WMS Partners LLC lowered its stake in General Electric (NYSE:GE) by 1.6% during the third quarter, HoldingsChannel.com reports. The firm owned 402,417 shares of the conglomerate’s stock after selling 6,571 shares during the quarter. General Electric comprises approximately 1.2% of WMS Partners LLC’s portfolio, making the stock its 29th biggest holding. WMS Partners LLC’s holdings in General Electric were worth $9,730,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Mosaic Family Wealth LLC grew its holdings in General Electric by 17.3% during the third quarter. Mosaic Family Wealth LLC now owns 48,916 shares of the conglomerate’s stock worth $1,183,000 after acquiring an additional 7,207 shares during the period. SOL Capital Management CO grew its holdings in General Electric by 2.5% during the third quarter. SOL Capital Management CO now owns 128,390 shares of the conglomerate’s stock worth $3,104,000 after acquiring an additional 3,190 shares during the period. Vicus Capital grew its holdings in General Electric by 35.4% during the third quarter. Vicus Capital now owns 134,828 shares of the conglomerate’s stock worth $3,260,000 after acquiring an additional 35,220 shares during the period. Crossmark Global Holdings Inc. acquired a new position in General Electric during the third quarter worth $10,664,000. Finally, SPC Financial Inc. grew its holdings in General Electric by 8.4% during the third quarter. SPC Financial Inc. now owns 45,704 shares of the conglomerate’s stock worth $1,105,000 after acquiring an additional 3,550 shares during the period. 55.63% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director Francisco Dsouza acquired 55,000 shares of General Electric stock in a transaction dated Monday, November 20th. The shares were acquired at an average cost of $17.94 per share, for a total transaction of $986,700.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Steven M. Mollenkopf acquired 5,500 shares of General Electric stock in a transaction dated Thursday, November 16th. The stock was bought at an average price of $18.24 per share, for a total transaction of $100,320.00. Following the completion of the transaction, the director now directly owns 5,500 shares of the company’s stock, valued at $100,320. The disclosure for this purchase can be found here. Insiders bought 120,500 shares of company stock worth $2,183,220 over the last 90 days. Company insiders own 0.36% of the company’s stock.

A number of brokerages recently weighed in on GE. Vetr lowered General Electric from a “hold” rating to a “sell” rating and set a $23.72 price objective on the stock. in a report on Monday, September 25th. Cowen reissued a “hold” rating and issued a $19.00 target price on shares of General Electric in a report on Wednesday, November 8th. Deutsche Bank set a $21.00 target price on General Electric and gave the company a “sell” rating in a report on Monday, October 23rd. Tigress Financial reissued a “hold” rating on shares of General Electric in a report on Thursday, December 28th. Finally, JPMorgan Chase & Co. reissued an “underweight” rating on shares of General Electric in a report on Thursday, September 21st. Six investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $23.33.

Shares of General Electric (GE) opened at $18.56 on Wednesday. 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 12-month low of $17.25 and a 12-month high of $31.62. The stock has a market capitalization of $160,950.00, a price-to-earnings ratio of 21.58, a PEG ratio of 2.05 and a beta of 1.07.

General Electric (NYSE:GE) last issued its quarterly earnings data on Friday, October 20th. The conglomerate reported $0.29 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 company had revenue of $33.47 billion during the quarter, compared to analysts’ expectations of $32.51 billion. During the same quarter in the prior year, the company earned $0.32 earnings per share. The firm’s revenue was up 11.5% compared to the same quarter last year. sell-side analysts anticipate that General Electric will post 1.07 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 25th. Stockholders of record on Wednesday, December 27th will be given a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, December 26th. This represents a $0.48 annualized dividend and a dividend yield of 2.59%. General Electric’s dividend payout ratio is currently 55.81%.

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About General Electric

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

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