General Electric Company (GE) is Ashburton Jersey Ltd’s 9th Largest Position
Ashburton Jersey Ltd raised its position in General Electric Company (NYSE:GE) by 11.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 456,830 shares of the conglomerate’s stock after purchasing an additional 47,365 shares during the period. General Electric accounts for 7.0% of Ashburton Jersey Ltd’s investment portfolio, making the stock its 9th biggest position. Ashburton Jersey Ltd owned about 0.67% of General Electric worth $12,339,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the business. Ullmann Financial Group Inc. bought a new stake in shares of General Electric during the 1st quarter worth $106,000. Ffcm LLC bought a new stake in shares of General Electric during the 2nd quarter worth $114,000. PHH Investments Ltd. lifted its holdings in shares of General Electric by 105.0% during the 1st quarter. PHH Investments Ltd. now owns 3,905 shares of the conglomerate’s stock worth $116,000 after acquiring an additional 2,000 shares during the last quarter. Corbenic Partners LLC lifted its holdings in shares of General Electric by 15.7% during the 2nd quarter. Corbenic Partners LLC now owns 5,340 shares of the conglomerate’s stock worth $144,000 after acquiring an additional 725 shares during the last quarter. Finally, Tuttle Tactical Management LLC bought a new stake in shares of General Electric during the 2nd quarter worth $209,000. 55.74% of the stock is owned by hedge funds and other institutional investors.
In other news, Director Steven M. Mollenkopf acquired 5,500 shares of the firm’s stock in a transaction on Thursday, November 16th. The shares were purchased at an average price of $18.24 per share, for a total transaction of $100,320.00. Following the completion of the transaction, the director now owns 5,500 shares of the company’s stock, valued at $100,320. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman John Leonard Flannery acquired 60,000 shares of the firm’s stock in a transaction on Wednesday, November 15th. The stock was purchased at an average price of $18.27 per share, for a total transaction of $1,096,200.00. Following 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 acquired 120,500 shares of company stock valued at $2,183,220 over the last three months. 0.36% of the stock is currently owned by insiders.
GE has been the subject of a number of research analyst reports. J P Morgan Chase & Co dropped their price objective on shares of General Electric from $19.00 to $17.00 and set an “underweight” rating for the company in a report on Wednesday, November 1st. Bank of America raised shares of General Electric from a “neutral” rating to a “buy” rating and set a $27.00 price objective for the company in a report on Monday, October 23rd. Royal Bank of Canada set a $25.00 price objective on shares of General Electric and gave the stock a “buy” rating in a report on Monday, October 23rd. Citigroup set a $28.00 price objective on shares of General Electric and gave the stock a “buy” rating in a report on Monday, October 23rd. Finally, Morningstar reaffirmed a “buy” rating on shares of General Electric in a report on Tuesday, November 14th. Six analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $23.39.
General Electric Company (GE) traded down $0.12 during trading on Friday, reaching $17.64. 48,545,800 shares of the company’s stock traded hands, compared to its average volume of 45,339,004. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.86 and a quick ratio of 1.53. The company has a market capitalization of $154,016.23, a P/E ratio of 14.32, a PEG ratio of 1.92 and a beta of 1.06. General Electric Company has a 1-year low of $17.46 and a 1-year high of $32.38.
General Electric (NYSE:GE) last posted its quarterly earnings results on Friday, October 20th. The conglomerate reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.20). The business had revenue of $33.47 billion during the quarter, compared to the consensus estimate of $32.51 billion. General Electric had a return on equity of 13.72% and a net margin of 6.08%. The business’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.32 earnings per share. analysts predict that General Electric Company will post 1.07 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 25th. Shareholders of record on Wednesday, December 27th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.72%. The ex-dividend date is Tuesday, December 26th. General Electric’s dividend payout ratio is presently 120.00%.
General Electric Profile
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