Roof Eidam & Maycock ADV Has $1,087,000 Stake in General Electric Co. (GE)
Roof Eidam & Maycock ADV decreased its position in General Electric Co. (NYSE:GE) by 0.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,545 shares of the company’s stock after selling 234 shares during the period. Roof Eidam & Maycock ADV’s holdings in General Electric were worth $1,087,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Catamount Wealth Management raised its stake in shares of General Electric by 35.3% in the first quarter. Catamount Wealth Management now owns 3,451 shares of the company’s stock worth $110,000 after buying an additional 901 shares during the last quarter. James Investment Research Inc. raised its stake in shares of General Electric by 2.6% in the second quarter. James Investment Research Inc. now owns 5,850 shares of the company’s stock worth $184,000 after buying an additional 150 shares during the last quarter. Cranbrook Wealth Management LLC raised its stake in shares of General Electric by 20.1% in the second quarter. Cranbrook Wealth Management LLC now owns 5,984 shares of the company’s stock worth $188,000 after buying an additional 1,000 shares during the last quarter. Northwest Investment Counselors LLC raised its stake in shares of General Electric by 2.7% in the second quarter. Northwest Investment Counselors LLC now owns 6,860 shares of the company’s stock worth $216,000 after buying an additional 182 shares during the last quarter. Finally, Barry Investment Advisors LLC raised its stake in shares of General Electric by 0.7% in the second quarter. Barry Investment Advisors LLC now owns 6,871 shares of the company’s stock worth $216,000 after buying an additional 50 shares during the last quarter. 55.81% of the stock is currently owned by institutional investors and hedge funds.
Shares of General Electric Co. (NYSE:GE) traded up 0.82% during midday trading on Tuesday, reaching $29.67. The company had a trading volume of 29,644,540 shares. The firm’s 50 day moving average price is $30.95 and its 200-day moving average price is $30.85. The company has a market capitalization of $265.88 billion, a P/E ratio of 25.08 and a beta of 1.11. General Electric Co. has a 12 month low of $24.26 and a 12 month high of $33.00.
General Electric (NYSE:GE) last announced its quarterly earnings data on Friday, July 22nd. The company reported $0.51 EPS for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.05. The business earned $33.49 million during the quarter, compared to analyst estimates of $31.76 billion. General Electric had a net margin of 9.14% and a return on equity of 15.04%. The firm’s revenue for the quarter was up 14.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.31 earnings per share. Analysts anticipate that General Electric Co. will post $1.51 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 25th. Investors of record on Monday, September 19th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 3.10%. The ex-dividend date of this dividend is Thursday, September 15th. General Electric’s dividend payout ratio (DPR) is presently 77.97%.
A number of brokerages have recently issued reports on GE. Credit Suisse Group AG reaffirmed a “buy” rating on shares of General Electric in a research report on Saturday, July 9th. Oppenheimer Holdings Inc. reaffirmed a “market perform” rating on shares of General Electric in a research report on Tuesday, June 28th. Vetr lowered General Electric from a “strong-buy” rating to a “buy” rating and set a $33.10 target price on the stock. in a research report on Wednesday, May 25th. JPMorgan Chase & Co. reaffirmed a “sell” rating on shares of General Electric in a research report on Wednesday, June 29th. Finally, William Blair set a $38.00 price target on General Electric and gave the stock a “buy” rating in a research note on Thursday, September 8th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have assigned a buy rating to the stock. General Electric presently has an average rating of “Buy” and an average price target of $32.64.
In other General Electric news, Chairman Jeffrey R. Immelt purchased 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 26th. The stock was purchased at an average price of $31.45 per share, with a total value of $1,572,500.00. Following the completion of the transaction, the chairman now directly owns 2,198,688 shares of the company’s stock, valued at approximately $69,148,737.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.23% of the stock is currently owned by corporate insiders.
General Electric Company Profile
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