DF Dent & Co. Inc. lowered its position in General Electric Company (NYSE:GE) by 0.4% during the first quarter, Holdings Channel reports. The fund owned 116,769 shares of the conglomerate’s stock after selling 431 shares during the period. DF Dent & Co. Inc.’s holdings in General Electric were worth $3,480,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in GE. Jarislowsky Fraser Ltd boosted its stake in shares of General Electric by 5.5% in the fourth quarter. Jarislowsky Fraser Ltd now owns 4,075,563 shares of the conglomerate’s stock worth $128,787,000 after buying an additional 211,742 shares during the period. Discovery Capital Management LLC CT acquired a new stake in shares of General Electric during the fourth quarter worth $29,719,000. Roundview Capital LLC boosted its stake in shares of General Electric by 2.0% in the fourth quarter. Roundview Capital LLC now owns 76,472 shares of the conglomerate’s stock worth $2,417,000 after buying an additional 1,515 shares during the period. AE Wealth Management LLC acquired a new stake in shares of General Electric during the fourth quarter worth $2,092,000. Finally, Banco Santander S.A. acquired a new stake in shares of General Electric during the fourth quarter worth $13,259,000. Institutional investors and hedge funds own 54.29% of the company’s stock.

General Electric Company (NYSE:GE) traded down 0.836% on Thursday, hitting $25.495. 6,076,337 shares of the company were exchanged. The firm has a market cap of $220.73 billion, a price-to-earnings ratio of 31.054 and a beta of 1.21. The stock has a 50 day moving average price of $26.42 and a 200 day moving average price of $28.58. General Electric Company has a one year low of $25.26 and a one year high of $32.38.

General Electric (NYSE:GE) last posted its quarterly earnings results on Friday, July 21st. The conglomerate reported $0.28 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.03. The business had revenue of $29.56 billion during the quarter, compared to the consensus estimate of $29.07 billion. General Electric had a net margin of 6.45% and a return on equity of 14.59%. General Electric’s revenue for the quarter was down 11.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.51 earnings per share. On average, equities research analysts forecast that General Electric Company will post $1.57 EPS for the current fiscal 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 dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.73%. The ex-dividend date of this dividend was Thursday, June 15th. General Electric’s dividend payout ratio (DPR) is 118.52%.

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A number of analysts recently weighed in on GE shares. Deutsche Bank AG set a $24.00 price target on shares of General Electric and gave the stock a “sell” rating in a research report on Saturday, May 20th. Vetr cut shares of General Electric from a “strong-buy” rating to a “buy” rating and set a $30.48 price objective for the company. in a research report on Tuesday, July 4th. Morgan Stanley reissued an “equal weight” rating and issued a $26.00 price objective (down from $27.00) on shares of General Electric in a research report on Monday, July 24th. Stifel Nicolaus upped their price objective on shares of General Electric from $32.00 to $33.00 and gave the company a “buy” rating in a research report on Tuesday, April 25th. Finally, Royal Bank Of Canada decreased their price objective on shares of General Electric from $36.00 to $35.00 and set an “outperform” rating for the company in a research report on Monday, April 24th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. General Electric presently has an average rating of “Hold” and a consensus price target of $30.08.

In other news, CEO John Leonard Flannery acquired 103,983 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The stock was purchased at an average price of $25.56 per share, for a total transaction of $2,657,805.48. Following the completion of the acquisition, the chief executive officer now owns 509,430 shares in the company, valued at $13,021,030.80. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director William G. Beattie acquired 16,000 shares of the firm’s stock in a transaction that occurred on Monday, May 15th. The shares were purchased at an average price of $28.05 per share, with a total value of $448,800.00. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 253,253 shares of company stock valued at $6,770,864. 0.36% of the stock is currently owned by insiders.

General Electric Company Profile

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

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