General Electric Company (GE) Position Reduced by Evermay Wealth Management LLC
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.
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About General Electric
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