General Electric Company (GE) Holdings Increased by Pacad Investment Ltd.

Pacad Investment Ltd. raised its position in shares of General Electric Company (NYSE:GE) by 195.6% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 547,065 shares of the conglomerate’s stock after buying an additional 361,994 shares during the quarter. General Electric comprises 2.2% of Pacad Investment Ltd.’s portfolio, making the stock its 3rd largest position. Pacad Investment Ltd. owned approximately 0.80% of General Electric worth $14,776,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in GE. Puplava Financial Services Inc. grew its holdings in shares of General Electric by 0.4% during the second quarter. Puplava Financial Services Inc. now owns 11,209 shares of the conglomerate’s stock valued at $303,000 after purchasing an additional 41 shares during the last quarter. Cutter & CO Brokerage Inc. grew its holdings in shares of General Electric by 0.3% during the second quarter. Cutter & CO Brokerage Inc. now owns 20,620 shares of the conglomerate’s stock valued at $557,000 after purchasing an additional 67 shares during the last quarter. Northwest Wealth Management LLC grew its holdings in shares of General Electric by 0.8% during the second quarter. Northwest Wealth Management LLC now owns 9,392 shares of the conglomerate’s stock valued at $254,000 after purchasing an additional 75 shares during the last quarter. Insight 2811 Inc. grew its holdings in shares of General Electric by 0.3% during the first quarter. Insight 2811 Inc. now owns 37,789 shares of the conglomerate’s stock valued at $1,126,000 after purchasing an additional 118 shares during the last quarter. Finally, Valmark Advisers Inc. grew its holdings in shares of General Electric by 1.4% during the second quarter. Valmark Advisers Inc. now owns 9,797 shares of the conglomerate’s stock valued at $265,000 after purchasing an additional 138 shares during the last quarter. Hedge funds and other institutional investors own 55.74% of the company’s stock.

In related news, Chairman John Leonard Flannery acquired 60,000 shares of the business’s stock in a transaction dated Wednesday, November 15th. The stock was bought at an average price of $18.27 per share, for a total transaction of $1,096,200.00. Following the transaction, the chairman now owns 575,477 shares of the company’s stock, valued at $10,513,964.79. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Francisco Dsouza acquired 55,000 shares of the business’s stock in a transaction dated Monday, November 20th. The shares were bought at an average price of $17.94 per share, with a total value of $986,700.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 120,500 shares of company stock valued at $2,183,220. 0.36% of the stock is currently owned by corporate insiders.

A number of equities analysts recently issued reports on the company. J P Morgan Chase & Co reissued an “underweight” rating and issued a $22.00 price objective on shares of General Electric in a report on Thursday, September 7th. Vetr lowered General Electric from a “hold” rating to a “sell” rating and set a $23.72 price objective for the company. in a report on Monday, September 25th. Credit Suisse Group reissued an “outperform” rating and issued a $30.00 price objective (down from $33.00) on shares of General Electric in a report on Thursday, October 5th. Morgan Stanley decreased their price objective on General Electric from $26.00 to $25.00 and set an “equal weight” rating for the company in a report on Monday, October 2nd. Finally, Argus decreased their price objective on General Electric from $30.00 to $27.00 and set a “buy” rating for the company in a report on Monday, September 18th. Six research analysts have rated the stock with a sell rating, seven have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $24.31.

Shares of General Electric Company (NYSE GE) traded down $0.02 during midday trading on Wednesday, reaching $17.75. The company’s stock had a trading volume of 10,040,627 shares, compared to its average volume of 45,115,824. The company has a current ratio of 1.86, a quick ratio of 1.53 and a debt-to-equity ratio of 1.14. The company has a market cap of $155,663.94, a price-to-earnings ratio of 14.48, a P/E/G ratio of 1.94 and a beta of 1.06. General Electric Company has a 52-week low of $17.46 and a 52-week high of $32.38.

General Electric (NYSE:GE) last issued its quarterly earnings results on Friday, October 20th. The conglomerate reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.20). The firm had revenue of $33.47 billion for the quarter, compared to the consensus estimate of $32.51 billion. General Electric had a net margin of 6.08% and a return on equity of 13.72%. The business’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.32 earnings per share. analysts predict that General Electric Company will post 1.07 EPS for the current year.

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

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