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.
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.
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.
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.
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