General Electric (GE) Shares Bought by Thompson Investment Management Inc.

Thompson Investment Management Inc. increased its holdings in shares of General Electric (NYSE:GE) by 15.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 588,253 shares of the conglomerate’s stock after acquiring an additional 80,122 shares during the period. General Electric makes up approximately 2.7% of Thompson Investment Management Inc.’s portfolio, making the stock its 3rd biggest holding. Thompson Investment Management Inc.’s holdings in General Electric were worth $14,224,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. MPS Loria Financial Planners LLC purchased a new stake in General Electric during the second quarter worth $113,000. Ffcm LLC purchased a new stake in General Electric during the second quarter worth $114,000. Corbenic Partners LLC boosted its position in General Electric by 15.7% during the second quarter. Corbenic Partners LLC now owns 5,340 shares of the conglomerate’s stock worth $144,000 after purchasing an additional 725 shares in the last quarter. Bristlecone Advisors LLC purchased a new stake in General Electric during the third quarter worth $164,000. Finally, Moisand Fitzgerald Tamayo LLC purchased a new stake in General Electric during the third quarter worth $204,000. 55.44% of the stock is currently owned by hedge funds and other institutional investors.

In other General Electric news, Director Francisco Dsouza bought 55,000 shares of General Electric stock in a transaction that occurred on Monday, November 20th. The shares were purchased at an average cost of $17.94 per share, for a total transaction of $986,700.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman John Leonard Flannery bought 60,000 shares of General Electric stock in a transaction that occurred on Wednesday, November 15th. The shares were acquired at an average price of $18.27 per share, for a total transaction of $1,096,200.00. Following the completion of 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 purchased 124,370 shares of company stock worth $2,245,570 over the last quarter. 0.36% of the stock is currently owned by company insiders.

A number of analysts have commented on the company. Citigroup set a $28.00 target price on General Electric and gave the stock a “buy” rating in a research report on Monday, October 23rd. UBS Group downgraded General Electric from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $31.00 to $24.00 in a research report on Monday, October 23rd. Vetr downgraded General Electric from a “strong-buy” rating to a “buy” rating and set a $21.08 target price on the stock. in a research report on Wednesday, January 10th. Royal Bank of Canada downgraded General Electric from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from $25.00 to $20.00 in a research report on Tuesday, November 14th. Finally, Deutsche Bank decreased their target price on General Electric from $18.00 to $15.00 and set a “sell” rating on the stock in a research report on Tuesday, November 21st. Five research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $21.31.

General Electric (GE) opened at $14.94 on Friday. General Electric has a 12-month low of $14.23 and a 12-month high of $30.59. The firm has a market capitalization of $125,311.63, a PE ratio of -20.75, a P/E/G ratio of 2.74 and a beta of 0.93. The company has a debt-to-equity ratio of 2.09, a quick ratio of 1.53 and a current ratio of 1.86.

General Electric (NYSE:GE) last released its earnings results on Wednesday, January 24th. The conglomerate reported $0.27 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.01). General Electric had a positive return on equity of 12.26% and a negative net margin of 4.74%. The business had revenue of $31.40 billion for the quarter, compared to analysts’ expectations of $33.93 billion. During the same quarter last year, the company posted $0.46 earnings per share. The business’s quarterly revenue was down 5.1% compared to the same quarter last year. analysts predict that General Electric will post 0.99 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 25th. Investors of record on Monday, February 26th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, February 23rd. This represents a $0.48 annualized dividend and a yield of 3.21%. General Electric’s dividend payout ratio (DPR) is presently -66.67%.

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General Electric Profile

General Electric Company is a global digital industrial company. The Company’s products and services range from aircraft engines, power generation, and oil and gas production equipment to medical imaging, financing and industrial products. Its segments include Power, which includes products and services related to energy production; Renewable Energy, which offers renewable power sources; Oil & Gas, including liquefied natural gas and pipelines; Aviation, which includes commercial and military aircraft engines, and integrated digital components, among others; Healthcare, which provides healthcare technologies in medical imaging, digital solutions, patient monitoring and diagnostics, and drug discovery, among others; Transportation, which is a supplier to the railroad, mining, marine, stationary power and drilling industries; Energy Connections & Lighting, which includes Energy Connections and Lighting businesses, and Capital, which is a financial services division.

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

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