Capital Advisors Ltd. LLC continued to hold its stake in shares of General Electric Company (NYSE:GE) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,645 shares of the conglomerate’s stock at the close of the 2nd quarter. Capital Advisors Ltd. LLC’s holdings in General Electric were worth $179,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Cubic Asset Management LLC lifted its position in shares of General Electric by 1.5% in the 2nd quarter. Cubic Asset Management LLC now owns 234,961 shares of the conglomerate’s stock valued at $6,346,000 after acquiring an additional 3,485 shares in the last quarter. Argyle Capital Management Inc. lifted its position in shares of General Electric by 1.4% in the 2nd quarter. Argyle Capital Management Inc. now owns 162,677 shares of the conglomerate’s stock valued at $4,394,000 after acquiring an additional 2,258 shares in the last quarter. OLD Point Trust & Financial Services N A lifted its position in shares of General Electric by 1.6% in the 2nd quarter. OLD Point Trust & Financial Services N A now owns 211,208 shares of the conglomerate’s stock valued at $5,705,000 after acquiring an additional 3,342 shares in the last quarter. Shell Asset Management Co. lifted its position in shares of General Electric by 2.2% in the 2nd quarter. Shell Asset Management Co. now owns 1,392,298 shares of the conglomerate’s stock valued at $37,606,000 after acquiring an additional 30,341 shares in the last quarter. Finally, Balasa Dinverno & Foltz LLC lifted its position in shares of General Electric by 217.0% in the 2nd quarter. Balasa Dinverno & Foltz LLC now owns 88,773 shares of the conglomerate’s stock valued at $2,398,000 after acquiring an additional 60,768 shares in the last quarter. Institutional investors and hedge funds own 54.67% of the company’s stock.

In other news, CEO John Leonard Flannery purchased 103,983 shares of the company’s stock in a transaction on Tuesday, August 8th. The shares were purchased at an average cost of $25.56 per share, with a total value of $2,657,805.48. Following the completion of the transaction, the chief executive officer now owns 509,430 shares of the company’s stock, valued at approximately $13,021,030.80. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Alexander Dimitrief purchased 1,845 shares of the company’s stock in a transaction on Monday, July 24th. The shares were purchased at an average cost of $25.54 per share, for a total transaction of $47,121.30. Following the completion of the transaction, the insider now directly owns 65,597 shares of the company’s stock, valued at approximately $1,675,347.38. The disclosure for this purchase can be found here. Insiders have acquired 233,253 shares of company stock worth $5,860,264 over the last ninety days. Insiders own 0.36% of the company’s stock.

General Electric Company (NYSE:GE) opened at 23.19 on Wednesday. The company has a 50-day moving average of $24.25 and a 200-day moving average of $26.74. General Electric Company has a 1-year low of $22.83 and a 1-year high of $32.38. The firm has a market capitalization of $200.78 billion, a price-to-earnings ratio of 28.25 and a beta of 1.19.

General Electric (NYSE:GE) last posted its quarterly earnings results on Friday, July 21st. The conglomerate reported $0.28 earnings per share (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 firm had revenue of $29.56 billion for the quarter, compared to analyst estimates of $29.07 billion. During the same period in the prior year, the firm posted $0.51 earnings per share. The company’s quarterly revenue was down 11.8% compared to the same quarter last year. On average, equities analysts predict that General Electric Company will post $1.53 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Monday, September 18th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 4.14%. The ex-dividend date is Friday, September 15th. General Electric’s dividend payout ratio (DPR) is currently 118.52%.

Several equities research analysts recently commented on the stock. Goldman Sachs Group, Inc. (The) set a $23.00 price target on shares of General Electric and gave the company a “hold” rating in a research report on Tuesday. Stifel Nicolaus restated a “buy” rating and issued a $26.00 price target on shares of General Electric in a research report on Thursday, October 12th. Vetr upgraded shares of General Electric from a “strong sell” rating to a “sell” rating and set a $21.74 price target for the company in a research report on Tuesday, October 10th. J P Morgan Chase & Co restated an “underweight” rating and issued a $20.00 price target (down previously from $22.00) on shares of General Electric in a research report on Monday, October 9th. Finally, Credit Suisse Group restated an “outperform” rating and issued a $30.00 price target (down previously from $33.00) on shares of General Electric in a research report on Thursday, October 5th. Four 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’s stock. The company currently has an average rating of “Hold” and an average price target of $27.93.

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About General Electric

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

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