united american securities inc. d b a uas asset management Sells 293,015 Shares of General Electric Company (GE)
united american securities inc. d b a uas asset management lowered its stake in General Electric Company (NYSE:GE) by 94.6% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 16,620 shares of the conglomerate’s stock after selling 293,015 shares during the period. General Electric makes up 0.3% of united american securities inc. d b a uas asset management’s portfolio, making the stock its 21st largest position. united american securities inc. d b a uas asset management’s holdings in General Electric were worth $495,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of GE. NWQ Investment Management Company LLC raised its stake in General Electric by 3.0% in the fourth quarter. NWQ Investment Management Company LLC now owns 2,269,224 shares of the conglomerate’s stock valued at $71,707,000 after buying an additional 66,243 shares during the last quarter. GLG Partners LP bought a new stake in General Electric during the fourth quarter valued at $4,072,000. Freestone Capital Holdings LLC raised its stake in General Electric by 58.6% in the fourth quarter. Freestone Capital Holdings LLC now owns 18,081 shares of the conglomerate’s stock valued at $571,000 after buying an additional 6,679 shares during the last quarter. SRS Capital Advisors Inc. bought a new stake in General Electric during the fourth quarter valued at $435,000. Finally, Cheviot Value Management LLC bought a new stake in General Electric during the fourth quarter valued at $208,000. 54.29% of the stock is currently owned by institutional investors and hedge funds.
General Electric Company (NYSE GE) traded down 0.40% during mid-day trading on Friday, reaching $25.20. The company had a trading volume of 19,217,278 shares. The firm’s 50 day moving average price is $26.28 and its 200-day moving average price is $28.52. The company has a market capitalization of $218.18 billion, a price-to-earnings ratio of 30.69 and a beta of 1.21. General Electric Company has a 12 month low of $25.19 and a 12 month high of $32.38.
General Electric (NYSE:GE) last posted its quarterly earnings data on Friday, July 21st. The conglomerate reported $0.28 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.03. The firm had revenue of $29.56 billion during 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 firm’s revenue was down 11.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.51 EPS. Equities research analysts anticipate that General Electric Company will post $1.57 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 25th. Stockholders 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 3.81%. The ex-dividend date was Thursday, June 15th. General Electric’s dividend payout ratio (DPR) is 118.52%.
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GE has been the topic of several recent research reports. Vetr upgraded General Electric from a “hold” rating to a “buy” rating and set a $28.93 price target on the stock in a report on Wednesday, June 7th. Argus cut their price objective on General Electric from $36.00 to $33.00 and set a “buy” rating on the stock in a research report on Monday, April 24th. Stifel Nicolaus upped their price objective on General Electric from $32.00 to $33.00 and gave the company a “buy” rating in a research report on Tuesday, April 25th. Citigroup Inc. reaffirmed a “buy” rating and issued a $34.00 price objective (down previously from $36.00) on shares of General Electric in a research report on Monday, July 10th. Finally, UBS AG reaffirmed a “buy” rating and issued a $31.00 price objective (down previously from $35.00) on shares of General Electric in a research report on Tuesday, July 25th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $30.08.
In other General Electric news, Director James E. Rohr bought 27,425 shares of the business’s stock in a transaction dated Monday, July 24th. The stock was acquired at an average cost of $25.50 per share, with a total value of $699,337.50. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director William G. Beattie bought 16,000 shares of the business’s stock in a transaction dated Monday, May 15th. The shares were acquired at an average cost 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 bought 253,253 shares of company stock valued at $6,770,864. Company insiders own 0.36% of the company’s stock.
About General Electric
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