General Electric Company (GE) Holdings Lifted by Alpine Woods Capital Investors LLC
Alpine Woods Capital Investors LLC increased its stake in General Electric Company (NYSE:GE) by 231.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,216 shares of the conglomerate’s stock after acquiring an additional 26,000 shares during the period. Alpine Woods Capital Investors LLC’s holdings in General Electric were worth $1,005,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of GE. BTR Capital Management Inc. boosted its holdings in shares of General Electric by 161.5% in the first quarter. BTR Capital Management Inc. now owns 198,551 shares of the conglomerate’s stock valued at $5,917,000 after acquiring an additional 122,617 shares in the last quarter. DORCHESTER WEALTH MANAGEMENT Co boosted its holdings in shares of General Electric by 6.5% in the first quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 204,249 shares of the conglomerate’s stock valued at $6,087,000 after acquiring an additional 12,552 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of General Electric by 2.4% in the first quarter. Janney Montgomery Scott LLC now owns 2,910,635 shares of the conglomerate’s stock valued at $86,737,000 after acquiring an additional 69,110 shares in the last quarter. K.J. Harrison & Partners Inc boosted its holdings in shares of General Electric by 16.3% in the first quarter. K.J. Harrison & Partners Inc now owns 92,995 shares of the conglomerate’s stock valued at $2,771,000 after acquiring an additional 13,000 shares in the last quarter. Finally, Moloney Securities Asset Management LLC boosted its holdings in shares of General Electric by 2.0% in the first quarter. Moloney Securities Asset Management LLC now owns 125,534 shares of the conglomerate’s stock valued at $3,741,000 after acquiring an additional 2,406 shares in the last quarter. Institutional investors and hedge funds own 54.75% of the company’s stock.
In related news, Director Steven M. Mollenkopf purchased 5,500 shares of the firm’s stock in a transaction on Thursday, November 16th. The shares were bought at an average cost of $18.24 per share, for a total transaction of $100,320.00. Following the transaction, the director now directly owns 5,500 shares of the company’s stock, valued at approximately $100,320. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director James S. Tisch purchased 100,000 shares of the firm’s stock in a transaction on Tuesday, August 22nd. The stock was bought at an average price of $24.56 per share, for a total transaction of $2,456,000.00. The disclosure for this purchase can be found here. Insiders purchased a total of 165,500 shares of company stock worth $3,652,520 over the last quarter. 0.36% of the stock is currently owned by company insiders.
General Electric Company (GE) opened at $18.21 on Monday. General Electric Company has a 12 month low of $17.46 and a 12 month high of $32.38. The company has a quick ratio of 1.53, a current ratio of 1.86 and a debt-to-equity ratio of 1.14. The stock has a market cap of $157,918.66, a price-to-earnings ratio of 14.69, a P/E/G ratio of 1.99 and a beta of 1.11.
General Electric (NYSE:GE) last posted its earnings results on Friday, October 20th. The conglomerate reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.20). General Electric had a net margin of 6.08% and a return on equity of 13.72%. The firm had revenue of $33.47 billion during the quarter, compared to analyst estimates of $32.51 billion. During the same quarter in the previous year, the business posted $0.32 earnings per share. The business’s quarterly revenue was up 11.5% compared to the same quarter last year. equities analysts anticipate that General Electric Company will post 1.06 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, October 25th. Investors of record on Monday, September 18th were paid a $0.24 dividend. The ex-dividend date of this dividend was Friday, September 15th. This represents a $0.96 dividend on an annualized basis and a yield of 5.27%. General Electric’s payout ratio is presently 120.00%.
GE has been the subject of a number of research reports. Stifel Nicolaus restated a “buy” rating and set a $26.00 target price on shares of General Electric in a report on Thursday, October 12th. Morgan Stanley restated an “equal weight” rating and set a $26.00 target price (down from $27.00) on shares of General Electric in a report on Monday, July 24th. J P Morgan Chase & Co reduced their target price on shares of General Electric from $19.00 to $17.00 and set an “underweight” rating for the company in a report on Wednesday, November 1st. Vetr upgraded shares of General Electric from a “strong sell” rating to a “sell” rating and set a $21.74 target price for the company in a report on Tuesday, October 10th. Finally, Citigroup Inc. set a $25.00 target price on shares of General Electric and gave the stock a “buy” rating in a report on Tuesday, November 14th. Six analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. General Electric has a consensus rating of “Hold” and a consensus target price of $24.84.
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