Greenwood Gearhart Inc. Has $5.27 Million Holdings in General Electric (GE)

Greenwood Gearhart Inc. raised its stake in shares of General Electric (NYSE:GE) by 6.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 386,957 shares of the conglomerate’s stock after buying an additional 25,075 shares during the quarter. Greenwood Gearhart Inc.’s holdings in General Electric were worth $5,266,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in GE. Buckley Wealth Management LLC raised its position in shares of General Electric by 1.3% in the 1st quarter. Buckley Wealth Management LLC now owns 272,144 shares of the conglomerate’s stock worth $3,669,000 after buying an additional 3,575 shares during the period. Pinnacle Wealth Management Advisory Group LLC raised its position in shares of General Electric by 28.1% in the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 16,411 shares of the conglomerate’s stock worth $221,000 after buying an additional 3,600 shares during the period. Legacy Advisors LLC raised its position in shares of General Electric by 16.3% in the 2nd quarter. Legacy Advisors LLC now owns 26,145 shares of the conglomerate’s stock worth $356,000 after buying an additional 3,669 shares during the period. Home Federal Bank of Tennessee raised its position in shares of General Electric by 7.4% in the 2nd quarter. Home Federal Bank of Tennessee now owns 53,210 shares of the conglomerate’s stock worth $725,000 after buying an additional 3,675 shares during the period. Finally, Advisors Capital Management LLC raised its position in shares of General Electric by 7.6% in the 1st quarter. Advisors Capital Management LLC now owns 52,750 shares of the conglomerate’s stock worth $711,000 after buying an additional 3,714 shares during the period. Hedge funds and other institutional investors own 53.75% of the company’s stock.

Shares of General Electric stock opened at $11.09 on Tuesday. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.81 and a quick ratio of 1.51. The stock has a market cap of $98.11 billion, a PE ratio of 10.56, a price-to-earnings-growth ratio of 2.21 and a beta of 0.97. General Electric has a 1-year low of $10.93 and a 1-year high of $20.75.

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 25th. Stockholders of record on Monday, September 17th were paid a dividend of $0.12 per share. The ex-dividend date was Friday, September 14th. This represents a $0.48 annualized dividend and a dividend yield of 4.33%. General Electric’s dividend payout ratio is presently 45.71%.

Several brokerages recently issued reports on GE. Barclays reiterated a “neutral” rating and issued a $16.00 price target on shares of General Electric in a report on Monday, July 9th. Royal Bank of Canada set a $15.00 price target on General Electric and gave the company a “neutral” rating in a report on Wednesday, July 11th. MED upgraded General Electric from a “sell” rating to a “hold” rating and set a $15.00 price target for the company in a report on Thursday, July 12th. Deutsche Bank set a $15.00 price target on General Electric and gave the company a “hold” rating in a report on Thursday, July 12th. Finally, JPMorgan Chase & Co. reiterated a “sell” rating and issued a $11.00 price target on shares of General Electric in a report on Monday, July 16th. Five analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $15.94.

General Electric Profile

General Electric Company operates as a digital industrial company worldwide. It operates through Power, Renewable Energy, Oil & Gas, Aviation, Healthcare, Transportation, Lighting, and Capital segments. The Power segment offers technologies, solutions, and services related to energy production, including gas and steam turbines, engines, generators, and high voltage equipment; and power generation services and digital solutions.

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

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