General Electric (NYSE:GE) Shares Purchased by Anderson Hoagland & Co.
Anderson Hoagland & Co. increased its stake in shares of General Electric (NYSE:GE) by 32.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 136,215 shares of the conglomerate’s stock after purchasing an additional 33,725 shares during the quarter. Anderson Hoagland & Co.’s holdings in General Electric were worth $1,286,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. FMR LLC boosted its position in shares of General Electric by 49.4% during the 1st quarter. FMR LLC now owns 450,426,526 shares of the conglomerate’s stock worth $4,499,762,000 after acquiring an additional 148,979,851 shares in the last quarter. Harris Associates L P boosted its position in shares of General Electric by 35.1% in the 4th quarter. Harris Associates L P now owns 121,783,710 shares of the conglomerate’s stock valued at $921,903,000 after purchasing an additional 31,634,318 shares during the period. Geode Capital Management LLC boosted its position in shares of General Electric by 6.5% in the 4th quarter. Geode Capital Management LLC now owns 102,022,630 shares of the conglomerate’s stock valued at $770,919,000 after purchasing an additional 6,235,071 shares during the period. Northern Trust Corp boosted its position in shares of General Electric by 0.8% in the 4th quarter. Northern Trust Corp now owns 101,447,654 shares of the conglomerate’s stock valued at $767,959,000 after purchasing an additional 763,673 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC boosted its position in shares of General Electric by 7.8% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 99,844,059 shares of the conglomerate’s stock valued at $755,819,000 after purchasing an additional 7,194,723 shares during the period. 57.85% of the stock is owned by hedge funds and other institutional investors.
GE has been the subject of a number of research analyst reports. William Blair reissued a “buy” rating on shares of General Electric in a research report on Thursday, June 13th. Deutsche Bank downgraded Cogent Communications from a “buy” rating to a “hold” rating in a research note on Thursday, May 2nd. JPMorgan Chase & Co. set a $60.00 price objective on Bayerische Motoren Werke and gave the company a “sell” rating in a research note on Monday, April 8th. Cowen reaffirmed a “hold” rating and set a $103.00 price objective on shares of United Therapeutics in a research note on Wednesday, May 1st. Finally, Zacks Investment Research downgraded GreenTree Hospitality Group from a “buy” rating to a “hold” rating in a research note on Monday, May 20th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $11.62.
General Electric (NYSE:GE) last released its quarterly earnings data on Tuesday, April 30th. The conglomerate reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.05. General Electric had a positive return on equity of 10.32% and a negative net margin of 14.65%. The firm had revenue of $27.29 billion during the quarter, compared to the consensus estimate of $27.31 billion. During the same period last year, the business posted $0.16 EPS. General Electric’s quarterly revenue was down 1.8% on a year-over-year basis. Sell-side analysts expect that General Electric will post 0.61 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 25th. Investors of record on Monday, July 1st will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.38%. The ex-dividend date is Friday, June 28th. General Electric’s payout ratio is currently 6.15%.
In other General Electric news, Director Edward P. Garden sold 1,289,538 shares of the stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $10.02, for a total transaction of $12,921,170.76. Following the sale, the director now owns 25,000 shares in the company, valued at approximately $250,500. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Edward P. Garden sold 3,370,314 shares of the stock in a transaction on Friday, May 24th. The shares were sold at an average price of $9.53, for a total value of $32,119,092.42. The disclosure for this sale can be found here. 1.13% of the stock is currently owned by corporate insiders.
General Electric Profile
General Electric Company operates as a high-tech industrial company worldwide. It operates through Power, Renewable Energy, Aviation, Oil & Gas, Healthcare, Transportation, Lighting, and Capital segments. The Power segment offers technologies, solutions, and services related to energy production, including gas and steam turbines, generators, and high voltage equipment; and power generation services.
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