Milestone Group Inc. lowered its holdings in shares of General Electric Company (NYSE:GE) by 15.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,363 shares of the conglomerate’s stock after selling 2,599 shares during the quarter. Milestone Group Inc.’s holdings in General Electric were worth $388,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. BerganKDV Wealth Management LLC raised its holdings in shares of General Electric by 0.3% during the 2nd quarter. BerganKDV Wealth Management LLC now owns 11,804 shares of the conglomerate’s stock valued at $319,000 after purchasing an additional 36 shares in the last quarter. Puplava Financial Services Inc. grew its stake in General Electric by 0.4% in the 2nd quarter. Puplava Financial Services Inc. now owns 11,209 shares of the conglomerate’s stock valued at $303,000 after buying an additional 41 shares during the last quarter. Northwest Wealth Management LLC grew its stake in General Electric by 0.8% in the 2nd quarter. Northwest Wealth Management LLC now owns 9,392 shares of the conglomerate’s stock valued at $254,000 after buying an additional 75 shares during the last quarter. Insight 2811 Inc. grew its stake in General Electric by 0.3% in the 1st quarter. Insight 2811 Inc. now owns 37,789 shares of the conglomerate’s stock valued at $1,126,000 after buying an additional 118 shares during the last quarter. Finally, Blue Fin Capital Inc. grew its stake in General Electric by 0.3% in the 1st quarter. Blue Fin Capital Inc. now owns 55,992 shares of the conglomerate’s stock valued at $1,668,000 after buying an additional 158 shares during the last quarter. Institutional investors and hedge funds own 54.67% of the company’s stock.

In other General Electric news, Director James S. Tisch acquired 100,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was acquired at an average price of $24.56 per share, for a total transaction of $2,456,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO John Leonard Flannery acquired 103,983 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The stock was acquired at an average price of $25.56 per share, with a total value of $2,657,805.48. Following the acquisition, the chief executive officer now owns 509,430 shares in the company, valued at $13,021,030.80. The disclosure for this purchase can be found here. 0.36% of the stock is owned by company insiders.

GE has been the topic of a number of research analyst reports. UBS AG reiterated a “buy” rating and issued a $31.00 target price (down from $35.00) on shares of General Electric in a research note on Tuesday, July 25th. Citigroup Inc. reiterated a “buy” rating and issued a $34.00 target price (down from $36.00) on shares of General Electric in a research note on Monday, July 10th. Credit Suisse Group reiterated an “outperform” rating and issued a $30.00 target price (down from $33.00) on shares of General Electric in a research note on Thursday, October 5th. Royal Bank Of Canada reiterated a “buy” rating and issued a $31.00 target price on shares of General Electric in a research note on Friday, September 15th. Finally, J P Morgan Chase & Co reiterated a “sell” rating and issued a target price on shares of General Electric in a research note on Thursday. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the company’s stock. General Electric currently has a consensus rating of “Hold” and a consensus target price of $27.93.

General Electric Company (NYSE:GE) opened at 23.83 on Monday. The firm has a 50 day moving average of $24.11 and a 200-day moving average of $26.55. The company has a market capitalization of $206.32 billion, a P/E ratio of 29.03 and a beta of 1.19. General Electric Company has a 52 week low of $22.10 and a 52 week high of $32.38.

General Electric (NYSE:GE) last issued its quarterly earnings data on Friday, October 20th. The conglomerate reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.20). The business had revenue of $33.47 billion during the quarter, compared to the consensus estimate of $32.51 billion. General Electric had a net margin of 5.38% and a return on equity of 10.18%. The firm’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.32 EPS. On average, analysts forecast that General Electric Company will post $1.53 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Investors of record on Monday, September 18th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Friday, September 15th. This represents a $0.96 dividend on an annualized basis and a yield of 4.03%. General Electric’s dividend payout ratio (DPR) is presently 120.00%.

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General Electric Company Profile

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

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