Ramsay Stattman Vela & Price Inc. boosted its holdings in shares of General Electric Company (NYSE:GE) by 252.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 66,825 shares of the conglomerate’s stock after acquiring an additional 47,850 shares during the period. Ramsay Stattman Vela & Price Inc. owned 0.10% of General Electric worth $1,805,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in GE. K.J. Harrison & Partners Inc grew its stake in General Electric by 16.3% during the 1st 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. BTC Capital Management Inc. grew its stake in shares of General Electric by 1.1% in the 1st quarter. BTC Capital Management Inc. now owns 134,796 shares of the conglomerate’s stock valued at $4,018,000 after buying an additional 1,411 shares during the period. Selway Asset Management grew its stake in shares of General Electric by 1.6% in the 1st quarter. Selway Asset Management now owns 61,038 shares of the conglomerate’s stock valued at $1,819,000 after buying an additional 975 shares during the period. Pegasus Partners Ltd. grew its stake in shares of General Electric by 2.3% in the 1st quarter. Pegasus Partners Ltd. now owns 79,135 shares of the conglomerate’s stock valued at $2,358,000 after buying an additional 1,795 shares during the period. Finally, Access Financial Services Inc. grew its stake in shares of General Electric by 81.5% in the 1st quarter. Access Financial Services Inc. now owns 53,846 shares of the conglomerate’s stock valued at $1,605,000 after buying an additional 24,180 shares during the period. 55.76% of the stock is owned by institutional investors.

In other General Electric news, Director Steven M. Mollenkopf bought 5,500 shares of General Electric 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 acquisition, the director now directly owns 5,500 shares in the company, valued at $100,320. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Francisco Dsouza bought 55,000 shares of General Electric stock in a transaction on Monday, November 20th. The shares were acquired at an average price 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 quarter, insiders have acquired 120,500 shares of company stock worth $2,183,220. 0.36% of the stock is owned by company insiders.

Several research firms have recently weighed in on GE. J P Morgan Chase & Co set a $22.00 price target on shares of General Electric and gave the company a “sell” rating in a research note on Tuesday, September 19th. Citigroup set a $28.00 price target on shares of General Electric and gave the company a “buy” rating in a research note on Monday, October 23rd. UBS cut shares of General Electric from a “buy” rating to a “neutral” rating and dropped their price target for the company from $31.00 to $24.00 in a research note on Monday, October 23rd. Royal Bank Of Canada cut shares of General Electric from an “outperform” rating to a “sector perform” rating and dropped their price target for the company from $25.00 to $20.00 in a research note on Tuesday, November 14th. Finally, Deutsche Bank dropped their price target on shares of General Electric from $18.00 to $15.00 and set a “sell” rating for the company in a research note on Tuesday, November 21st. Six research 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 company. The stock currently has a consensus rating of “Hold” and an average target price of $24.31.

General Electric Company (NYSE:GE) opened at $17.88 on Friday. 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 firm has a market cap of $158,569.08, a P/E ratio of 14.75, a P/E/G ratio of 1.98 and a beta of 1.07. General Electric Company has a 1 year low of $17.46 and a 1 year high of $32.38.

General Electric (NYSE:GE) last posted its quarterly earnings data on Friday, October 20th. The conglomerate reported $0.29 earnings per share 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 return on equity of 13.72% and a net margin of 6.08%. The business’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.32 EPS. analysts expect that General Electric Company will post 1.07 earnings per share for the current fiscal year.

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

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