Outfitter Advisors LTD. Sells 30,676 Shares of General Electric (GE)
Outfitter Advisors LTD. lessened its stake in shares of General Electric (NYSE:GE) by 12.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 210,197 shares of the conglomerate’s stock after selling 30,676 shares during the period. General Electric makes up approximately 1.8% of Outfitter Advisors LTD.’s holdings, making the stock its 14th largest holding. Outfitter Advisors LTD.’s holdings in General Electric were worth $5,083,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in GE. Ffcm LLC bought a new position in General Electric in the 2nd quarter valued at $114,000. MPS Loria Financial Planners LLC bought a new position in General Electric in the 2nd quarter valued at $113,000. Corbenic Partners LLC grew its position in General Electric by 15.7% in the 2nd quarter. Corbenic Partners LLC now owns 5,340 shares of the conglomerate’s stock valued at $144,000 after acquiring an additional 725 shares during the last quarter. Bristlecone Advisors LLC bought a new position in General Electric in the 3rd quarter valued at $164,000. Finally, Tuttle Tactical Management LLC bought a new position in General Electric in the 2nd quarter valued at $209,000. Institutional investors own 55.62% of the company’s stock.
Shares of General Electric (GE) opened at $16.26 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 firm has a market capitalization of $141,010.00, a price-to-earnings ratio of 18.91, a P/E/G ratio of 3.01 and a beta of 1.07. General Electric has a 12 month low of $16.02 and a 12 month high of $30.90.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 25th. Investors of record on Wednesday, December 27th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.95%. The ex-dividend date is Tuesday, December 26th. General Electric’s dividend payout ratio (DPR) is currently 55.81%.
In other General Electric news, Chairman John Leonard Flannery purchased 60,000 shares of the firm’s stock in a transaction on Wednesday, November 15th. The stock was bought at an average cost of $18.27 per share, for a total transaction of $1,096,200.00. Following the completion of the purchase, the chairman now owns 575,477 shares in the company, valued at approximately $10,513,964.79. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Steven M. Mollenkopf purchased 5,500 shares of the firm’s stock in a transaction on Thursday, November 16th. The stock was acquired at an average price of $18.24 per share, with a total value of $100,320.00. Following the completion of the purchase, the director now owns 5,500 shares of the company’s stock, valued at approximately $100,320. The disclosure for this purchase can be found here. Insiders have purchased a total of 120,500 shares of company stock valued at $2,183,220 over the last 90 days. 0.36% of the stock is currently owned by company insiders.
A number of equities analysts have recently issued reports on the company. Vetr downgraded General Electric from a “hold” rating to a “sell” rating and set a $23.72 price target on the stock. in a research report on Monday, September 25th. Morgan Stanley dropped their price target on General Electric from $26.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Monday, October 2nd. Credit Suisse Group reissued an “outperform” rating and set a $30.00 price target (down previously from $33.00) on shares of General Electric in a research report on Thursday, October 5th. JPMorgan Chase & Co. reissued an “underweight” rating and set a $20.00 price target (down previously from $22.00) on shares of General Electric in a research report on Monday, October 9th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $26.00 price target on shares of General Electric in a research report on Thursday, October 12th. Six research analysts have rated the stock with a sell rating, nine have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $22.94.
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General Electric Company Profile
General Electric Company is a global digital industrial company. The Company’s products and services range from aircraft engines, power generation, and oil and gas production equipment to medical imaging, financing and industrial products. Its segments include Power, which includes products and services related to energy production; Renewable Energy, which offers renewable power sources; Oil & Gas, including liquefied natural gas and pipelines; Aviation, which includes commercial and military aircraft engines, and integrated digital components, among others; Healthcare, which provides healthcare technologies in medical imaging, digital solutions, patient monitoring and diagnostics, and drug discovery, among others; Transportation, which is a supplier to the railroad, mining, marine, stationary power and drilling industries; Energy Connections & Lighting, which includes Energy Connections and Lighting businesses, and Capital, which is a financial services division.
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