General Electric Company (GE) Shares Bought by Warren Averett Asset Management LLC
Warren Averett Asset Management LLC grew its stake in shares of General Electric Company (NYSE:GE) by 7.0% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 103,854 shares of the conglomerate’s stock after buying an additional 6,799 shares during the period. General Electric makes up 0.7% of Warren Averett Asset Management LLC’s investment portfolio, making the stock its 18th biggest holding. Warren Averett Asset Management LLC’s holdings in General Electric were worth $2,805,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in GE. Ullmann Financial Group Inc. acquired a new position in General Electric in the first quarter worth about $106,000. Feltz Wealth PLAN Inc. acquired a new position in General Electric in the first quarter worth about $114,000. PHH Investments Ltd. raised its position in General Electric by 105.0% in the first 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. Oakmont Partners LLC raised its position in General Electric by 3.6% in the second quarter. Oakmont Partners LLC now owns 8,034 shares of the conglomerate’s stock worth $217,000 after purchasing an additional 278 shares in the last quarter. Finally, Cascade Investment Advisors Inc. raised its position in General Electric by 25.2% in the second quarter. Cascade Investment Advisors Inc. now owns 8,081 shares of the conglomerate’s stock worth $218,000 after purchasing an additional 1,625 shares in the last quarter. 54.67% of the stock is owned by institutional investors and hedge funds.
Several research analysts recently issued reports on the stock. Cowen and Company reissued a “hold” rating and issued a $24.00 price target on shares of General Electric in a research report on Friday. J P Morgan Chase & Co reissued a “sell” rating and issued a price target on shares of General Electric in a research report on Thursday. Goldman Sachs Group, Inc. (The) set a $23.00 price target on shares of General Electric and gave the stock a “hold” rating in a research report on Tuesday, October 17th. Stifel Nicolaus reissued a “buy” rating and issued a $26.00 price target on shares of General Electric in a research report on Thursday, October 12th. Finally, Vetr raised 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. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the company. General Electric has an average rating of “Hold” and an average target price of $27.93.
In other General Electric news, Director James S. Tisch bought 100,000 shares of General Electric stock in a transaction on Tuesday, August 22nd. The shares were purchased at an average cost of $24.56 per share, with a total value of $2,456,000.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Vice Chairman Elizabeth J. Comstock sold 24,693 shares of the business’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $25.65, for a total transaction of $633,375.45. Following the sale, the insider now directly owns 175,717 shares in the company, valued at $4,507,141.05. The disclosure for this sale can be found here. Over the last quarter, insiders have purchased 233,253 shares of company stock valued at $5,860,264. 0.36% of the stock is owned by corporate insiders.
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Shares of General Electric Company (GE) opened at 23.83 on Friday. The company has a market capitalization of $206.32 billion, a PE ratio of 29.03 and a beta of 1.19. General Electric Company has a 1-year low of $22.10 and a 1-year high of $32.38. The stock’s 50 day moving average is $24.11 and its 200 day moving average is $26.55.
General Electric (NYSE:GE) last released its quarterly earnings data on Friday, October 20th. The conglomerate reported $0.29 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.20). The company had revenue of $33.47 billion for the quarter, compared to analyst estimates of $32.51 billion. General Electric had a return on equity of 14.59% and a net margin of 6.45%. General Electric’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.32 earnings per share. On average, equities research analysts anticipate that General Electric Company will post $1.53 EPS for the current fiscal 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 given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 4.03%. The ex-dividend date is Friday, September 15th. General Electric’s dividend payout ratio is 120.00%.
General Electric Company Profile
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