Willingdon Wealth Management trimmed its position in shares of General Electric Company (NYSE:GE) by 56.3% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,598 shares of the conglomerate’s stock after selling 43,235 shares during the period. Willingdon Wealth Management’s holdings in General Electric were worth $907,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Ullmann Financial Group Inc. acquired a new position in General Electric during the first quarter worth $106,000. PHH Investments Ltd. raised its stake in shares of General Electric by 105.0% in the first quarter. PHH Investments Ltd. now owns 3,905 shares of the conglomerate’s stock valued at $116,000 after acquiring an additional 2,000 shares in the last quarter. Oakmont Partners LLC raised its stake in shares of General Electric by 3.6% in the second quarter. Oakmont Partners LLC now owns 8,034 shares of the conglomerate’s stock valued at $217,000 after acquiring an additional 278 shares in the last quarter. Cascade Investment Advisors Inc. raised its stake in shares of General Electric by 25.2% in the second quarter. Cascade Investment Advisors Inc. now owns 8,081 shares of the conglomerate’s stock valued at $218,000 after acquiring an additional 1,625 shares in the last quarter. Finally, Barber Financial Group Inc. raised its stake in shares of General Electric by 3.1% in the first quarter. Barber Financial Group Inc. now owns 7,363 shares of the conglomerate’s stock valued at $219,000 after acquiring an additional 220 shares in the last quarter. Institutional investors own 55.74% of the company’s stock.

Several brokerages have recently issued reports on GE. Cowen reiterated a “hold” rating and issued a $24.00 price objective on shares of General Electric in a research note on Monday, August 7th. J P Morgan Chase & Co reiterated an “underweight” rating and issued a $22.00 price objective on shares of General Electric in a research note on Thursday, September 7th. Vetr cut General Electric from a “hold” rating to a “sell” rating and set a $23.72 price objective on the stock. in a research note on Monday, September 25th. Credit Suisse Group reiterated an “outperform” rating and issued a $30.00 price objective (down from $33.00) on shares of General Electric in a research note on Thursday, October 5th. Finally, Morgan Stanley reduced their price objective on General Electric from $26.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Monday, October 2nd. Six investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. General Electric has an average rating of “Hold” and an average target price of $24.31.

In other news, Director Steven M. Mollenkopf acquired 5,500 shares of the company’s stock in a transaction on Thursday, November 16th. The shares were bought at an average price of $18.24 per share, with a total value of $100,320.00. Following the completion of the acquisition, the director now owns 5,500 shares in the company, valued at approximately $100,320. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Francisco Dsouza acquired 55,000 shares of the company’s stock in a transaction on Monday, November 20th. The shares were purchased at an average cost of $17.94 per share, for a total transaction of $986,700.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 120,500 shares of company stock worth $2,183,220. 0.36% of the stock is owned by insiders.

General Electric Company (NYSE:GE) traded down $0.20 during trading on Tuesday, reaching $17.75. The company’s stock had a trading volume of 14,585,562 shares, compared to its average volume of 45,027,035. General Electric Company has a one year low of $17.46 and a one year high of $32.38. 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 $155,056.88, a PE ratio of 14.42, a PEG ratio of 1.94 and a beta of 1.06.

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

COPYRIGHT VIOLATION NOTICE: This report was posted by Watch List News and is the sole property of of Watch List News. If you are viewing this report on another site, it was illegally stolen and republished in violation of U.S. & international copyright laws. The original version of this report can be read at https://www.watchlistnews.com/willingdon-wealth-management-decreases-holdings-in-general-electric-company-ge/1745276.html.

About General Electric

Want to see what other hedge funds are holding GE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for General Electric Company (NYSE:GE).

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

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