company stock valued at $2,183,220 in the last ninety days. 0.36% of the stock is owned by company insiders.
General Electric Profile
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