Taylor Cottrill Erickson & Associates Inc. Trims Holdings in General Electric (GE)

Taylor Cottrill Erickson & Associates Inc. cut its stake in General Electric (NYSE:GE) by 4.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 206,231 shares of the conglomerate’s stock after selling 10,454 shares during the period. Taylor Cottrill Erickson & Associates Inc.’s holdings in General Electric were worth $3,599,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. raised its stake in shares of General Electric by 0.6% in the 2nd quarter. Vanguard Group Inc. now owns 600,238,644 shares of the conglomerate’s stock valued at $16,212,445,000 after buying an additional 3,297,890 shares in the last quarter. BlackRock Inc. raised its stake in shares of General Electric by 3.9% in the 2nd quarter. BlackRock Inc. now owns 517,315,514 shares of the conglomerate’s stock valued at $13,972,691,000 after buying an additional 19,422,516 shares in the last quarter. Capital World Investors raised its stake in shares of General Electric by 8.6% in the 2nd quarter. Capital World Investors now owns 141,322,676 shares of the conglomerate’s stock valued at $3,817,125,000 after buying an additional 11,194,678 shares in the last quarter. Capital Research Global Investors raised its stake in shares of General Electric by 18.6% in the 2nd quarter. Capital Research Global Investors now owns 91,205,460 shares of the conglomerate’s stock valued at $2,463,459,000 after buying an additional 14,316,281 shares in the last quarter. Finally, Franklin Resources Inc. raised its stake in shares of General Electric by 43.8% in the 2nd quarter. Franklin Resources Inc. now owns 78,024,403 shares of the conglomerate’s stock valued at $2,107,438,000 after buying an additional 23,764,129 shares in the last quarter. 56.22% of the stock is owned by hedge funds and other institutional investors.

How to Become a New Pot Stock Millionaire

GE opened at $13.49 on Monday. The company has a quick ratio of 1.59, a current ratio of 1.87 and a debt-to-equity ratio of 1.32. The stock has a market capitalization of $117,127.95, a price-to-earnings ratio of 12.85, a P/E/G ratio of 2.62 and a beta of 1.02. General Electric has a 1-year low of $12.73 and a 1-year high of $30.54.

General Electric (NYSE:GE) last posted its quarterly earnings data on Wednesday, January 24th. The conglomerate reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.01). The company had revenue of $31.40 billion during the quarter, compared to analyst estimates of $33.93 billion. General Electric had a negative net margin of 4.74% and a positive return on equity of 11.60%. The company’s revenue was down 5.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.46 EPS. equities research analysts forecast that General Electric will post 0.96 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 25th. Shareholders of record on Monday, February 26th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 3.56%. The ex-dividend date of this dividend is Friday, February 23rd. General Electric’s payout ratio is presently 45.71%.

A number of equities analysts have recently issued reports on the stock. TheStreet cut shares of General Electric from a “c” rating to a “d+” rating in a research note on Wednesday, January 24th. DZ Bank restated a “sell” rating on shares of General Electric in a research note on Tuesday, April 3rd. Royal Bank of Canada restated a “hold” rating and issued a $15.00 price objective on shares of General Electric in a research note on Thursday, April 5th. Goldman Sachs restated a “neutral” rating and issued a $14.00 price objective on shares of General Electric in a research note on Tuesday, April 10th. Finally, Bank of America reiterated a “hold” rating and set a $17.00 target price on shares of General Electric in a research report on Sunday. Seven equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $17.86.

In related news, insider Alexander Dimitrief acquired 2,689 shares of the stock in a transaction on Monday, January 29th. The stock was purchased at an average price of $16.16 per share, for a total transaction of $43,454.24. Following the transaction, the insider now owns 81,185 shares of the company’s stock, valued at approximately $1,311,949.60. The acquisition was disclosed in a filing with the SEC, which is available through this link. Company insiders own 1.12% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This report was published by Chaffey Breeze and is the property of of Chaffey Breeze. If you are accessing this report on another domain, it was stolen and republished in violation of U.S. & international trademark and copyright laws. The original version of this report can be read at https://www.chaffeybreeze.com/2018/04/16/taylor-cottrill-erickson-associates-inc-trims-holdings-in-general-electric-ge.html.

General Electric Company Profile

General Electric Company operates as a digital industrial company worldwide. It operates through Power, Renewable Energy, Oil & Gas, Aviation, Healthcare, Transportation, Lighting, and Capital segments. The Power segment offers technologies, solutions, and services related to energy production, including gas and steam turbines, engines, generators, and high voltage equipment; and power generation services and digital solutions.

Want to see what other hedge funds are holding GE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for General Electric (NYSE:GE).

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

Receive News & Ratings for General Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Electric and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply