General Electric Company (NYSE:GE) Shares Sold by Diversified Trust Co
Diversified Trust Co decreased its stake in shares of General Electric Company (NYSE:GE) by 32.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 56,353 shares of the conglomerate’s stock after selling 26,607 shares during the period. Diversified Trust Co’s holdings in General Electric were worth $1,522,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Ullmann Financial Group Inc. bought a new position in shares of General Electric during the first quarter valued at approximately $106,000. Feltz Wealth PLAN Inc. bought a new position in shares of General Electric during the first quarter valued at approximately $114,000. PHH Investments Ltd. increased its position 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 buying an additional 2,000 shares in the last quarter. Heritage Way Advisors LLC bought a new position in shares of General Electric during the fourth quarter valued at approximately $205,000. Finally, Cheviot Value Management LLC bought a new position in shares of General Electric during the fourth quarter valued at approximately $208,000. 54.29% of the stock is owned by hedge funds and other institutional investors.
Shares of General Electric Company (NYSE GE) traded up 0.7850% during mid-day trading on Tuesday, reaching $25.8312. The company’s stock had a trading volume of 7,037,995 shares. The firm’s 50-day moving average price is $26.94 and its 200 day moving average price is $28.78. The firm has a market cap of $223.65 billion, a P/E ratio of 31.4631 and a beta of 1.21. General Electric Company has a 12-month low of $25.26 and a 12-month high of $32.38.
General Electric (NYSE:GE) last announced its quarterly earnings results on Friday, July 21st. The conglomerate reported $0.28 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.03. General Electric had a return on equity of 14.59% and a net margin of 6.45%. The firm had revenue of $29.56 billion during the quarter, compared to analyst estimates of $29.07 billion. During the same quarter in the previous year, the business earned $0.51 EPS. General Electric’s revenue for the quarter was down 11.8% compared to the same quarter last year. On average, analysts expect that General Electric Company will post $1.57 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 25th. Investors of record on Monday, June 19th were paid a $0.24 dividend. The ex-dividend date of this dividend was Thursday, June 15th. This represents a $0.96 annualized dividend and a dividend yield of 3.75%. General Electric’s dividend payout ratio is presently 118.52%.
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A number of brokerages have recently issued reports on GE. UBS AG reiterated a “buy” rating and set a $31.00 price target (down previously from $35.00) on shares of General Electric in a research report on Tuesday, July 25th. Stifel Nicolaus boosted their target price on General Electric from $32.00 to $33.00 and gave the stock a “buy” rating in a research report on Tuesday, April 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. Vetr downgraded 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 research analysts have rated the stock with a sell rating, eight have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. General Electric currently has a consensus rating of “Hold” and a consensus price target of $30.08.
In other news, Director William G. Beattie acquired 16,000 shares of the business’s stock in a transaction on Monday, May 15th. The stock was bought at an average cost of $28.05 per share, for a total transaction of $448,800.00. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Alexander Dimitrief acquired 1,845 shares of the business’s stock in a transaction on Monday, July 24th. The shares were purchased at an average price of $25.54 per share, with a total value of $47,121.30. Following the completion of the purchase, the insider now owns 65,597 shares in the company, valued at approximately $1,675,347.38. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 149,270 shares of company stock valued at $4,113,059. 0.36% of the stock is owned by company insiders.
General Electric Company Profile
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