Roof Eidam & Maycock ADV held its stake in General Electric Company (NYSE:GE) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,493 shares of the conglomerate’s stock at the end of the second quarter. Roof Eidam & Maycock ADV’s holdings in General Electric were worth $986,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Northwest Wealth Management LLC raised its stake in General Electric by 0.8% during the 2nd quarter. Northwest Wealth Management LLC now owns 9,392 shares of the conglomerate’s stock worth $254,000 after buying an additional 75 shares during the period. Osborne Partners Capital Management LLC raised its stake in General Electric by 0.5% during the 2nd quarter. Osborne Partners Capital Management LLC now owns 507,366 shares of the conglomerate’s stock worth $13,704,000 after buying an additional 2,341 shares during the period. Accurate Investment Solutions Inc. raised its stake in General Electric by 4.6% during the 2nd quarter. Accurate Investment Solutions Inc. now owns 121,007 shares of the conglomerate’s stock worth $3,268,000 after buying an additional 5,297 shares during the period. Gilbert & Cook Inc. acquired a new position in General Electric during the 2nd quarter worth approximately $385,000. Finally, Benson Investment Management Company Inc. raised its stake in General Electric by 6.3% during the 2nd quarter. Benson Investment Management Company Inc. now owns 86,037 shares of the conglomerate’s stock worth $2,324,000 after buying an additional 5,100 shares during the period. 54.71% of the stock is currently owned by institutional investors.
A number of research analysts recently weighed in on the company. Morgan Stanley reaffirmed an “equal weight” rating and set a $27.00 price target on shares of General Electric in a research note on Monday, July 17th. J P Morgan Chase & Co set a $22.00 price target on General Electric and gave the stock a “sell” rating in a research note on Tuesday. Stifel Nicolaus reaffirmed a “buy” rating on shares of General Electric in a research note on Wednesday, June 14th. Zacks Investment Research downgraded General Electric from a “hold” rating to a “sell” rating in a research note on Wednesday, June 21st. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $31.00 price target on shares of General Electric in a research note on Friday. Five investment analysts have rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $28.98.
Shares of General Electric Company (NYSE:GE) traded down 1.51% during trading on Tuesday, reaching $24.09. The company’s stock had a trading volume of 19,836,005 shares. The company has a market capitalization of $208.57 billion, a price-to-earnings ratio of 29.34 and a beta of 1.22. General Electric Company has a one year low of $23.58 and a one year high of $32.38. The firm’s 50-day moving average price is $24.78 and its 200-day moving average price is $27.50. General Electric also was the target of some unusual options trading activity on Monday. Investors acquired 40,129 call options on the company. This represents an increase of 145% compared to the average daily volume of 16,397 call options.
General Electric (NYSE:GE) last announced its earnings results on Friday, July 21st. The conglomerate reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.03. General Electric had a net margin of 6.45% and a return on equity of 14.59%. The business had revenue of $29.56 billion during the quarter, compared to analyst estimates of $29.07 billion. During the same period in the previous year, the business earned $0.51 EPS. The company’s quarterly revenue was down 11.8% compared to the same quarter last year. On average, equities analysts anticipate that General Electric Company will post $1.56 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Monday, September 18th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.92%. The ex-dividend date of this dividend is Friday, September 15th. General Electric’s payout ratio is 118.52%.
In other General Electric 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 price of $25.56 per share, with a total value of $2,657,805.48. Following the transaction, the chief executive officer now directly owns 509,430 shares in the company, valued at approximately $13,021,030.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Alexander Dimitrief acquired 1,845 shares of the business’s stock in a transaction dated Monday, July 24th. The shares were acquired at an average cost of $25.54 per share, with a total value of $47,121.30. Following the transaction, the insider now owns 65,597 shares in the company, valued at $1,675,347.38. The disclosure for this purchase can be found here. In the last three months, insiders have bought 233,253 shares of company stock valued at $5,860,264. Insiders own 0.36% of the company’s stock.
General Electric Company Profile
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