Cambridge Advisors Inc. lessened its position in General Electric (NYSE:GE) by 9.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 33,323 shares of the conglomerate’s stock after selling 3,294 shares during the period. Cambridge Advisors Inc.’s holdings in General Electric were worth $806,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. MPS Loria Financial Planners LLC bought a new position in General Electric during the second quarter valued at approximately $113,000. Ffcm LLC bought a new position in General Electric during the second quarter valued at approximately $114,000. Corbenic Partners LLC lifted its position in General Electric by 15.7% during the second quarter. Corbenic Partners LLC now owns 5,340 shares of the conglomerate’s stock valued at $144,000 after purchasing an additional 725 shares during the period. Bristlecone Advisors LLC bought a new position in General Electric during the third quarter valued at approximately $164,000. Finally, Tuttle Tactical Management LLC bought a new position in General Electric during the second quarter valued at approximately $209,000. Hedge funds and other institutional investors own 55.63% of the company’s stock.

General Electric (GE) opened at $19.02 on Friday. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.86 and a quick ratio of 1.53. General Electric has a 52-week low of $17.25 and a 52-week high of $31.47. The firm has a market cap of $164,940.00, a P/E ratio of 22.12, a price-to-earnings-growth ratio of 2.05 and a beta of 1.07.

General Electric (NYSE:GE) last released its quarterly earnings results on Friday, October 20th. The conglomerate reported $0.29 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.20). General Electric had a return on equity of 13.72% and a net margin of 6.08%. The business had revenue of $33.47 billion during the quarter, compared to the consensus estimate of $32.51 billion. During the same quarter in the previous year, the business posted $0.32 earnings per share. The firm’s revenue was up 11.5% on a year-over-year basis. sell-side analysts predict that General Electric will post 1.07 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 25th. Stockholders of record on Wednesday, December 27th will be paid a $0.12 dividend. The ex-dividend date is Tuesday, December 26th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.52%. General Electric’s dividend payout ratio (DPR) is presently 55.81%.

GE has been the topic of a number of research analyst reports. Stifel Nicolaus restated a “buy” rating and set a $26.00 price objective on shares of General Electric in a research report on Thursday, October 12th. JPMorgan Chase & Co. lowered their price objective on shares of General Electric from $19.00 to $17.00 and set an “underweight” rating on the stock in a research report on Wednesday, November 1st. Vetr upgraded shares of General Electric from a “strong sell” rating to a “sell” rating and set a $21.74 price objective on the stock in a research report on Tuesday, October 10th. Citigroup set a $25.00 price objective on shares of General Electric and gave the company a “buy” rating in a research report on Tuesday, November 14th. Finally, Goldman Sachs Group 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 14th. Six analysts have rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $23.19.

In other news, Director Steven M. Mollenkopf acquired 5,500 shares of General Electric stock in a transaction dated Thursday, November 16th. The stock was purchased at an average cost of $18.24 per share, with a total value of $100,320.00. Following the completion of the purchase, the director now directly owns 5,500 shares in the company, valued at approximately $100,320. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman John Leonard Flannery acquired 60,000 shares of General Electric stock in a transaction dated Wednesday, November 15th. The stock was purchased at an average cost of $18.27 per share, with a total value of $1,096,200.00. Following the completion of the purchase, the chairman now owns 575,477 shares of the company’s stock, valued at $10,513,964.79. The disclosure for this purchase can be found here. Over the last three months, insiders bought 120,500 shares of company stock valued at $2,183,220. Corporate insiders own 0.36% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This piece was originally posted by Watch List News and is the property of of Watch List News. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of US and international copyright & trademark legislation. The correct version of this piece can be read at https://www.watchlistnews.com/general-electric-ge-shares-sold-by-cambridge-advisors-inc/1803843.html.

General Electric Profile

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

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