CapWealth Advisors LLC Has $10.34 Million Stake in General Electric (GE)
CapWealth Advisors LLC increased its position in General Electric (NYSE:GE) by 1.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 427,549 shares of the conglomerate’s stock after buying an additional 6,061 shares during the period. General Electric comprises 2.0% of CapWealth Advisors LLC’s portfolio, making the stock its 18th largest holding. CapWealth Advisors LLC’s holdings in General Electric were worth $10,338,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. MPS Loria Financial Planners LLC acquired a new position in shares of General Electric in the second quarter valued at approximately $113,000. Ffcm LLC acquired a new position in shares of General Electric in the second quarter valued at approximately $114,000. Corbenic Partners LLC raised its position in shares of General Electric by 15.7% in the second quarter. Corbenic Partners LLC now owns 5,340 shares of the conglomerate’s stock valued at $144,000 after buying an additional 725 shares during the last quarter. Bristlecone Advisors LLC acquired a new position in shares of General Electric in the third quarter valued at approximately $164,000. Finally, Moisand Fitzgerald Tamayo LLC acquired a new position in shares of General Electric in the third quarter valued at approximately $204,000. 55.54% of the stock is owned by institutional investors and hedge funds.
Shares of General Electric (NYSE GE) opened at $14.12 on Monday. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.59 and a current ratio of 1.87. General Electric has a 52 week low of $13.95 and a 52 week high of $30.54. The stock has a market cap of $122,600.00, a P/E ratio of -47.07, a price-to-earnings-growth ratio of 2.68 and a beta of 1.00.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 25th. Shareholders of record on Monday, February 26th will be paid a dividend of $0.12 per share. The ex-dividend date is Friday, February 23rd. This represents a $0.48 annualized dividend and a yield of 3.40%. General Electric’s dividend payout ratio is currently -160.00%.
In other General Electric news, insider Alexander Dimitrief acquired 2,689 shares of the firm’s stock in a transaction on Monday, January 29th. The stock was bought at an average cost of $16.16 per share, for a total transaction of $43,454.24. Following the completion of the purchase, the insider now directly owns 81,185 shares in the company, valued at $1,311,949.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.36% of the stock is owned by insiders.
A number of equities research analysts recently issued reports on the stock. Vertical Research set a $18.00 target price on shares of General Electric and gave the company a “hold” rating in a report on Tuesday, January 16th. UBS Group assumed coverage on shares of General Electric in a report on Tuesday, January 23rd. They issued a “neutral” rating and a $17.00 target price for the company. TheStreet downgraded shares of General Electric from a “c” rating to a “d+” rating in a report on Wednesday, January 24th. Goldman Sachs Group set a $22.00 target price on shares of General Electric and gave the company a “neutral” rating in a report on Tuesday, November 14th. Finally, Citigroup set a $25.00 target price on shares of General Electric and gave the company a “buy” rating in a report on Tuesday, November 14th. Five research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. General Electric presently has an average rating of “Hold” and a consensus price target of $18.50.
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General Electric Company 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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