Obermeyer Wood Investment Counsel Lllp increased its holdings in General Electric Company (NYSE:GE) by 17.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,728 shares of the conglomerate’s stock after purchasing an additional 2,480 shares during the period. Obermeyer Wood Investment Counsel Lllp’s holdings in General Electric were worth $452,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Warren Averett Asset Management LLC raised its holdings in shares of General Electric by 7.0% during the 2nd quarter. Warren Averett Asset Management LLC now owns 103,854 shares of the conglomerate’s stock worth $2,805,000 after acquiring an additional 6,799 shares in the last quarter. Sabal Trust CO raised its holdings in shares of General Electric by 5.4% during the 2nd quarter. Sabal Trust CO now owns 1,080,995 shares of the conglomerate’s stock worth $29,198,000 after acquiring an additional 55,049 shares in the last quarter. Rockland Trust Co. raised its holdings in shares of General Electric by 8.6% during the 2nd quarter. Rockland Trust Co. now owns 205,544 shares of the conglomerate’s stock worth $5,552,000 after acquiring an additional 16,309 shares in the last quarter. Rothschild Investment Corp IL raised its holdings in shares of General Electric by 2.4% during the 2nd quarter. Rothschild Investment Corp IL now owns 465,351 shares of the conglomerate’s stock worth $12,569,000 after acquiring an additional 10,906 shares in the last quarter. Finally, Windsor Financial Group LLC raised its holdings in shares of General Electric by 497.6% during the 1st quarter. Windsor Financial Group LLC now owns 156,454 shares of the conglomerate’s stock worth $4,662,000 after acquiring an additional 130,275 shares in the last quarter. 54.75% of the stock is currently owned by institutional investors.

Several brokerages have recently issued reports on GE. J P Morgan Chase & Co set a $22.00 price objective on General Electric and gave the stock a “sell” rating in a report on Tuesday, September 19th. Citigroup Inc. set a $28.00 target price on General Electric and gave the company a “buy” rating in a research report on Monday, October 23rd. UBS AG downgraded General Electric from a “buy” rating to a “neutral” rating and cut their target price for the company from $31.00 to $24.00 in a research report on Monday, October 23rd. Royal Bank Of Canada downgraded General Electric from an “outperform” rating to a “sector perform” rating and cut their target price for the company from $25.00 to $20.00 in a research report on Tuesday, November 14th. Finally, Stifel Nicolaus set a $22.00 target price on General Electric and gave the company a “neutral” rating in a research report on Tuesday, November 14th. Six equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. General Electric has an average rating of “Hold” and a consensus price target of $24.84.

In other news, Director Francisco Dsouza purchased 55,000 shares of the company’s stock in a transaction dated Monday, November 20th. The shares were acquired at an average price of $17.94 per share, with a total value of $986,700.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Steven M. Mollenkopf purchased 5,500 shares of the company’s stock in a transaction dated Thursday, November 16th. The shares were purchased 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 in the company, valued at approximately $100,320. The disclosure for this purchase can be found here. Insiders have bought a total of 120,500 shares of company stock worth $2,183,220 in the last three months. Corporate insiders own 0.36% of the company’s stock.

General Electric Company (NYSE:GE) opened at $17.98 on Tuesday. General Electric Company has a 12-month low of $17.46 and a 12-month high of $32.38. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.53 and a current ratio of 1.86. The stock has a market capitalization of $156,310.00, a price-to-earnings ratio of 14.69, a PEG ratio of 1.99 and a beta of 1.11.

General Electric (NYSE:GE) last posted its quarterly 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 return on equity of 13.72% and a net margin of 6.08%. The firm had revenue of $33.47 billion for the quarter, compared to the consensus estimate of $32.51 billion. During the same period in the previous year, the company posted $0.32 EPS. General Electric’s quarterly revenue was up 11.5% compared to the same quarter last year. research analysts forecast that General Electric Company will post 1.06 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 25th. Stockholders of record on Monday, September 18th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.34%. The ex-dividend date was Friday, September 15th. General Electric’s payout ratio is 111.63%.

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About General Electric

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

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