Atlas Brown Inc. raised its position in shares of General Electric Company (NYSE:GE) by 5.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 79,170 shares of the conglomerate’s stock after buying an additional 4,445 shares during the period. General Electric makes up about 1.9% of Atlas Brown Inc.’s holdings, making the stock its 10th largest position. Atlas Brown Inc.’s holdings in General Electric were worth $2,138,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in GE. Norges Bank purchased a new position in shares of General Electric during the fourth quarter valued at about $2,383,193,000. Harris Associates L P raised its position in shares of General Electric by 26.4% in the first quarter. Harris Associates L P now owns 46,376,143 shares of the conglomerate’s stock valued at $1,382,009,000 after buying an additional 9,681,420 shares in the last quarter. Trustees of General Electric Pension Trust purchased a new position in shares of General Electric during the fourth quarter valued at about $1,038,590,000. Schwab Charles Investment Management Inc. raised its position in shares of General Electric by 2.9% in the first quarter. Schwab Charles Investment Management Inc. now owns 27,649,070 shares of the conglomerate’s stock valued at $823,943,000 after buying an additional 776,656 shares in the last quarter. Finally, Teachers Advisors LLC raised its position in shares of General Electric by 16.5% in the fourth quarter. Teachers Advisors LLC now owns 18,282,715 shares of the conglomerate’s stock valued at $577,734,000 after buying an additional 2,592,455 shares in the last quarter. 54.29% of the stock is owned by institutional investors and hedge funds.

General Electric Company (GE) traded down 0.66% during trading on Monday, hitting $25.61. The stock had a trading volume of 6,184,639 shares. General Electric Company has a 52-week low of $25.26 and a 52-week high of $32.38. The company’s 50 day moving average is $26.94 and its 200 day moving average is $28.78. The firm has a market cap of $221.73 billion, a PE ratio of 31.19 and a beta of 1.21.

General Electric (NYSE:GE) last issued its quarterly earnings results on Friday, July 21st. The conglomerate reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.03. The business had revenue of $29.56 billion for the quarter, compared to the consensus estimate of $29.07 billion. General Electric had a return on equity of 14.59% and a net margin of 6.45%. The business’s quarterly revenue was down 11.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.51 earnings per share. Equities research analysts forecast that General Electric Company will post $1.57 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 25th. Stockholders of record on Monday, June 19th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.72%. The ex-dividend date was Thursday, June 15th. General Electric’s payout ratio is presently 118.52%.

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Several research analysts have recently issued reports on GE shares. UBS AG reissued a “buy” rating and issued a $31.00 target price (down previously from $35.00) on shares of General Electric in a research report on Tuesday, July 25th. Deutsche Bank AG set a $24.00 target price on General Electric and gave the stock a “sell” rating in a research report on Monday, May 29th. Citigroup Inc. reissued a “buy” rating and issued a $34.00 target price (down previously from $36.00) on shares of General Electric in a research report on Monday, July 10th. Vetr lowered General Electric from a “buy” rating to a “hold” rating and set a $28.47 target price for the company. in a research report on Thursday, May 11th. Finally, Goldman Sachs Group, Inc. (The) set a $29.00 target price on General Electric and gave the stock a “neutral” rating in a research report on Friday, July 7th. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $30.08.

In related news, Director William G. Beattie acquired 16,000 shares of the company’s stock in a transaction dated Monday, May 15th. The shares were purchased at an average cost of $28.05 per share, with a total value of $448,800.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William G. Beattie acquired 4,000 shares of the company’s stock in a transaction dated Wednesday, May 17th. The shares were bought at an average cost of $27.70 per share, for a total transaction of $110,800.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 149,270 shares of company stock worth $4,113,059. Insiders own 0.36% of the company’s stock.

About General Electric

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

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