Conservest Capital Advisors Inc. trimmed its holdings in shares of General Electric Company (NYSE:GE) by 15.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,379 shares of the conglomerate’s stock after selling 3,183 shares during the period. Conservest Capital Advisors Inc.’s holdings in General Electric were worth $469,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of GE. Ullmann Financial Group Inc. purchased a new position in shares of General Electric during the 1st quarter worth approximately $106,000. Feltz Wealth PLAN Inc. purchased a new position in shares of General Electric during the 1st quarter worth approximately $114,000. PHH Investments Ltd. increased its stake in shares of General Electric by 105.0% during the 1st quarter. PHH Investments Ltd. now owns 3,905 shares of the conglomerate’s stock worth $116,000 after purchasing an additional 2,000 shares in the last quarter. Cable Hill Partners LLC increased its stake in shares of General Electric by 12.5% during the 1st quarter. Cable Hill Partners LLC now owns 7,037 shares of the conglomerate’s stock worth $210,000 after purchasing an additional 780 shares in the last quarter. Finally, Parametrica Management Ltd purchased a new position in shares of General Electric during the 1st quarter worth approximately $214,000. 54.71% of the stock is owned by institutional investors and hedge funds.

General Electric Company (GE) traded down 1.51% during trading on Tuesday, hitting $24.09. 17,392,075 shares of the company traded hands. General Electric Company has a one year low of $23.58 and a one year high of $32.38. The firm has a market cap of $208.57 billion, a P/E ratio of 29.34 and a beta of 1.22. The firm has a 50 day moving average of $24.78 and a 200 day moving average of $27.50. General Electric also saw unusually large options trading activity on Monday. Investors bought 40,129 call options on the stock. This represents an increase of approximately 145% compared to the average volume of 16,397 call options.

General Electric (NYSE:GE) last announced its quarterly earnings results on Friday, July 21st. The conglomerate reported $0.28 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.03. General Electric had a net margin of 6.45% and a return on equity of 14.59%. The company had revenue of $29.56 billion for the quarter, compared to analyst estimates of $29.07 billion. During the same quarter in the prior year, the business posted $0.51 EPS. General Electric’s quarterly revenue was down 11.8% on a year-over-year basis. On average, analysts expect that General Electric Company will post $1.56 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Monday, September 18th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, September 15th. This represents a $0.96 annualized dividend and a dividend yield of 3.92%. General Electric’s dividend payout ratio (DPR) is 118.52%.

GE has been the subject of several recent analyst reports. Morgan Stanley reaffirmed an “equal weight” rating and issued a $27.00 target price on shares of General Electric in a research note on Monday, July 17th. J P Morgan Chase & Co set a $22.00 target price on shares of General Electric and gave the stock a “sell” rating in a research note on Tuesday. Stifel Nicolaus reaffirmed a “buy” rating on shares of General Electric in a research note on Wednesday, June 14th. Zacks Investment Research cut shares of General Electric from a “hold” rating to a “sell” rating in a research note on Wednesday, June 21st. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $31.00 target price on shares of General Electric in a research note on Friday. Five equities research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $28.98.

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In other General Electric news, Director James E. Rohr purchased 27,425 shares of the company’s stock in a transaction dated Monday, July 24th. The shares were bought at an average price of $25.50 per share, for a total transaction of $699,337.50. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Alexander Dimitrief purchased 1,845 shares of the company’s stock in a transaction dated Monday, July 24th. The shares were acquired at an average price of $25.54 per share, for a total transaction of $47,121.30. Following the purchase, the insider now owns 65,597 shares in the company, valued at $1,675,347.38. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 233,253 shares of company stock worth $5,860,264. 0.36% of the stock is currently owned by company insiders.

About General Electric

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

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