Cubic Asset Management LLC lifted its stake in shares of General Electric Company (NYSE:GE) by 1.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 234,961 shares of the conglomerate’s stock after purchasing an additional 3,485 shares during the period. General Electric accounts for about 1.9% of Cubic Asset Management LLC’s portfolio, making the stock its 12th largest holding. Cubic Asset Management LLC’s holdings in General Electric were worth $6,346,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Ullmann Financial Group Inc. acquired a new position in shares of General Electric during the 1st quarter worth approximately $106,000. Feltz Wealth PLAN Inc. acquired a new position in shares of General Electric during the 1st quarter worth approximately $114,000. PHH Investments Ltd. boosted its holdings in shares of General Electric by 105.0% during the 1st quarter. PHH Investments Ltd. now owns 3,905 shares of the conglomerate’s stock worth $116,000 after purchasing an additional 2,000 shares during the last quarter. Oakmont Partners LLC raised its position in shares of General Electric by 3.6% during the 2nd quarter. Oakmont Partners LLC now owns 8,034 shares of the conglomerate’s stock valued at $217,000 after buying an additional 278 shares during the period. Finally, Cascade Investment Advisors Inc. raised its position in shares of General Electric by 25.2% during the 2nd quarter. Cascade Investment Advisors Inc. now owns 8,081 shares of the conglomerate’s stock valued at $218,000 after buying an additional 1,625 shares during the period. Institutional investors and hedge funds own 54.67% of the company’s stock.

GE has been the topic of several analyst reports. Stifel Nicolaus reaffirmed a “buy” rating and set a $26.00 price target on shares of General Electric in a research report on Thursday, October 12th. Vetr lowered shares of General Electric from a “strong-buy” rating to a “buy” rating and set a $30.48 price target on the stock. in a research report on Tuesday, July 4th. Morgan Stanley reaffirmed an “equal weight” rating and set a $26.00 price target (down previously from $27.00) on shares of General Electric in a research report on Monday, July 24th. BidaskClub lowered shares of General Electric from a “sell” rating to a “strong sell” rating in a research report on Wednesday, June 28th. Finally, J P Morgan Chase & Co set a $22.00 price target on shares of General Electric and gave the company a “sell” rating in a research report on Monday, July 24th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $28.16.

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In other news, CEO John Leonard Flannery purchased 103,983 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The shares were purchased at an average price of $25.56 per share, with a total value of $2,657,805.48. Following the purchase, the chief executive officer now directly owns 509,430 shares of the company’s stock, valued at approximately $13,021,030.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Alexander Dimitrief purchased 1,845 shares of the company’s stock in a transaction that occurred on Monday, July 24th. The shares were purchased at an average cost of $25.54 per share, for a total transaction of $47,121.30. Following the purchase, the insider now directly owns 65,597 shares in the company, valued at $1,675,347.38. The disclosure for this purchase can be found here. Insiders have purchased a total of 233,253 shares of company stock worth $5,860,264 in the last ninety days. 0.36% of the stock is currently owned by insiders.

Shares of General Electric Company (NYSE GE) opened at 23.36 on Tuesday. General Electric Company has a 52-week low of $22.83 and a 52-week high of $32.38. The stock’s 50 day moving average price is $24.25 and its 200-day moving average price is $26.74. The stock has a market cap of $202.25 billion, a price-to-earnings ratio of 28.45 and a beta of 1.19.

General Electric (NYSE:GE) last issued its earnings results on Friday, July 21st. The conglomerate reported $0.28 EPS for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.03. General Electric had a net margin of 6.45% and a return on equity of 14.59%. The business had revenue of $29.56 billion for the quarter, compared to the consensus estimate of $29.07 billion. During the same quarter last year, the firm posted $0.51 EPS. The business’s revenue for the quarter was down 11.8% compared to the same quarter last year. On average, analysts predict that General Electric Company will post $1.53 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Investors of record on Monday, September 18th will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 4.11%. The ex-dividend date is Friday, September 15th. General Electric’s dividend payout ratio (DPR) is 118.52%.

General Electric Company Profile

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

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