Ashburton Jersey Ltd reduced its stake in shares of General Electric Company (NYSE:GE) by 0.4% during the third quarter, Holdings Channel reports. The institutional investor owned 366,145 shares of the company’s stock after selling 1,485 shares during the period. General Electric Company accounts for approximately 4.9% of Ashburton Jersey Ltd’s investment portfolio, making the stock its 9th largest position. Ashburton Jersey Ltd’s holdings in General Electric Company were worth $10,845,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of GE. Sigma Investment Counselors Inc. boosted its stake in General Electric Company by 1.8% in the second quarter. Sigma Investment Counselors Inc. now owns 91,393 shares of the company’s stock valued at $2,877,000 after buying an additional 1,618 shares in the last quarter. Alps Advisors Inc. purchased a new position in shares of General Electric Company during the second quarter valued at approximately $338,000. Bartlett & Co. LLC boosted its position in shares of General Electric Company by 4.1% in the second quarter. Bartlett & Co. LLC now owns 297,901 shares of the company’s stock valued at $9,378,000 after buying an additional 11,794 shares during the period. RS Investment Management Co. LLC boosted its position in shares of General Electric Company by 0.3% in the second quarter. RS Investment Management Co. LLC now owns 1,090,981 shares of the company’s stock valued at $34,344,000 after buying an additional 2,955 shares during the period. Finally, MSI Financial Services Inc boosted its position in shares of General Electric Company by 5.1% in the second quarter. MSI Financial Services Inc now owns 697,010 shares of the company’s stock valued at $21,942,000 after buying an additional 33,634 shares during the period. 54.68% of the stock is owned by institutional investors.

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

Shares of General Electric Company (NYSE:GE) opened at 30.45 on Friday. General Electric Company has a 52 week low of $27.36 and a 52 week high of $33.00. The stock has a 50 day moving average price of $30.57 and a 200-day moving average price of $30.48. The firm has a market capitalization of $267.81 billion, a price-to-earnings ratio of 33.98 and a beta of 1.20.

General Electric Company (NYSE:GE) last posted its earnings results on Friday, January 20th. The company reported $0.46 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.46. The business had revenue of $33.10 billion for the quarter, compared to analyst estimates of $33.67 billion. General Electric Company had a return on equity of 15.99% and a net margin of 6.86%. The firm’s revenue was down 2.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.52 EPS. On average, equities research analysts forecast that General Electric Company will post $1.63 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 25th. Shareholders of record on Monday, February 27th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 3.15%. The ex-dividend date of this dividend is Thursday, February 23rd. General Electric Company’s dividend payout ratio is 106.67%.

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Several brokerages recently commented on GE. Zacks Investment Research cut General Electric Company from a “hold” rating to a “sell” rating in a research report on Tuesday, December 27th. Goldman Sachs Group, Inc. (The) set a $31.00 target price on General Electric Company and gave the stock a “neutral” rating in a research report on Monday, December 12th. RBC Capital Markets reaffirmed a “buy” rating and issued a $37.00 target price on shares of General Electric Company in a research report on Thursday, January 5th. J P Morgan Chase & Co reaffirmed an “underweight” rating and issued a $28.00 target price on shares of General Electric Company in a research report on Thursday, January 5th. Finally, Stifel Nicolaus set a $34.00 target price on General Electric Company and gave the stock a “buy” rating in a research report on Thursday, December 8th. Three research analysts have rated the stock with a sell rating, six have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $33.55.

In other General Electric Company news, Vice Chairman David Leon Joyce sold 159,662 shares of the company’s stock in a transaction on Friday, February 3rd. The stock was sold at an average price of $29.56, for a total value of $4,719,608.72. Following the transaction, the insider now directly owns 738,907 shares of the company’s stock, valued at approximately $21,842,090.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jeffrey S. Bornstein acquired 5,000 shares of the firm’s stock in a transaction on Tuesday, January 31st. The stock was purchased at an average cost of $29.63 per share, for a total transaction of $148,150.00. Following the completion of the acquisition, the insider now owns 68,757 shares in the company, valued at $2,037,269.91. The disclosure for this purchase can be found here. Corporate insiders own 0.23% of the company’s stock.

General Electric Company Company Profile

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