Rosenbaum Jay D. Has $651,000 Stake in General Electric Company (GE)

Rosenbaum Jay D. held its position in General Electric Company (NYSE:GE) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 24,100 shares of the conglomerate’s stock at the close of the 2nd quarter. Rosenbaum Jay D.’s holdings in General Electric were worth $651,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Ullmann Financial Group Inc. acquired a new position in General Electric in the 1st quarter valued at $106,000. Feltz Wealth PLAN Inc. acquired a new position in General Electric in the 1st quarter valued at $114,000. PHH Investments Ltd. grew its holdings in General Electric by 105.0% in the 1st 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. Cable Hill Partners LLC grew its holdings in General Electric by 12.5% in the 1st quarter. Cable Hill Partners LLC now owns 7,037 shares of the conglomerate’s stock valued at $210,000 after buying an additional 780 shares in the last quarter. Finally, Parametrica Management Ltd acquired a new position in General Electric in the 1st quarter valued at $214,000. Institutional investors and hedge funds own 54.78% of the company’s stock.

General Electric Company (NYSE:GE) traded down 0.37% during trading on Friday, reaching $23.93. The company’s stock had a trading volume of 66,559,977 shares. The company has a market cap of $207.18 billion, a PE ratio of 29.15 and a beta of 1.22. The stock has a 50-day moving average price of $24.82 and a 200 day moving average price of $27.58. General Electric Company has a 52-week low of $23.58 and a 52-week high of $32.38.

General Electric (NYSE:GE) last posted its quarterly earnings data on Friday, July 21st. The conglomerate reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.03. General Electric had a return on equity of 14.59% and a net margin of 6.45%. The firm had revenue of $29.56 billion during the quarter, compared to analysts’ expectations of $29.07 billion. During the same period in the prior year, the business earned $0.51 EPS. The company’s revenue for the quarter was down 11.8% compared to the same quarter last year. On average, analysts expect that General Electric Company will post $1.56 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Monday, September 18th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.01%. The ex-dividend date of this dividend is Friday, September 15th. General Electric’s payout ratio is currently 118.52%.

GE has been the topic of a number of research reports. Stifel Nicolaus reaffirmed a “buy” rating on shares of General Electric in a report on Wednesday, June 14th. Vetr raised General Electric from a “hold” rating to a “buy” rating and set a $28.93 price objective on the stock in a report on Wednesday, June 7th. Citigroup Inc. reaffirmed a “buy” rating and issued a $34.00 price objective (down from $36.00) on shares of General Electric in a report on Monday, July 10th. UBS AG reaffirmed a “buy” rating and issued a $31.00 price objective (down from $35.00) on shares of General Electric in a report on Tuesday, July 25th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $31.00 price objective on shares of General Electric in a report on Friday. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $29.42.

In other news, CEO John Leonard Flannery acquired 103,983 shares of the business’s stock in a transaction dated Tuesday, August 8th. The stock was purchased at an average cost of $25.56 per share, for a total transaction of $2,657,805.48. Following the acquisition, the chief executive officer now owns 509,430 shares of the company’s stock, valued at $13,021,030.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Vice Chairman Elizabeth J. Comstock sold 24,693 shares of the company’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $25.65, for a total value of $633,375.45. Following the completion of the transaction, the insider now owns 175,717 shares of the company’s stock, valued at $4,507,141.05. The disclosure for this sale can be found here. Insiders bought a total of 233,253 shares of company stock valued at $5,860,264 over the last quarter. Company insiders own 0.36% of the company’s stock.

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

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