Leavell Investment Management Inc. boosted its stake in shares of General Electric Co. (NYSE:GE) by 1.0% during the third quarter, according to its most recent filing with the SEC. The firm owned 94,302 shares of the company’s stock after buying an additional 901 shares during the period. Leavell Investment Management Inc.’s holdings in General Electric were worth $2,793,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Cable Hill Partners LLC boosted 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 worth $141,000 after buying an additional 19 shares during the period. Catamount Wealth Management boosted 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 worth $146,000 after buying an additional 1,200 shares during the period. Global X Management Co. LLC boosted 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 worth $159,000 after buying an additional 1,868 shares during the period. New Harbor Financial Group LLC boosted its position in shares of General Electric by 46.0% in the third quarter. New Harbor Financial Group LLC now owns 5,828 shares of the company’s stock worth $172,000 after buying an additional 1,837 shares during the period. Finally, James Investment Research Inc. boosted 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 worth $184,000 after buying an additional 150 shares during the period. Institutional investors and hedge funds own 53.50% of the company’s stock.

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

Shares of General Electric Co. (NYSE:GE) traded down 0.64% during trading on Tuesday, reaching $31.05. The company’s stock had a trading volume of 31,423,689 shares. The stock has a 50-day moving average of $29.59 and a 200-day moving average of $30.44. The stock has a market cap of $274.68 billion, a P/E ratio of 26.70 and a beta of 1.20. General Electric Co. has a 52-week low of $27.10 and a 52-week high of $33.00.

General Electric (NYSE:GE) last issued its quarterly earnings data on Friday, October 21st. The company reported $0.32 EPS for the quarter, hitting the consensus estimate of $0.32. The firm earned $29.30 billion during the quarter, compared to the consensus estimate of $29.64 billion. General Electric had a return on equity of 16.08% and a net margin of 8.93%. The company’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.29 earnings per share. Analysts predict that General Electric Co. will post $1.49 earnings per share for the current fiscal year.

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A number of equities analysts have issued reports on the company. Zacks Investment Research cut General Electric from a “hold” rating to a “sell” rating in a report on Monday, October 24th. Vetr lowered General Electric from a “strong-buy” rating to a “buy” rating and set a $32.72 price target on the stock. in a research report on Monday, October 31st. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $26.00 price target on shares of General Electric in a research report on Thursday, August 11th. RBC Capital Markets set a $36.00 price target on General Electric and gave the stock a “buy” rating in a research report on Tuesday, October 11th. Finally, Goldman Sachs Group Inc. set a $30.00 price target on General Electric and gave the stock a “neutral” rating in a research report on Monday, November 21st. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $32.56.

In other General Electric news, Chairman Jeffrey R. Immelt purchased 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 9th. The stock was bought at an average cost of $29.24 per share, with a total value of $1,462,000.00. Following the completion of the transaction, the chairman now owns 2,248,688 shares of the company’s stock, valued at approximately $65,751,637.12. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.23% of the company’s stock.

About General Electric

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