Horan Capital Advisors LLC. decreased its position in General Electric (NYSE:GE) by 20.1% in the 3rd quarter, HoldingsChannel reports. The fund owned 20,244 shares of the conglomerate’s stock after selling 5,100 shares during the quarter. Horan Capital Advisors LLC.’s holdings in General Electric were worth $489,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ffcm LLC bought a new position in General Electric during the second quarter valued at about $114,000. MPS Loria Financial Planners LLC bought a new position in General Electric during the second quarter valued at about $113,000. Corbenic Partners LLC grew its position in General Electric by 15.7% during the second quarter. Corbenic Partners LLC now owns 5,340 shares of the conglomerate’s stock valued at $144,000 after buying an additional 725 shares during the period. Bristlecone Advisors LLC bought a new position in General Electric during the third quarter valued at about $164,000. Finally, Tuttle Tactical Management LLC bought a new position in General Electric during the second quarter valued at about $209,000. Hedge funds and other institutional investors own 55.17% of the company’s stock.
In other news, insider Alexander Dimitrief purchased 2,689 shares of the stock in a transaction dated Monday, January 29th. The shares were purchased at an average cost of $16.16 per share, with a total value of $43,454.24. Following the completion of the acquisition, the insider now owns 81,185 shares in the company, valued at approximately $1,311,949.60. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.36% of the company’s stock.
Shares of General Electric (NYSE GE) opened at $15.05 on Tuesday. General Electric has a fifty-two week low of $14.23 and a fifty-two week high of $30.59. The stock has a market cap of $130,514.88, a PE ratio of 14.33, a PEG ratio of 2.86 and a beta of 0.93. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.86 and a quick ratio of 1.53.
General Electric (NYSE:GE) last announced its quarterly earnings results on Wednesday, January 24th. The conglomerate reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.01). General Electric had a positive return on equity of 12.26% and a negative net margin of 4.74%. The firm had revenue of $31.40 billion during the quarter, compared to analysts’ expectations of $33.93 billion. During the same period in the previous year, the company posted $0.46 earnings per share. The company’s quarterly revenue was down 5.1% compared to the same quarter last year. research analysts predict that General Electric will post 0.99 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 25th. Stockholders of record on Monday, February 26th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date of this dividend is Friday, February 23rd. General Electric’s payout ratio is -66.67%.
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General Electric Company Profile
General Electric Company is a global digital industrial company. The Company’s products and services range from aircraft engines, power generation, and oil and gas production equipment to medical imaging, financing and industrial products. Its segments include Power, which includes products and services related to energy production; Renewable Energy, which offers renewable power sources; Oil & Gas, including liquefied natural gas and pipelines; Aviation, which includes commercial and military aircraft engines, and integrated digital components, among others; Healthcare, which provides healthcare technologies in medical imaging, digital solutions, patient monitoring and diagnostics, and drug discovery, among others; Transportation, which is a supplier to the railroad, mining, marine, stationary power and drilling industries; Energy Connections & Lighting, which includes Energy Connections and Lighting businesses, and Capital, which is a financial services division.
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