OLD Dominion Capital Management Inc. increased its stake in shares of General Electric Company (NYSE:GE) by 10.6% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 21,608 shares of the conglomerate’s stock after purchasing an additional 2,066 shares during the period. OLD Dominion Capital Management Inc.’s holdings in General Electric were worth $584,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Nationwide Fund Advisors boosted its position in General Electric by 41.6% in the 1st quarter. Nationwide Fund Advisors now owns 5,420,262 shares of the conglomerate’s stock valued at $161,524,000 after buying an additional 1,591,790 shares during the period. Truepoint Inc. boosted its position in General Electric by 4.5% in the 1st quarter. Truepoint Inc. now owns 46,690 shares of the conglomerate’s stock valued at $1,391,000 after buying an additional 2,000 shares during the period. Country Trust Bank boosted its position in General Electric by 0.9% in the 1st quarter. Country Trust Bank now owns 1,313,695 shares of the conglomerate’s stock valued at $39,148,000 after buying an additional 11,408 shares during the period. Boyd Watterson Asset Management LLC OH boosted its position in General Electric by 13.2% in the 1st quarter. Boyd Watterson Asset Management LLC OH now owns 65,017 shares of the conglomerate’s stock valued at $1,938,000 after buying an additional 7,573 shares during the period. Finally, Guardian Investment Management boosted its position in General Electric by 11.4% in the 1st quarter. Guardian Investment Management now owns 137,715 shares of the conglomerate’s stock valued at $3,535,000 after buying an additional 14,111 shares during the period. 54.29% of the stock is owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY NOTICE: This report was originally posted by Daily Political and is owned by of Daily Political. If you are viewing this report on another site, it was illegally copied and republished in violation of United States and international copyright and trademark laws. The original version of this report can be viewed at https://www.dailypolitical.com/2017/11/14/general-electric-company-ge-shares-bought-by-old-dominion-capital-management-inc.html.

General Electric Company (NYSE GE) opened at $19.02 on Tuesday. 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 company has a market cap of $177,777.73, a price-to-earnings ratio of 16.53, a price-to-earnings-growth ratio of 2.15 and a beta of 1.11. General Electric Company has a one year low of $18.75 and a one year 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 for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.20). The firm had revenue of $33.47 billion during the quarter, compared to analysts’ expectations 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 was up 11.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.32 EPS. equities research analysts anticipate that General Electric Company will post 1.06 EPS 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. This represents a $0.96 annualized dividend and a dividend yield of 5.05%. The ex-dividend date was Friday, September 15th. General Electric’s payout ratio is 120.00%.

In other news, Director James S. Tisch bought 100,000 shares of the stock in a transaction dated Tuesday, August 22nd. The shares were acquired at an average price of $24.56 per share, with a total value of $2,456,000.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.36% of the stock is owned by insiders.

GE has been the subject of several recent research 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 research 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 research 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 research 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 research 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 research report on Monday, October 23rd. Six research analysts have rated the stock with a sell rating, six have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. General Electric currently has a consensus rating of “Hold” and a consensus target price of $25.55.

About General Electric

Institutional Ownership by Quarter for General Electric (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.