Physicians Financial Services Inc. lessened its stake in General Electric (NYSE:GE) by 6.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 67,574 shares of the conglomerate’s stock after selling 4,340 shares during the period. General Electric makes up approximately 1.3% of Physicians Financial Services Inc.’s holdings, making the stock its 24th largest position. Physicians Financial Services Inc.’s holdings in General Electric were worth $1,634,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of GE. Gabelli Funds LLC boosted its stake in shares of General Electric by 10.2% during the 3rd quarter. Gabelli Funds LLC now owns 2,225,000 shares of the conglomerate’s stock worth $53,801,000 after acquiring an additional 206,644 shares during the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. lifted its stake in shares of General Electric by 44.4% during the 3rd quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 32,500 shares of the conglomerate’s stock valued at $786,000 after buying an additional 10,000 shares in the last quarter. Gamco Investors INC. ET AL lifted its stake in shares of General Electric by 16.4% during the 3rd quarter. Gamco Investors INC. ET AL now owns 1,480,442 shares of the conglomerate’s stock valued at $35,797,000 after buying an additional 208,110 shares in the last quarter. Blue Granite Capital LLC lifted its stake in shares of General Electric by 291.5% during the 3rd quarter. Blue Granite Capital LLC now owns 73,315 shares of the conglomerate’s stock valued at $1,772,000 after buying an additional 54,590 shares in the last quarter. Finally, Nwam LLC lifted its stake in shares of General Electric by 6.5% during the 3rd quarter. Nwam LLC now owns 73,546 shares of the conglomerate’s stock valued at $1,778,000 after buying an additional 4,496 shares in the last quarter. 55.62% of the stock is owned by institutional investors and hedge funds.

GE has been the topic of a number of analyst reports. JPMorgan Chase & Co. lowered their target price on shares of General Electric from $19.00 to $17.00 and set an “underweight” rating on the stock in a research note on Wednesday, November 1st. Bank of America upgraded shares of General Electric from a “neutral” rating to a “buy” rating and set a $27.00 target price on the stock in a research note on Monday, October 23rd. Royal Bank of Canada set a $25.00 target price on shares of General Electric and gave the company a “buy” rating in a research note on Monday, October 23rd. Morningstar restated a “buy” rating on shares of General Electric in a research note on Tuesday, November 14th. Finally, Citigroup set a $28.00 target price on shares of General Electric and gave the company a “buy” rating in a research note on Monday, October 23rd. Six analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $22.59.

In other General Electric news, Chairman John Leonard Flannery bought 60,000 shares of General Electric stock in a transaction dated Wednesday, November 15th. The shares were purchased at an average cost of $18.27 per share, for a total transaction of $1,096,200.00. Following the acquisition, the chairman now directly owns 575,477 shares in the company, valued at approximately $10,513,964.79. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Francisco Dsouza bought 55,000 shares of General Electric stock in a transaction dated Monday, November 20th. The stock was acquired at an average price of $17.94 per share, for a total transaction of $986,700.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 120,500 shares of company stock worth $2,183,220. Insiders own 0.36% of the company’s stock.

Shares of General Electric (GE) opened at $16.17 on Tuesday. The company has a market cap of $140,230.00, a price-to-earnings ratio of 18.80, a price-to-earnings-growth ratio of 3.01 and a beta of 1.07. General Electric has a one year low of $15.80 and a one year high of $30.59. 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 firm also recently announced a quarterly dividend, which will be paid on Thursday, January 25th. Stockholders of record on Wednesday, December 27th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, December 26th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.97%. General Electric’s dividend payout ratio (DPR) is presently 55.81%.

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About General Electric

General Electric Company is a global digital industrial company. The Company’s products and services range from aircraft engines, power generation, and oil and gas production equipment to medical imaging, financing and industrial products. Its segments include Power, which includes products and services related to energy production; Renewable Energy, which offers renewable power sources; Oil & Gas, including liquefied natural gas and pipelines; Aviation, which includes commercial and military aircraft engines, and integrated digital components, among others; Healthcare, which provides healthcare technologies in medical imaging, digital solutions, patient monitoring and diagnostics, and drug discovery, among others; Transportation, which is a supplier to the railroad, mining, marine, stationary power and drilling industries; Energy Connections & Lighting, which includes Energy Connections and Lighting businesses, and Capital, which is a financial services division.

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

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