CIBC Asset Management Inc increased its stake in General Electric Co. (NYSE:GE) by 1.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,145,453 shares of the company’s stock after buying an additional 11,866 shares during the period. CIBC Asset Management Inc’s holdings in General Electric were worth $36,059,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Catamount Wealth Management increased its stake in shares of General Electric by 35.3% in the first quarter. Catamount Wealth Management now owns 3,451 shares of the company’s stock valued at $110,000 after buying an additional 901 shares during the period. James Investment Research Inc. boosted its position in General Electric by 2.6% in the second quarter. James Investment Research Inc. now owns 5,850 shares of the company’s stock valued at $184,000 after buying an additional 150 shares in the last quarter. Cranbrook Wealth Management LLC boosted its position in General Electric by 20.1% in the second quarter. Cranbrook Wealth Management LLC now owns 5,984 shares of the company’s stock valued at $188,000 after buying an additional 1,000 shares in the last quarter. Northwest Investment Counselors LLC boosted its position in General Electric by 2.7% in the second quarter. Northwest Investment Counselors LLC now owns 6,860 shares of the company’s stock valued at $216,000 after buying an additional 182 shares in the last quarter. Finally, Barry Investment Advisors LLC boosted its position in General Electric by 0.7% in the second quarter. Barry Investment Advisors LLC now owns 6,871 shares of the company’s stock valued at $216,000 after buying an additional 50 shares in the last quarter. Institutional investors and hedge funds own 55.81% of the company’s stock.

Shares of General Electric Co. (NYSE:GE) traded down 0.24% during trading on Friday, hitting $29.68. The stock had a trading volume of 64,934,725 shares. The company has a market cap of $265.97 billion, a PE ratio of 25.09 and a beta of 1.11. The stock has a 50 day moving average of $31.14 and a 200 day moving average of $30.86. General Electric Co. has a 12 month low of $24.26 and a 12 month high of $33.00.

General Electric (NYSE:GE) last released its earnings results on Friday, July 22nd. The company reported $0.51 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.05. The company had revenue of $33.49 million for the quarter, compared to the consensus estimate of $31.76 billion. General Electric had a return on equity of 15.04% and a net margin of 9.14%. General Electric’s quarterly revenue was up 14.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.31 earnings per share. Equities analysts forecast that General Electric Co. will post $1.51 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 25th. Investors of record on Monday, September 19th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Thursday, September 15th. This represents a $0.92 annualized dividend and a yield of 3.10%. General Electric’s dividend payout ratio (DPR) is presently 77.97%.

Several research firms have weighed in on GE. Citigroup Inc. reissued a “buy” rating on shares of General Electric in a research report on Sunday, May 22nd. Oppenheimer Holdings Inc. reissued a “market perform” rating on shares of General Electric in a research report on Tuesday, June 28th. Vetr raised General Electric from a “sell” rating to a “hold” rating and set a $31.67 price objective on the stock in a research report on Thursday, July 21st. TheStreet raised General Electric from a “hold” rating to a “buy” rating in a research report on Friday, July 22nd. Finally, Credit Suisse Group AG reissued a “buy” rating on shares of General Electric in a research report on Saturday, July 9th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $32.65.

In related news, Chairman Jeffrey R. Immelt bought 50,000 shares of the stock in a transaction that occurred on Tuesday, July 26th. The shares were bought at an average cost of $31.45 per share, for a total transaction of $1,572,500.00. Following the completion of the transaction, the chairman now owns 2,198,688 shares of the company’s stock, valued at $69,148,737.60. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.23% of the company’s stock.

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