Grand Jean Capital Management Inc. Acquires Shares of 8,500 General Electric Company (GE)
Grand Jean Capital Management Inc. acquired a new stake in General Electric Company (NYSE:GE) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 8,500 shares of the conglomerate’s stock, valued at approximately $230,000.
A number of other institutional investors and hedge funds also recently bought and sold shares of GE. Ullmann Financial Group Inc. acquired a new stake in shares of General Electric during the 1st quarter worth approximately $106,000. Ffcm LLC acquired a new stake in shares of General Electric during the 2nd quarter worth approximately $114,000. PHH Investments Ltd. grew its position in shares of General Electric by 105.0% during the 1st quarter. PHH Investments Ltd. now owns 3,905 shares of the conglomerate’s stock worth $116,000 after buying an additional 2,000 shares during the period. Tuttle Tactical Management LLC acquired a new position in General Electric during the second quarter valued at approximately $209,000. Finally, Oakmont Partners LLC grew its holdings in General Electric by 3.6% during the second quarter. Oakmont Partners LLC now owns 8,034 shares of the conglomerate’s stock valued at $217,000 after purchasing an additional 278 shares during the period. Hedge funds and other institutional investors own 55.74% of the company’s stock.
A number of brokerages recently issued reports on GE. Vetr cut shares of General Electric from a “hold” rating to a “sell” rating and set a $23.72 price objective for the company. in a report on Monday, September 25th. Goldman Sachs Group set a $19.00 price objective on shares of General Electric and gave the company a “neutral” rating in a report on Thursday, November 30th. Cowen restated a “hold” rating and set a $19.00 price objective on shares of General Electric in a report on Wednesday, November 8th. Deutsche Bank set a $21.00 price objective on shares of General Electric and gave the company a “sell” rating in a report on Monday, October 23rd. Finally, J P Morgan Chase & Co restated an “underweight” rating on shares of General Electric in a report on Thursday, September 21st. Six equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. General Electric currently has an average rating of “Hold” and an average target price of $23.64.
General Electric Company (NYSE GE) opened at $17.71 on Friday. The company has a quick ratio of 1.53, a current ratio of 1.86 and a debt-to-equity ratio of 1.14. General Electric Company has a one year low of $17.46 and a one year high of $32.38. The firm has a market cap of $153,582.61, a P/E ratio of 14.28, a price-to-earnings-growth ratio of 1.92 and a beta of 1.06.
General Electric (NYSE:GE) last announced its quarterly earnings data on Friday, October 20th. The conglomerate reported $0.29 EPS for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.20). The business had revenue of $33.47 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.32 EPS. equities research analysts expect that General Electric Company will post 1.07 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 25th. Stockholders of record on Wednesday, December 27th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date of this dividend is Tuesday, December 26th. General Electric’s dividend payout ratio is presently 120.00%.
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About General Electric
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