GFS Advisors LLC increased its holdings in General Electric (NYSE:GE) by 1.0% in the 3rd quarter, HoldingsChannel reports. The firm owned 639,153 shares of the conglomerate’s stock after buying an additional 6,349 shares during the quarter. General Electric comprises approximately 3.5% of GFS Advisors LLC’s portfolio, making the stock its 4th largest holding. GFS Advisors LLC’s holdings in General Electric were worth $15,454,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of GE. MPS Loria Financial Planners LLC bought a new stake in General Electric during the second quarter worth about $113,000. Ffcm LLC bought a new stake in General Electric during the second quarter worth about $114,000. Corbenic Partners LLC grew its stake in General Electric by 15.7% during the second quarter. Corbenic Partners LLC now owns 5,340 shares of the conglomerate’s stock worth $144,000 after buying an additional 725 shares during the last quarter. Bristlecone Advisors LLC bought a new stake in General Electric during the third quarter worth about $164,000. Finally, Moisand Fitzgerald Tamayo LLC bought a new stake in General Electric during the third quarter worth about $204,000. 55.44% of the stock is owned by hedge funds and other institutional investors.

In other General Electric news, Chairman John Leonard Flannery acquired 60,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The shares were acquired at an average cost of $18.27 per share, for a total transaction of $1,096,200.00. Following the completion of the acquisition, the chairman now directly owns 575,477 shares of the company’s stock, valued at approximately $10,513,964.79. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Steven M. Mollenkopf acquired 5,500 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The stock was acquired at an average price of $18.24 per share, for a total transaction of $100,320.00. Following the completion of the acquisition, the director now directly owns 5,500 shares of the company’s stock, valued at $100,320. The disclosure for this purchase can be found here. Insiders have bought 124,370 shares of company stock worth $2,245,570 over the last three months. 0.36% of the stock is owned by insiders.

GE has been the topic of several research analyst reports. JPMorgan Chase & Co. decreased their price objective 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. Morningstar set a $23.50 price objective on shares of General Electric and gave the stock a “buy” rating in a research note on Tuesday, January 23rd. Citigroup decreased their price objective on shares of General Electric from $24.00 to $23.00 and set a “buy” rating on the stock in a research note on Thursday, January 25th. Bank of America raised shares of General Electric from a “neutral” rating to a “buy” rating and set a $27.00 price objective on the stock in a research note on Monday, October 23rd. Finally, Royal Bank of Canada set a $25.00 price objective on shares of General Electric and gave the stock a “buy” rating in a research note on Monday, October 23rd. Five equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. General Electric presently has an average rating of “Hold” and an average target price of $21.42.

Shares of General Electric (NYSE:GE) opened at $15.25 on Thursday. General Electric has a 52 week low of $14.71 and a 52 week high of $30.59. The company has a debt-to-equity ratio of 2.09, a quick ratio of 1.53 and a current ratio of 1.86. The company has a market cap of $132,422.73, a P/E ratio of -21.18, a PEG ratio of 2.90 and a beta of 0.93.

General Electric (NYSE:GE) last released its quarterly earnings results on Wednesday, January 24th. The conglomerate reported $0.27 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.01). General Electric had a negative net margin of 4.74% and a positive return on equity of 12.26%. The company had revenue of $31.40 billion for the quarter, compared to the consensus estimate of $33.93 billion. During the same period last year, the company earned $0.46 earnings per share. General Electric’s revenue for the quarter was down 5.1% compared to the same quarter last year. analysts anticipate that General Electric will post 0.99 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, January 25th. Stockholders of record on Wednesday, December 27th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Tuesday, December 26th. This represents a $0.48 annualized dividend and a dividend yield of 3.15%. General Electric’s dividend payout ratio (DPR) is currently -66.67%.

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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.

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

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