Sigma Investment Counselors Inc. lessened its holdings in shares of General Electric Company (NYSE:GE) by 6.9% in the second quarter, according to its most recent filing with the SEC. The firm owned 15,447 shares of the conglomerate’s stock after selling 1,140 shares during the period. Sigma Investment Counselors Inc.’s holdings in General Electric were worth $417,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Ullmann Financial Group Inc. acquired a new stake in General Electric during the 1st quarter worth $106,000. PHH Investments Ltd. grew its holdings in 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 acquiring an additional 2,000 shares during the period. Barber Financial Group Inc. grew its holdings in General Electric by 3.1% during the 1st quarter. Barber Financial Group Inc. now owns 7,363 shares of the conglomerate’s stock worth $219,000 after acquiring an additional 220 shares during the period. Flaharty Asset Management LLC acquired a new position in shares of General Electric in the 1st quarter valued at $226,000. Finally, Oakmont Partners LLC grew its holdings in shares of General Electric by 3.6% in 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. 54.29% of the stock is owned by hedge funds and other institutional investors.

GE has been the subject of several research analyst reports. J P Morgan Chase & Co decreased their price target on shares of General Electric from $19.00 to $17.00 and set an “underweight” rating for the company in a report on Wednesday, November 1st. UBS AG reissued a “buy” rating and issued a $31.00 price target (down previously from $35.00) on shares of General Electric in a report on Tuesday, July 25th. Bank of America Corporation raised shares of General Electric from a “neutral” rating to a “buy” rating and set a $27.00 price target for the company in a report on Monday, October 23rd. Royal Bank Of Canada set a $25.00 price target on shares of General Electric and gave the company a “buy” rating in a report on Monday, October 23rd. Finally, Citigroup Inc. set a $28.00 price target on shares of General Electric and gave the company a “buy” rating in a report on Monday, October 23rd. Six analysts have rated the stock with a sell rating, six have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $25.55.

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Shares of General Electric Company (NYSE:GE) opened at $20.49 on Monday. The company has a quick ratio of 1.53, a current ratio of 1.86 and a debt-to-equity ratio of 1.14. The stock has a market cap of $177,777.73, a PE ratio of 16.53, a PEG ratio of 2.15 and a beta of 1.11. General Electric Company has a fifty-two week low of $19.63 and a fifty-two week high of $32.38.

General Electric (NYSE:GE) last issued its earnings results on Friday, October 20th. The conglomerate reported $0.29 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.20). The firm 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 6.08% and a return on equity of 13.72%. The firm’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.32 earnings per share. analysts predict that General Electric Company will post 1.06 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 25th. Stockholders of record on Monday, September 18th were issued a $0.24 dividend. The ex-dividend date of this dividend was Friday, September 15th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.69%. General Electric’s payout ratio is 120.00%.

In other news, Director James S. Tisch bought 100,000 shares of the company’s stock in a transaction dated Tuesday, August 22nd. The shares were bought at an average cost of $24.56 per share, with a total value of $2,456,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.36% of the stock is currently owned by corporate insiders.

About General Electric

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

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