General Electric Company (NYSE:GE) Shares Sold by Dynamic Capital Management Ltd
Dynamic Capital Management Ltd decreased its stake in shares of General Electric Company (NYSE:GE) by 71.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 28,700 shares of the conglomerate’s stock after selling 73,413 shares during the period. Dynamic Capital Management Ltd’s holdings in General Electric were worth $855,000 as of its most recent filing with the SEC.
Other institutional investors have also added to or reduced their stakes in the company. Bristol Advisors LLC acquired a new position in General Electric during the fourth quarter valued at approximately $4,449,000. Chilton Capital Management LLC boosted its position in General Electric by 24.9% in the fourth quarter. Chilton Capital Management LLC now owns 522,614 shares of the conglomerate’s stock valued at $16,515,000 after buying an additional 104,099 shares during the period. Parallel Advisors LLC acquired a new position in General Electric during the fourth quarter valued at approximately $3,416,000. Tyers Asset Management LLC acquired a new position in General Electric during the fourth quarter valued at approximately $2,007,000. Finally, Envestnet Asset Management Inc. boosted its position in General Electric by 2.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 703,750 shares of the conglomerate’s stock valued at $22,229,000 after buying an additional 15,256 shares during the period. Institutional investors own 54.29% of the company’s stock.
Shares of General Electric Company (NYSE GE) traded down 0.525% on Thursday, hitting $25.575. The stock had a trading volume of 2,428,972 shares. The firm 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 52 week low of $25.26 and a 52 week high of $32.38. The company has a market cap of $221.43 billion, a price-to-earnings ratio of 31.151 and a beta of 1.21.
General Electric (NYSE:GE) last posted its quarterly earnings data on Friday, July 21st. The conglomerate reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.03. The company had revenue of $29.56 billion for the quarter, compared to analyst estimates of $29.07 billion. General Electric had a return on equity of 14.59% and a net margin of 6.45%. The business’s revenue was down 11.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.51 earnings per share. Analysts anticipate that General Electric Company will post $1.57 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 25th. Shareholders of record on Monday, June 19th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 3.73%. The ex-dividend date of this dividend was Thursday, June 15th. General Electric’s dividend payout ratio is currently 118.52%.
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GE has been the subject of several research analyst reports. Vetr cut General Electric from a “buy” rating to a “hold” rating and set a $30.43 target price for the company. in a research note on Friday, April 14th. Cowen and Company reiterated a “hold” rating and set a $30.00 target price on shares of General Electric in a research note on Thursday, April 20th. Royal Bank Of Canada reduced their target price on General Electric from $36.00 to $35.00 and set an “outperform” rating for the company in a research note on Monday, April 24th. Argus reduced their target price on General Electric from $36.00 to $33.00 and set a “buy” rating for the company in a research note on Monday, April 24th. Finally, Bank of America Corporation cut General Electric from a “buy” rating to a “neutral” rating and reduced their target price for the company from $35.00 to $31.00 in a research note on Tuesday, April 25th. Four equities 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 given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $30.08.
In other General Electric news, Chairman Jeffrey R. Immelt acquired 100,000 shares of General Electric stock in a transaction on Monday, May 15th. The shares were bought at an average price of $28.07 per share, with a total value of $2,807,000.00. Following the completion of the purchase, the chairman now owns 2,561,926 shares in the company, valued at $71,913,262.82. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Vice Chairman Elizabeth J. Comstock sold 24,693 shares of the business’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $25.65, for a total value of $633,375.45. Following the completion of the transaction, the insider now directly owns 175,717 shares in the company, valued at approximately $4,507,141.05. The disclosure for this sale can be found here. In the last three months, insiders acquired 253,253 shares of company stock worth $6,770,864. Insiders own 0.36% of the company’s stock.
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