Evermay Wealth Management LLC reduced its position in shares of General Electric Company (NYSE:GE) by 3.9% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 67,971 shares of the conglomerate’s stock after selling 2,783 shares during the quarter. General Electric makes up about 0.8% of Evermay Wealth Management LLC’s holdings, making the stock its 15th biggest holding. Evermay Wealth Management LLC’s holdings in General Electric were worth $1,836,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Harris Associates L P increased its position in 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 purchasing an additional 9,681,420 shares during the period. UBS Oconnor LLC increased its position in General Electric by 795.5% during the 1st quarter. UBS Oconnor LLC now owns 2,025,000 shares of the conglomerate’s stock valued at $60,345,000 after purchasing an additional 1,798,877 shares during the period. Nationwide Fund Advisors increased its position in General Electric by 41.6% during the 1st quarter. Nationwide Fund Advisors now owns 5,420,262 shares of the conglomerate’s stock valued at $161,524,000 after purchasing an additional 1,591,790 shares during the period. Candriam Luxembourg S.C.A. increased its position in 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 valued at $64,118,000 after purchasing an additional 1,234,776 shares during the period. Finally, Russell Investments Group Ltd. increased its position in General Electric by 17.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 8,072,829 shares of the conglomerate’s stock valued at $218,059,000 after purchasing an additional 1,222,434 shares during the period. Institutional investors own 54.29% of the company’s stock.

General Electric Company (GE) opened at $20.49 on Monday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.53 and a current ratio of 1.86. The stock has a market cap of $177,777.73, a PE ratio of 16.53, a price-to-earnings-growth ratio of 2.15 and a beta of 1.11. General Electric Company has a one year low of $19.63 and a one year high of $32.38.

General Electric (NYSE:GE) last posted its earnings results on Friday, October 20th. The conglomerate reported $0.29 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.20). The company had revenue of $33.47 billion for the quarter, compared to the consensus estimate of $32.51 billion. General Electric had a net margin of 6.08% and a return on equity of 13.72%. General Electric’s revenue was up 11.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.32 EPS. equities research analysts forecast that General Electric Company will post 1.06 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 25th. Shareholders of record on Monday, September 18th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 4.69%. The ex-dividend date was Friday, September 15th. General Electric’s dividend payout ratio is currently 120.00%.

A number of brokerages have issued reports on GE. J P Morgan Chase & Co set a $17.00 price objective on shares of General Electric and gave the company a “sell” rating in a research report on Thursday. Cowen and Company reissued a “hold” rating and set a $19.00 price objective on shares of General Electric in a research report on Wednesday, November 8th. Goldman Sachs Group, Inc. (The) set a $22.00 price objective on shares of General Electric and gave the company a “neutral” rating in a research report on Tuesday, November 7th. Vetr raised shares of General Electric from a “buy” rating to a “strong-buy” rating and set a $23.28 price objective on the stock in a research report on Monday, October 30th. Finally, UBS AG reaffirmed a “sell” rating and issued a $18.00 target price (down from $21.00) on shares of General Electric in a research report on Monday, October 30th. Six analysts have rated the stock with a sell rating, six have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. General Electric has a consensus rating of “Hold” and a consensus price target of $25.55.

In related news, Director James S. Tisch bought 100,000 shares of the stock in a transaction on Tuesday, August 22nd. The shares were acquired at an average price of $24.56 per share, for a total transaction of $2,456,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.36% of the stock is currently owned by corporate insiders.

ILLEGAL ACTIVITY NOTICE: “General Electric Company (GE) Position Reduced by Evermay Wealth Management LLC” was originally reported by Watch List News and is the property of of Watch List News. If you are reading this article on another website, it was copied illegally and republished in violation of U.S. and international copyright legislation. The original version of this article can be accessed at https://www.watchlistnews.com/general-electric-company-ge-position-reduced-by-evermay-wealth-management-llc/1699202.html.

About General Electric

Want to see what other hedge funds are holding GE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for General Electric Company (NYSE:GE).

Institutional Ownership by Quarter for General Electric (NYSE:GE)

Receive News & Ratings for General Electric Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Electric Company and related companies with Analyst Ratings Network's FREE daily email newsletter.