Savant Capital LLC trimmed its stake in General Electric Company (NYSE:GE) by 3.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 82,796 shares of the conglomerate’s stock after selling 3,376 shares during the quarter. Savant Capital LLC’s holdings in General Electric were worth $2,236,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Boston Partners lifted its stake in shares of General Electric by 7,892.3% in the second quarter. Boston Partners now owns 14,228,611 shares of the conglomerate’s stock valued at $384,315,000 after buying an additional 14,050,581 shares in the last quarter. Harris Associates L P lifted its stake in shares of General Electric by 26.4% in the first quarter. Harris Associates L P now owns 46,376,143 shares of the conglomerate’s stock valued at $1,382,009,000 after buying an additional 9,681,420 shares in the last quarter. First Trust Advisors LP lifted its position in shares of General Electric by 417.3% during the second quarter. First Trust Advisors LP now owns 4,452,413 shares of the conglomerate’s stock valued at $120,260,000 after purchasing an additional 3,591,689 shares in the last quarter. UBS Oconnor LLC lifted its position in shares of General Electric by 795.5% during the first quarter. UBS Oconnor LLC now owns 2,025,000 shares of the conglomerate’s stock valued at $60,345,000 after purchasing an additional 1,798,877 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its position in shares of General Electric by 4.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 29,006,605 shares of the conglomerate’s stock valued at $783,469,000 after purchasing an additional 1,357,535 shares in the last quarter. Institutional investors and hedge funds own 54.75% of the company’s stock.

Shares of General Electric Company (GE) opened at $17.98 on Tuesday. General Electric Company has a 1-year low of $17.46 and a 1-year high of $32.38. The company has a current ratio of 1.86, a quick ratio of 1.53 and a debt-to-equity ratio of 1.14. The company has a market cap of $156,310.00, 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 issued 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 analysts’ expectations of $32.51 billion. General Electric had a net margin of 6.08% and a return on equity of 13.72%. The firm’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.32 earnings per share. equities analysts anticipate that General Electric Company will post 1.06 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 25th. Shareholders 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 yield of 5.34%. The ex-dividend date was Friday, September 15th. General Electric’s payout ratio is currently 111.63%.

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In related news, Chairman John Leonard Flannery acquired 60,000 shares of General Electric stock in a transaction on Wednesday, November 15th. The shares were acquired at an average cost of $18.27 per share, with a total value of $1,096,200.00. Following the transaction, the chairman now owns 575,477 shares in the company, valued at $10,513,964.79. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Francisco Dsouza acquired 55,000 shares of General Electric stock in a transaction on Monday, November 20th. The shares were bought at an average cost of $17.94 per share, for a total transaction of $986,700.00. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 120,500 shares of company stock worth $2,183,220. Insiders own 0.36% of the company’s stock.

GE has been the subject of a number of research analyst reports. Morgan Stanley restated an “equal weight” rating and set a $26.00 price objective (down previously from $27.00) on shares of General Electric in a report on Monday, July 24th. J P Morgan Chase & Co set a $22.00 price objective on shares of General Electric and gave the stock a “sell” rating in a report on Monday, July 24th. Goldman Sachs Group, Inc. (The) set a $27.00 target price on shares of General Electric and gave the stock a “neutral” rating in a research note on Monday, July 24th. Cowen and Company reiterated a “hold” rating and issued a $24.00 target price on shares of General Electric in a research note on Monday, August 7th. Finally, UBS AG reiterated a “buy” rating and issued a $31.00 target price (down previously from $35.00) on shares of General Electric in a research note on Tuesday, July 25th. Six analysts have rated the stock with a sell rating, seven have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $24.84.

About General Electric

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

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