Notis McConarty Edward cut its holdings in shares of General Electric Company (NYSE:GE) by 0.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 81,295 shares of the conglomerate’s stock after selling 100 shares during the period. General Electric comprises approximately 1.4% of Notis McConarty Edward’s investment portfolio, making the stock its 25th biggest position. Notis McConarty Edward’s holdings in General Electric were worth $2,196,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BerganKDV Wealth Management LLC grew its holdings in General Electric by 0.3% during the 2nd quarter. BerganKDV Wealth Management LLC now owns 11,804 shares of the conglomerate’s stock worth $319,000 after acquiring an additional 36 shares during the period. Puplava Financial Services Inc. grew its holdings in General Electric by 0.4% during the 2nd quarter. Puplava Financial Services Inc. now owns 11,209 shares of the conglomerate’s stock worth $303,000 after acquiring an additional 41 shares during the period. Northwest Wealth Management LLC grew its holdings in General Electric by 0.8% during the 2nd quarter. Northwest Wealth Management LLC now owns 9,392 shares of the conglomerate’s stock worth $254,000 after acquiring an additional 75 shares during the period. Insight 2811 Inc. grew its holdings in General Electric by 0.3% during the 1st quarter. Insight 2811 Inc. now owns 37,789 shares of the conglomerate’s stock worth $1,126,000 after acquiring an additional 118 shares during the period. Finally, Blue Fin Capital Inc. grew its holdings in General Electric by 0.3% during the 1st quarter. Blue Fin Capital Inc. now owns 55,992 shares of the conglomerate’s stock worth $1,668,000 after acquiring an additional 158 shares during the period. Hedge funds and other institutional investors own 54.69% of the company’s stock.

Shares of General Electric Company (NYSE GE) traded down 3.69% during trading on Monday, hitting $23.49. 94,150,144 shares of the company traded hands. The company has a market capitalization of $203.38 billion, a price-to-earnings ratio of 28.61 and a beta of 1.19. The company has a 50 day moving average price of $24.44 and a 200 day moving average price of $27.00. General Electric Company has a 52 week low of $23.38 and a 52 week high of $32.38.

General Electric (NYSE:GE) last announced its quarterly earnings data 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 during the quarter, compared to analyst estimates of $29.07 billion. During the same quarter last year, the business posted $0.51 EPS. The firm’s revenue for the quarter was down 11.8% on a year-over-year basis. On average, analysts expect that General Electric Company will post $1.55 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Investors of record on Monday, September 18th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, September 15th. This represents a $0.96 dividend on an annualized basis and a yield of 3.94%. General Electric’s payout ratio is 118.52%.

In other General Electric news, CEO John Leonard Flannery bought 103,983 shares of the business’s stock in a transaction on Tuesday, August 8th. The shares were acquired at an average price of $25.56 per share, with a total value of $2,657,805.48. Following the transaction, the chief executive officer now owns 509,430 shares of the company’s stock, valued at approximately $13,021,030.80. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Vice Chairman Elizabeth J. Comstock sold 24,693 shares of the firm’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $25.65, for a total transaction of $633,375.45. Following the transaction, the insider now directly owns 175,717 shares in the company, valued at approximately $4,507,141.05. The disclosure for this sale can be found here. Insiders have acquired a total of 233,253 shares of company stock worth $5,860,264 in the last three months. Insiders own 0.36% of the company’s stock.

A number of analysts have weighed in on the company. Morgan Stanley reiterated an “equal weight” rating and set a $27.00 price target on shares of General Electric in a report on Monday, July 17th. J P Morgan Chase & Co set a $22.00 price target on shares of General Electric and gave the company a “sell” rating in a research report on Tuesday, September 19th. Stifel Nicolaus reaffirmed a “buy” rating on shares of General Electric in a research report on Wednesday, June 14th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $31.00 price target on shares of General Electric in a research report on Friday, September 15th. Finally, Vetr raised shares of General Electric from a “strong sell” rating to a “sell” rating and set a $21.63 price target on the stock in a research report on Monday, October 2nd. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $28.39.

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General Electric Company Profile

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

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