General Electric Company (GE) is Moloney Securities Asset Management LLC’s 6th Largest Position
Moloney Securities Asset Management LLC lowered its position in shares of General Electric Company (NYSE:GE) by 1.1% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 124,184 shares of the conglomerate’s stock after selling 1,350 shares during the quarter. General Electric accounts for approximately 1.7% of Moloney Securities Asset Management LLC’s investment portfolio, making the stock its 6th biggest holding. Moloney Securities Asset Management LLC’s holdings in General Electric were worth $3,354,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of the business. Harris Associates L P grew its position in shares of General Electric by 26.4% during the 1st quarter. Harris Associates L P now owns 46,376,143 shares of the conglomerate’s stock valued at $1,382,009,000 after acquiring an additional 9,681,420 shares during the period. UBS Oconnor LLC increased its stake in shares of General Electric by 795.5% during the 1st quarter. UBS Oconnor LLC now owns 2,025,000 shares of the conglomerate’s stock worth $60,345,000 after purchasing an additional 1,798,877 shares during the last quarter. Nationwide Fund Advisors increased its stake in shares of General Electric by 41.6% during the 1st quarter. Nationwide Fund Advisors now owns 5,420,262 shares of the conglomerate’s stock worth $161,524,000 after purchasing an additional 1,591,790 shares during the last quarter. Candriam Luxembourg S.C.A. increased its stake in shares of General Electric by 134.7% during the 1st quarter. Candriam Luxembourg S.C.A. now owns 2,151,496 shares of the conglomerate’s stock worth $64,118,000 after purchasing an additional 1,234,776 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in shares of General Electric by 17.8% in the 2nd quarter. Russell Investments Group Ltd. now owns 8,072,829 shares of the conglomerate’s stock worth $218,059,000 after purchasing an additional 1,222,434 shares during the period. 54.71% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director James E. Rohr bought 27,425 shares of the business’s stock in a transaction dated Monday, July 24th. The shares were purchased at an average price of $25.50 per share, with a total value of $699,337.50. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Alexander Dimitrief bought 1,845 shares of the business’s stock in a transaction dated Monday, July 24th. The shares were bought at an average cost of $25.54 per share, for a total transaction of $47,121.30. Following the transaction, the insider now owns 65,597 shares in the company, valued at approximately $1,675,347.38. The disclosure for this purchase can be found here. Insiders have bought a total of 233,253 shares of company stock worth $5,860,264 over the last 90 days. Corporate insiders own 0.36% of the company’s stock.
General Electric Company (NYSE GE) traded up 0.387% during midday trading on Tuesday, reaching $24.665. The company’s stock had a trading volume of 18,718,392 shares. General Electric Company has a one year low of $23.58 and a one year high of $32.38. The firm has a 50 day moving average price of $24.50 and a 200 day moving average price of $27.12. The firm has a market cap of $213.55 billion, a P/E ratio of 30.043 and a beta of 1.19.
General Electric (NYSE:GE) last issued its quarterly earnings data on Friday, July 21st. The conglomerate reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.03. General Electric had a net margin of 6.45% and a return on equity of 14.59%. The business had revenue of $29.56 billion during the quarter, compared to analysts’ expectations of $29.07 billion. During the same period last year, the company posted $0.51 EPS. The business’s revenue was down 11.8% on a year-over-year basis. Equities research analysts forecast that General Electric Company will post $1.56 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Monday, September 18th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 3.91%. The ex-dividend date is Friday, September 15th. General Electric’s dividend payout ratio is 118.52%.
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Several research firms recently commented on GE. Morgan Stanley dropped their price objective on General Electric from $26.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Monday. Vetr raised General Electric from a “strong sell” rating to a “sell” rating and set a $21.63 target price for the company in a research report on Monday. J P Morgan Chase & Co restated an “underweight” rating on shares of General Electric in a research note on Thursday, September 21st. Argus lowered their target price on General Electric from $30.00 to $27.00 and set a “buy” rating on the stock in a research note on Monday, September 18th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $31.00 price target on shares of General Electric in a research report on Friday, September 15th. Five investment analysts have rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the company’s stock. General Electric presently has an average rating of “Hold” and a consensus target price of $28.57.
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