Lathrop Investment Management Corp maintained its position in shares of General Electric Company (NYSE:GE) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 443,431 shares of the conglomerate’s stock at the end of the 2nd quarter. General Electric accounts for about 3.8% of Lathrop Investment Management Corp’s holdings, making the stock its 12th largest holding. Lathrop Investment Management Corp’s holdings in General Electric were worth $13,214,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Harris Associates L P boosted its position in shares of General Electric by 26.4% during the 1st quarter. Harris Associates L P now owns 46,376,143 shares of the conglomerate’s stock valued at $1,382,009,000 after acquiring an additional 9,681,420 shares in the last quarter. UBS Oconnor LLC boosted its position in shares of General Electric by 795.5% during the 1st quarter. UBS Oconnor LLC now owns 2,025,000 shares of the conglomerate’s stock valued at $60,345,000 after acquiring an additional 1,798,877 shares in the last quarter. Nationwide Fund Advisors boosted its position in shares of General Electric by 41.6% during the 1st quarter. Nationwide Fund Advisors now owns 5,420,262 shares of the conglomerate’s stock valued at $161,524,000 after acquiring an additional 1,591,790 shares in the last quarter. Candriam Luxembourg S.C.A. boosted its position in shares of General Electric by 134.7% during the 1st quarter. Candriam Luxembourg S.C.A. now owns 2,151,496 shares of the conglomerate’s stock valued at $64,118,000 after acquiring an additional 1,234,776 shares in the last quarter. Finally, WINTON GROUP Ltd acquired a new stake in shares of General Electric during the 1st quarter valued at about $35,777,000. Institutional investors own 54.71% of the company’s stock.

General Electric (NYSE:GE) last posted its quarterly earnings results on Friday, July 21st. The conglomerate reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $29.07 billion. During the same period last year, the company posted $0.51 EPS. The firm’s quarterly revenue was down 11.8% compared to the same quarter last year.

The business 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 $0.24 dividend. The ex-dividend date of this dividend is Friday, September 15th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.86%. General Electric’s payout ratio is currently 118.52%.

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Several analysts have recently weighed in on GE shares. Vetr lowered shares of General Electric from a “strong-buy” rating to a “buy” rating and set a $30.48 target price on the stock. in a research report on Tuesday, July 4th. Morgan Stanley reiterated an “equal weight” rating and set a $26.00 target price (down from $27.00) on shares of General Electric in a research report on Monday, July 24th. BidaskClub lowered shares of General Electric from a “sell” rating to a “strong sell” rating in a research report on Wednesday, June 28th. Deutsche Bank AG reiterated a “sell” rating and set a $24.00 target price on shares of General Electric in a research report on Thursday, June 8th. Finally, J P Morgan Chase & Co set a $22.00 target price on shares of General Electric and gave the company a “sell” rating in a research report on Monday, July 24th. Five investment analysts have rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $28.98.

In other General Electric news, Director James S. Tisch acquired 100,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was acquired at an average price of $24.56 per share, for a total transaction of $2,456,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO John Leonard Flannery acquired 103,983 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The stock was acquired at an average price of $25.56 per share, with a total value of $2,657,805.48. Following the acquisition, the chief executive officer now owns 509,430 shares in the company, valued at $13,021,030.80. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 233,253 shares of company stock worth $5,860,264. 0.36% of the stock is currently owned by corporate insiders.

General Electric Company Profile

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

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