Sarasin & Partners LLP Has $1.45 Million Holdings in General Electric Company (GE)
Sarasin & Partners LLP boosted its holdings in shares of General Electric Company (NYSE:GE) by 6.0% in the second quarter, according to its most recent filing with the SEC. The firm owned 53,673 shares of the conglomerate’s stock after acquiring an additional 3,061 shares during the period. Sarasin & Partners LLP’s holdings in General Electric were worth $1,450,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Ullmann Financial Group Inc. acquired a new stake in General Electric during the 1st quarter worth $106,000. PHH Investments Ltd. boosted its position in shares of General Electric by 105.0% during 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 boosted its position in shares of General Electric by 3.6% during 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. Cascade Investment Advisors Inc. boosted its position in shares of General Electric by 25.2% during 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. Finally, Barber Financial Group Inc. boosted its position in shares of General Electric by 3.1% during the first quarter. Barber Financial Group Inc. now owns 7,363 shares of the conglomerate’s stock worth $219,000 after purchasing an additional 220 shares in the last quarter. 54.75% of the stock is owned by hedge funds and other institutional investors.
ILLEGAL ACTIVITY NOTICE: This report was originally posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this report on another domain, it was illegally copied and reposted in violation of US & international copyright & trademark law. The correct version of this report can be accessed at https://www.thecerbatgem.com/2017/11/22/sarasin-partners-llp-has-1-45-million-holdings-in-general-electric-company-ge.html.
Shares of General Electric Company (NYSE:GE) opened at $17.83 on Wednesday. The company has a market cap of $155,924.08, a PE ratio of 14.50, a price-to-earnings-growth ratio of 1.96 and a beta of 1.11. General Electric Company has a 52-week low of $17.46 and a 52-week 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.
General Electric (NYSE:GE) last released its quarterly earnings data on Friday, October 20th. The conglomerate reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.20). The firm 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 13.72% and a net margin of 6.08%. The firm’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.32 earnings per share. sell-side analysts anticipate that General Electric Company will post 1.06 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 25th. Stockholders of record on Monday, September 18th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, September 15th. This represents a $0.96 annualized dividend and a dividend yield of 5.38%. General Electric’s dividend payout ratio is presently 120.00%.
A number of brokerages have recently weighed in on GE. Cowen and Company reissued a “hold” rating and set a $24.00 price target on shares of General Electric in a research report on Monday, August 7th. UBS AG reissued a “buy” rating and set a $31.00 price target (down from $35.00) on shares of General Electric in a research report on Tuesday, July 25th. Stifel Nicolaus reduced their price target on shares of General Electric from $33.00 to $28.00 and set a “buy” rating on the stock in a research report on Tuesday, July 25th. J P Morgan Chase & Co reissued an “underweight” rating and set a $22.00 price target on shares of General Electric in a research report on Thursday, September 7th. Finally, Vetr cut shares of General Electric from a “hold” rating to a “sell” rating and set a $23.72 price target on the stock. in a research report on Monday, September 25th. Six investment analysts have rated the stock with a sell rating, seven have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $24.49.
In other news, Director Francisco Dsouza acquired 55,000 shares of the stock in a transaction dated 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 acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Steven M. Mollenkopf acquired 5,500 shares of the stock in a transaction dated Thursday, November 16th. The shares were purchased at an average price of $18.24 per share, for a total transaction of $100,320.00. Following the completion of the purchase, the director now directly owns 5,500 shares in the company, valued at $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 over the last 90 days. 0.36% of the stock is owned by company insiders.
General Electric Profile
Want to see what other hedge funds are holding GE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for General Electric Company (NYSE:GE).
Receive News & Stock Ratings for General Electric Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Electric Company and related stocks with our FREE daily email newsletter.