Bonness Enterprises Inc. raised its position in shares of General Electric Co. (NYSE:GE) by 1.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 178,278 shares of the company’s stock after buying an additional 3,100 shares during the period. General Electric comprises about 4.4% of Bonness Enterprises Inc.’s portfolio, making the stock its 3rd largest position. Bonness Enterprises Inc.’s holdings in General Electric were worth $5,281,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of GE. Cable Hill Partners LLC increased its position in shares of General Electric by 0.4% in the second quarter. Cable Hill Partners LLC now owns 4,447 shares of the company’s stock valued at $141,000 after buying an additional 19 shares in the last quarter. Catamount Wealth Management increased its position in shares of General Electric by 34.8% in the second quarter. Catamount Wealth Management now owns 4,651 shares of the company’s stock valued at $146,000 after buying an additional 1,200 shares in the last quarter. Global X Management Co. LLC increased its position in shares of General Electric by 58.6% in the second quarter. Global X Management Co. LLC now owns 5,058 shares of the company’s stock valued at $159,000 after buying an additional 1,868 shares in the last quarter. James Investment Research Inc. increased its position in shares of General Electric by 2.6% in the second quarter. James Investment Research Inc. now owns 5,850 shares of the company’s stock valued at $184,000 after buying an additional 150 shares in the last quarter. Finally, Balentine LLC increased its position in shares of General Electric by 62.2% in the second quarter. Balentine LLC now owns 5,936 shares of the company’s stock valued at $187,000 after buying an additional 2,277 shares in the last quarter. 53.50% of the stock is owned by hedge funds and other institutional investors.

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

Shares of General Electric Co. (NYSE:GE) traded down 0.64% during midday trading on Tuesday, reaching $31.05. 26,835,028 shares of the company’s stock traded hands. General Electric Co. has a 1-year low of $27.10 and a 1-year high of $33.00. The firm’s 50-day moving average price is $29.59 and its 200 day moving average price is $30.44. The stock has a market capitalization of $274.68 billion, a P/E ratio of 26.70 and a beta of 1.20.

General Electric (NYSE:GE) last posted its earnings results on Friday, October 21st. The company reported $0.32 earnings per share for the quarter, meeting the consensus estimate of $0.32. The company had revenue of $29.30 billion for the quarter, compared to analyst estimates of $29.64 billion. General Electric had a net margin of 8.93% and a return on equity of 16.08%. General Electric’s revenue was up 3.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.29 EPS. On average, equities analysts predict that General Electric Co. will post $1.49 earnings per share for the current fiscal year.

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Several research analysts have commented on the stock. Zacks Investment Research raised shares of General Electric from a “sell” rating to a “hold” rating in a report on Thursday, November 24th. William Blair set a $35.00 price objective on shares of General Electric and gave the company a “buy” rating in a report on Tuesday, November 22nd. Goldman Sachs Group Inc. set a $30.00 price objective on shares of General Electric and gave the company a “neutral” rating in a report on Monday, November 21st. JPMorgan Chase & Co. reissued an “underweight” rating on shares of General Electric in a report on Tuesday, November 15th. Finally, Vetr downgraded shares of General Electric from a “buy” rating to a “hold” rating and set a $31.80 price objective for the company. in a report on Monday, November 14th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $32.56.

In related news, Chairman Jeffrey R. Immelt purchased 50,000 shares of General Electric stock in a transaction dated Wednesday, November 9th. The shares were acquired at an average cost of $29.24 per share, with a total value of $1,462,000.00. Following the purchase, the chairman now owns 2,248,688 shares of the company’s stock, valued at $65,751,637.12. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.23% of the stock is currently owned by company insiders.

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