General Electric Company (GE) Holdings Reduced by Regal Wealth Group Inc.

Regal Wealth Group Inc. lowered its stake in General Electric Company (NYSE:GE) by 16.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,397 shares of the conglomerate’s stock after selling 3,196 shares during the quarter. General Electric comprises about 0.3% of Regal Wealth Group Inc.’s portfolio, making the stock its 27th biggest holding. Regal Wealth Group Inc.’s holdings in General Electric were worth $443,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Shoker Investment Counsel Inc. lifted its position in shares of General Electric by 4.4% during the second quarter. Shoker Investment Counsel Inc. now owns 91,995 shares of the conglomerate’s stock worth $2,484,000 after purchasing an additional 3,877 shares in the last quarter. Argent Trust Co boosted its holdings in shares of General Electric by 0.5% in the second quarter. Argent Trust Co now owns 115,467 shares of the conglomerate’s stock valued at $3,119,000 after acquiring an additional 615 shares during the period. Fiduciary Trust Co. lifted its holdings in shares of General Electric by 0.5% during the second quarter. Fiduciary Trust Co. now owns 1,707,399 shares of the conglomerate’s stock worth $46,116,000 after purchasing an additional 8,167 shares during the period. Ffcm LLC acquired a new stake in shares of General Electric during the second quarter worth $114,000. Finally, Glassman Wealth Services lifted its holdings in shares of General Electric by 0.4% during the second quarter. Glassman Wealth Services now owns 48,919 shares of the conglomerate’s stock worth $1,321,000 after purchasing an additional 210 shares during the period. 55.74% of the stock is currently owned by institutional investors.

In other General Electric news, Chairman John Leonard Flannery bought 60,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The stock was purchased at an average price of $18.27 per share, for a total transaction of $1,096,200.00. Following the purchase, the chairman now directly owns 575,477 shares in the company, valued at $10,513,964.79. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Francisco Dsouza bought 55,000 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The shares were acquired 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. Insiders have purchased 120,500 shares of company stock worth $2,183,220 over the last three months. 0.36% of the stock is owned by insiders.

GE has been the subject of several recent research reports. J P Morgan Chase & Co reaffirmed an “underweight” rating and set a $22.00 price target on shares of General Electric in a report on Thursday, September 7th. Deutsche Bank reaffirmed a “sell” rating and set a $21.00 price target (down from $24.00) on shares of General Electric in a report on Monday, September 11th. Vetr downgraded General Electric from a “strong-buy” rating to a “buy” rating and set a $25.63 target price for the company. in a report on Wednesday, September 13th. Royal Bank Of Canada restated a “buy” rating and issued a $31.00 price target on shares of General Electric in a research report on Friday, September 15th. Finally, Argus dropped their price target on General Electric from $30.00 to $27.00 and set a “buy” rating for the company in a research report on Monday, September 18th. Six investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $23.64.

Shares of General Electric Company (GE) traded down $0.10 during mid-day trading on Thursday, reaching $17.66. The company’s stock had a trading volume of 43,913,600 shares, compared to its average volume of 45,110,766. The company has a quick ratio of 1.53, a current ratio of 1.86 and a debt-to-equity ratio of 1.14. General Electric Company has a one year low of $17.46 and a one year high of $32.38. The firm has a market cap of $154,016.23, a price-to-earnings ratio of 14.32, a PEG ratio of 1.92 and a beta of 1.06.

General Electric (NYSE:GE) last announced its quarterly earnings data on Friday, October 20th. The conglomerate reported $0.29 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.20). General Electric had a net margin of 6.08% and a return on equity of 13.72%. The firm had revenue of $33.47 billion during the quarter, compared to analyst estimates of $32.51 billion. During the same quarter last year, the company earned $0.32 EPS. The company’s quarterly revenue was up 11.5% compared to the same quarter last year. 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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