Mcmillion Capital Management Inc. lessened its stake in shares of General Electric (NYSE:GE) by 46.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 59,279 shares of the conglomerate’s stock after selling 50,928 shares during the quarter. Mcmillion Capital Management Inc.’s holdings in General Electric were worth $1,034,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in GE. Barrow Hanley Mewhinney & Strauss LLC lifted its position in General Electric by 4,215.4% during the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 54,124,364 shares of the conglomerate’s stock valued at $1,308,727,000 after buying an additional 52,870,164 shares during the period. Stifel Financial Corp lifted its position in General Electric by 5,359.6% during the third quarter. Stifel Financial Corp now owns 7,785,153 shares of the conglomerate’s stock valued at $188,126,000 after buying an additional 7,642,557 shares during the period. Thornburg Investment Management Inc. lifted its position in General Electric by 217.0% during the third quarter. Thornburg Investment Management Inc. now owns 7,449,780 shares of the conglomerate’s stock valued at $180,136,000 after buying an additional 5,099,442 shares during the period. Commerzbank Aktiengesellschaft FI lifted its position in General Electric by 142.6% during the third quarter. Commerzbank Aktiengesellschaft FI now owns 4,513,748 shares of the conglomerate’s stock valued at $109,142,000 after buying an additional 2,653,032 shares during the period. Finally, River Road Asset Management LLC purchased a new position in General Electric during the third quarter valued at $56,422,000. 55.96% of the stock is owned by hedge funds and other institutional investors.

In related news, major shareholder Electric Co General sold 3,883,000 shares of General Electric stock in a transaction dated Tuesday, April 24th. The stock was sold at an average price of $15.00, for a total value of $58,245,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.12% of the stock is currently owned by company insiders.

Several equities analysts have commented on the company. TheStreet lowered General Electric from a “c” rating to a “d+” rating in a research report on Wednesday, January 24th. UBS set a $16.00 price objective on General Electric and gave the company a “neutral” rating in a research report on Thursday. JPMorgan Chase reissued a “sell” rating and set a $11.00 price objective on shares of General Electric in a research report on Monday, April 9th. Goldman Sachs reissued a “neutral” rating and set a $14.00 price objective on shares of General Electric in a research report on Tuesday, April 10th. Finally, DZ Bank reissued a “sell” rating on shares of General Electric in a research report on Tuesday, April 3rd. Seven equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $17.92.

General Electric opened at $15.03 on Friday, according to Marketbeat.com. General Electric has a one year low of $14.70 and a one year high of $14.95. The stock has a market capitalization of $130.50 billion, a P/E ratio of 14.31, a price-to-earnings-growth ratio of 2.92 and a beta of 1.02. The company has a quick ratio of 1.48, a current ratio of 1.76 and a debt-to-equity ratio of 1.44.

General Electric (NYSE:GE) last released its quarterly earnings data on Friday, April 20th. The conglomerate reported $0.16 EPS for the quarter, topping the consensus estimate of $0.11 by $0.05. General Electric had a positive return on equity of 11.22% and a negative net margin of 6.16%. The company had revenue of $28.66 billion during the quarter, compared to the consensus estimate of $27.26 billion. During the same period last year, the company earned $0.14 EPS. General Electric’s revenue for the quarter was up 6.6% on a year-over-year basis. sell-side analysts expect that General Electric will post 0.96 EPS for the current year.

General Electric Company Profile

General Electric Company operates as a digital industrial company worldwide. It operates through Power, Renewable Energy, Oil & Gas, Aviation, Healthcare, Transportation, Lighting, and Capital segments. The Power segment offers technologies, solutions, and services related to energy production, including gas and steam turbines, engines, generators, and high voltage equipment; and power generation services and digital solutions.

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

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