Baldwin Brothers Inc. MA Has $883,000 Stake in General Electric (GE)
Baldwin Brothers Inc. MA cut its stake in General Electric (NYSE:GE) by 89.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 50,605 shares of the conglomerate’s stock after selling 426,157 shares during the period. Baldwin Brothers Inc. MA’s holdings in General Electric were worth $883,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in General Electric by 0.6% in the second quarter. Vanguard Group Inc. now owns 600,238,644 shares of the conglomerate’s stock worth $16,212,445,000 after acquiring an additional 3,297,890 shares during the period. BlackRock Inc. grew its position in General Electric by 3.9% in the second quarter. BlackRock Inc. now owns 517,315,514 shares of the conglomerate’s stock worth $13,972,691,000 after acquiring an additional 19,422,516 shares during the period. Capital World Investors grew its position in General Electric by 8.6% in the second quarter. Capital World Investors now owns 141,322,676 shares of the conglomerate’s stock worth $3,817,125,000 after acquiring an additional 11,194,678 shares during the period. Capital Research Global Investors grew its position in General Electric by 18.6% in the second quarter. Capital Research Global Investors now owns 91,205,460 shares of the conglomerate’s stock worth $2,463,459,000 after acquiring an additional 14,316,281 shares during the period. Finally, Franklin Resources Inc. grew its position in General Electric by 43.8% in the second quarter. Franklin Resources Inc. now owns 78,024,403 shares of the conglomerate’s stock worth $2,107,438,000 after acquiring an additional 23,764,129 shares during the period. Institutional investors and hedge funds own 56.22% of the company’s stock.
Several brokerages recently weighed in on GE. TheStreet lowered General Electric from a “c” rating to a “d+” rating in a research report on Wednesday, January 24th. DZ Bank reiterated a “sell” rating on shares of General Electric in a research report on Tuesday, April 3rd. Goldman Sachs set a $14.00 price target on General Electric and gave the stock a “hold” rating in a research note on Monday. Bank of America restated a “hold” rating and set a $17.00 price target on shares of General Electric in a research note on Sunday. Finally, Stifel Nicolaus decreased their price target on General Electric from $18.00 to $17.00 and set a “hold” rating on the stock in a research note on Tuesday, January 30th. Seven analysts have rated the stock with a sell rating, twelve have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $17.86.
General Electric (NYSE:GE) last announced its quarterly earnings data on Wednesday, January 24th. The conglomerate reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.01). The company had revenue of $31.40 billion during the quarter, compared to analyst estimates of $33.93 billion. General Electric had a negative net margin of 4.74% and a positive return on equity of 11.60%. The firm’s revenue was down 5.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.46 earnings per share. analysts anticipate that General Electric will post 0.96 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 25th. Stockholders of record on Monday, February 26th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 3.60%. The ex-dividend date of this dividend is Friday, February 23rd. General Electric’s payout ratio is currently 45.71%.
In related news, insider Alexander Dimitrief acquired 2,689 shares of General Electric stock in a transaction dated Monday, January 29th. The shares were acquired at an average cost of $16.16 per share, for a total transaction of $43,454.24. Following the completion of the purchase, the insider now owns 81,185 shares in the company, valued at $1,311,949.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.12% of the stock is currently owned by company insiders.
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General Electric Profile
General Electric Company operates as a digital industrial company worldwide. It operates through Power, Renewable Energy, Oil & Gas, Aviation, Healthcare, Transportation, Lighting, and Capital segments. The Power segment offers technologies, solutions, and services related to energy production, including gas and steam turbines, engines, generators, and high voltage equipment; and power generation services and digital solutions.
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