UMB Bank N A MO Has $12.02 Million Holdings in General Electric Company (GE)
UMB Bank N A MO reduced its stake in General Electric Company (NYSE:GE) by 32.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 444,989 shares of the conglomerate’s stock after selling 209,253 shares during the quarter. UMB Bank N A MO’s holdings in General Electric were worth $12,019,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in GE. Ullmann Financial Group Inc. purchased a new stake in shares of General Electric in the first quarter valued at approximately $106,000. PHH Investments Ltd. boosted its stake in shares of General Electric by 105.0% in the first quarter. PHH Investments Ltd. now owns 3,905 shares of the conglomerate’s stock valued at $116,000 after buying an additional 2,000 shares in the last quarter. Oakmont Partners LLC boosted its stake in shares of General Electric by 3.6% in the second quarter. Oakmont Partners LLC now owns 8,034 shares of the conglomerate’s stock valued at $217,000 after buying an additional 278 shares in the last quarter. Cascade Investment Advisors Inc. boosted its stake in shares of General Electric by 25.2% in the second 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 in the last quarter. Finally, Barber Financial Group Inc. boosted its stake in shares of General Electric by 3.1% in the first quarter. Barber Financial Group Inc. now owns 7,363 shares of the conglomerate’s stock valued at $219,000 after buying an additional 220 shares in the last quarter. Institutional investors own 54.29% of the company’s stock.
General Electric Company (NYSE:GE) opened at $18.21 on Friday. The company has a market capitalization of $158,270.00, a price-to-earnings ratio of 14.43, a P/E/G ratio of 1.95 and a beta of 1.11. General Electric Company has a 12 month low of $17.46 and a 12 month high of $32.38. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.86 and a quick ratio of 1.53.
General Electric (NYSE:GE) last released its earnings results on Friday, October 20th. The conglomerate reported $0.29 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.20). The business had revenue of $33.47 billion during the quarter, compared to analyst estimates of $32.51 billion. General Electric had a net margin of 6.08% and a return on equity of 13.72%. The business’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.32 earnings per share. equities analysts predict that General Electric Company will post 1.06 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 25th. Investors of record on Monday, September 18th were paid a $0.24 dividend. The ex-dividend date was Friday, September 15th. This represents a $0.96 annualized dividend and a yield of 5.27%. General Electric’s payout ratio is currently 111.63%.
A number of analysts recently weighed in on GE shares. Credit Suisse Group restated an “outperform” rating and issued a $33.00 price target on shares of General Electric in a research note on Saturday, July 22nd. Goldman Sachs Group, Inc. (The) set a $27.00 price target on General Electric and gave the company a “neutral” rating in a research note on Monday, July 24th. J P Morgan Chase & Co set a $22.00 price target on General Electric and gave the company a “sell” rating in a research note on Monday, July 24th. Morgan Stanley restated an “equal weight” rating and issued a $26.00 price target (down from $27.00) on shares of General Electric in a research note on Monday, July 24th. Finally, Citigroup Inc. reiterated a “buy” rating and set a $31.00 target price (down from $34.00) on shares of General Electric in a research report on Monday, July 24th. Six analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $24.84.
In other news, Director Steven M. Mollenkopf purchased 5,500 shares of the stock in a transaction on Thursday, November 16th. The stock was purchased at an average price of $18.24 per share, with a total value of $100,320.00. Following the completion of the transaction, the director now owns 5,500 shares in the company, valued at $100,320. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James S. Tisch purchased 100,000 shares of the stock in a transaction on Tuesday, August 22nd. The shares were purchased at an average cost of $24.56 per share, with a total value of $2,456,000.00. The disclosure for this purchase can be found here. Insiders purchased 165,500 shares of company stock valued at $3,652,520 over the last quarter. Insiders own 0.36% of the company’s stock.
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