Anderson Hoagland & Co. Buys 25,380 Shares of General Electric (GE)
Anderson Hoagland & Co. raised its stake in shares of General Electric (NYSE:GE) by 32.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 102,490 shares of the conglomerate’s stock after buying an additional 25,380 shares during the quarter. Anderson Hoagland & Co.’s holdings in General Electric were worth $1,395,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in GE. Mount Yale Investment Advisors LLC purchased a new position in shares of General Electric in the first quarter worth $116,000. Santori & Peters Inc. purchased a new position in shares of General Electric in the fourth quarter worth $120,000. Archford Capital Strategies LLC purchased a new position in shares of General Electric in the first quarter worth $121,000. Blue Chip Wealth Management Inc. purchased a new position in shares of General Electric in the first quarter worth $135,000. Finally, Harborview Advisors LLC purchased a new position in shares of General Electric in the first quarter worth $137,000. Institutional investors and hedge funds own 53.74% of the company’s stock.
In related news, Director H Lawrence Culp, Jr. purchased 191,000 shares of the business’s stock in a transaction on Tuesday, July 24th. The stock was acquired at an average price of $13.04 per share, with a total value of $2,490,640.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.12% of the company’s stock.
General Electric (NYSE:GE) last released its quarterly earnings results on Friday, July 20th. The conglomerate reported $0.19 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.01. General Electric had a positive return on equity of 10.40% and a negative net margin of 6.59%. The business had revenue of $30.10 billion during the quarter, compared to analyst estimates of $29.39 billion. During the same quarter in the previous year, the company posted $0.21 earnings per share. General Electric’s revenue for the quarter was up 3.5% on a year-over-year basis. research analysts anticipate that General Electric will post 0.96 earnings per share for the current year.
Several research analysts have recently weighed in on the company. Stifel Nicolaus restated a “neutral” rating and issued a $15.00 price target on shares of General Electric in a research note on Friday, May 18th. MED upgraded General Electric from a “sell” rating to a “hold” rating and set a $15.00 price objective for the company in a research report on Thursday, July 12th. Goldman Sachs Group reiterated a “neutral” rating and set a $14.00 price objective on shares of General Electric in a research report on Wednesday, June 27th. Cowen reiterated a “hold” rating and set a $14.50 price objective on shares of General Electric in a research report on Friday, July 20th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating on shares of General Electric in a research report on Tuesday, July 24th. Four investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. General Electric presently has an average rating of “Hold” and an average price target of $17.15.
General Electric Company 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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