Winslow Evans & Crocker Inc. Has $2.61 Million Position in General Electric Company (GE)
Winslow Evans & Crocker Inc. increased its holdings in General Electric Company (NYSE:GE) by 0.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 96,741 shares of the conglomerate’s stock after purchasing an additional 63 shares during the quarter. Winslow Evans & Crocker Inc.’s holdings in General Electric were worth $2,613,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Ullmann Financial Group Inc. acquired a new position in shares of General Electric during the first quarter valued at approximately $106,000. Feltz Wealth PLAN Inc. acquired a new position in shares of General Electric during the first quarter valued at approximately $114,000. PHH Investments Ltd. raised its holdings in shares of General Electric by 105.0% during the first quarter. PHH Investments Ltd. now owns 3,905 shares of the conglomerate’s stock valued at $116,000 after acquiring an additional 2,000 shares during the last quarter. Oakmont Partners LLC raised its holdings in shares of General Electric by 3.6% during the second quarter. Oakmont Partners LLC now owns 8,034 shares of the conglomerate’s stock valued at $217,000 after acquiring an additional 278 shares during the last quarter. Finally, Cascade Investment Advisors Inc. raised its holdings in shares of General Electric by 25.2% during the second quarter. Cascade Investment Advisors Inc. now owns 8,081 shares of the conglomerate’s stock valued at $218,000 after acquiring an additional 1,625 shares during the last quarter. 54.69% of the stock is owned by institutional investors.
In other news, insider Alexander Dimitrief acquired 1,845 shares of the firm’s stock in a transaction on Monday, July 24th. The stock was bought at an average cost of $25.54 per share, with a total value of $47,121.30. Following the transaction, the insider now directly owns 65,597 shares in the company, valued at approximately $1,675,347.38. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Vice Chairman Elizabeth J. Comstock sold 24,693 shares of the company’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $25.65, for a total transaction of $633,375.45. Following the completion of the transaction, the insider now directly owns 175,717 shares of the company’s stock, valued at $4,507,141.05. The disclosure for this sale can be found here. Over the last ninety days, insiders have purchased 233,253 shares of company stock valued at $5,860,264. 0.36% of the stock is owned by corporate insiders.
Shares of General Electric Company (GE) traded down 0.30% during mid-day trading on Friday, hitting $22.98. The stock had a trading volume of 40,391,802 shares. The stock has a market cap of $1.56 billion, a P/E ratio of 21.28 and a beta of 1.19. General Electric Company has a 12-month low of $22.83 and a 12-month high of $32.38. The company’s 50 day moving average price is $24.25 and its 200 day moving average price is $26.76.
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, topping analysts’ consensus estimates of $0.25 by $0.03. General Electric had a net margin of 6.45% and a return on equity of 14.59%. The firm had revenue of $29.56 billion during the quarter, compared to analysts’ expectations of $29.07 billion. During the same period in the prior year, the company earned $0.51 EPS. The firm’s revenue was down 11.8% on a year-over-year basis. Equities research analysts predict that General Electric Company will post $1.53 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Investors of record on Monday, September 18th will be given a dividend of $0.24 per share. The ex-dividend date is Friday, September 15th. This represents a $0.96 dividend on an annualized basis and a yield of 4.18%. General Electric’s dividend payout ratio (DPR) is 118.52%.
GE has been the subject of a number of research analyst reports. UBS AG reissued a “buy” rating and set a $31.00 target price (down previously from $35.00) on shares of General Electric in a report on Tuesday, July 25th. Vetr cut General Electric from a “strong-buy” rating to a “buy” rating and set a $25.63 target price for the company. in a report on Wednesday, September 13th. Goldman Sachs Group, Inc. (The) set a $29.00 target price on General Electric and gave the company a “neutral” rating in a report on Friday, July 7th. Credit Suisse Group reissued an “outperform” rating and set a $33.00 target price on shares of General Electric in a report on Saturday, July 22nd. Finally, J P Morgan Chase & Co reissued an “underweight” rating and set a $22.00 target price on shares of General Electric in a report on Thursday, September 7th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the stock. General Electric currently has a consensus rating of “Hold” and an average target price of $28.16.
General Electric Company Profile
Want to see what other hedge funds are holding GE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for General Electric Company (NYSE:GE).
Receive News & Ratings for General Electric Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Electric Company and related companies with MarketBeat.com's FREE daily email newsletter.