General Electric Company (GE) is Folger Nolan Fleming Douglas Capital Management Inc.’s 8th Largest Position
Folger Nolan Fleming Douglas Capital Management Inc. cut its holdings in shares of General Electric Company (NYSE:GE) by 12.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 414,219 shares of the conglomerate’s stock after selling 60,637 shares during the period. General Electric makes up 1.7% of Folger Nolan Fleming Douglas Capital Management Inc.’s holdings, making the stock its 8th biggest holding. Folger Nolan Fleming Douglas Capital Management Inc. owned 0.61% of General Electric worth $11,189,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of GE. Ullmann Financial Group Inc. bought a new stake in General Electric in the 1st quarter worth about $106,000. Ffcm LLC bought a new stake in General Electric in the 2nd quarter worth about $114,000. PHH Investments Ltd. grew its position in General Electric by 105.0% in 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 in the last quarter. Tuttle Tactical Management LLC bought a new stake in General Electric in the 2nd quarter worth about $209,000. Finally, Oakmont Partners LLC grew its position in General Electric by 3.6% in the 2nd quarter. Oakmont Partners LLC now owns 8,034 shares of the conglomerate’s stock worth $217,000 after purchasing an additional 278 shares in the last quarter. 55.74% of the stock is owned by institutional investors.
Shares of General Electric Company (GE) traded up $0.05 during midday trading on Friday, reaching $17.71. 55,584,700 shares of the company were exchanged, compared to its average volume of 45,155,160. The stock has a market cap of $153,149.02, a PE ratio of 14.24, a P/E/G ratio of 1.91 and a beta of 1.06. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.53 and a current ratio of 1.86. General Electric Company has a one year low of $17.46 and a one year high of $32.38.
General Electric (NYSE:GE) last released its quarterly earnings data on Friday, October 20th. The conglomerate reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.20). General Electric had a net margin of 6.08% and a return on equity of 13.72%. The firm had revenue of $33.47 billion for the quarter, compared to the consensus estimate of $32.51 billion. During the same quarter in the prior year, the business posted $0.32 earnings per share. The firm’s revenue for the quarter was up 11.5% compared to the same quarter last year. research analysts anticipate that General Electric Company will post 1.07 earnings per share for the current year.
A number of research firms have weighed in on GE. Goldman Sachs Group set a $19.00 target price on shares of General Electric and gave the company a “neutral” rating in a research note on Thursday, November 30th. Deutsche Bank dropped their target price on shares of General Electric from $18.00 to $15.00 and set a “sell” rating on the stock in a research note on Tuesday, November 21st. J P Morgan Chase & Co set a $17.00 target price on shares of General Electric and gave the company a “sell” rating in a research note on Wednesday, November 15th. Bank of America reiterated a “buy” rating and issued a $23.00 target price (down from $27.00) on shares of General Electric in a research note on Tuesday, November 14th. Finally, Morningstar reiterated a “buy” rating on shares of General Electric in a research note on Tuesday, November 14th. Six equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. General Electric currently has a consensus rating of “Hold” and a consensus target price of $23.64.
In other General Electric news, Director Francisco Dsouza acquired 55,000 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The shares were bought at an average price of $17.94 per share, with a total value of $986,700.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman John Leonard Flannery acquired 60,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The stock was acquired at an average cost of $18.27 per share, for a total transaction of $1,096,200.00. Following the acquisition, the chairman now owns 575,477 shares of the company’s stock, valued at approximately $10,513,964.79. The disclosure for this purchase can be found here. Insiders bought 120,500 shares of company stock valued at $2,183,220 over the last quarter. Company insiders own 0.36% of the company’s stock.
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