Hall Capital Management Co. Inc. lowered its stake in shares of General Electric Company (NYSE:GE) by 68.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,242 shares of the conglomerate’s stock after selling 45,956 shares during the quarter. Hall Capital Management Co. Inc.’s holdings in General Electric were worth $574,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the company. Arete Wealth Advisors LLC boosted its holdings in General Electric by 98.2% in the second quarter. Arete Wealth Advisors LLC now owns 57,296 shares of the conglomerate’s stock worth $1,548,000 after purchasing an additional 28,391 shares during the period. QS Investors LLC boosted its holdings in General Electric by 25.0% in the second quarter. QS Investors LLC now owns 843,408 shares of the conglomerate’s stock worth $22,780,000 after purchasing an additional 168,897 shares during the period. InterOcean Capital LLC boosted its holdings in General Electric by 47.0% in the second quarter. InterOcean Capital LLC now owns 272,468 shares of the conglomerate’s stock worth $7,359,000 after purchasing an additional 87,070 shares during the period. Doliver Capital Advisors LP acquired a new position in General Electric in the second quarter worth $424,000. Finally, RKL Wealth Management LLC boosted its holdings in General Electric by 3.4% in the second quarter. RKL Wealth Management LLC now owns 43,351 shares of the conglomerate’s stock worth $1,174,000 after purchasing an additional 1,430 shares during the period. 55.74% of the stock is owned by institutional investors and hedge funds.

Shares of General Electric Company (NYSE:GE) traded down $0.05 during midday trading on Monday, hitting $17.67. 22,361,785 shares of the company were exchanged, compared to its average volume of 45,194,363. General Electric Company has a fifty-two week low of $17.46 and a fifty-two week 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 capitalization of $153,582.61, a PE ratio of 14.28, a P/E/G ratio of 1.92 and a beta of 1.06.

General Electric (NYSE:GE) last issued its quarterly earnings data on Friday, October 20th. The conglomerate reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.20). General Electric had a net margin of 6.08% and a return on equity of 13.72%. The company had revenue of $33.47 billion for the quarter, compared to the consensus estimate of $32.51 billion. During the same quarter in the prior year, the firm earned $0.32 earnings per share. General Electric’s revenue for the quarter was up 11.5% compared to the same quarter last year. analysts expect that General Electric Company will post 1.07 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 25th. Investors of record on Wednesday, December 27th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date of this dividend is Tuesday, December 26th. General Electric’s dividend payout ratio is currently 120.00%.

In related news, Chairman John Leonard Flannery acquired 60,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The shares were acquired at an average cost of $18.27 per share, for a total transaction of $1,096,200.00. Following the completion of the purchase, the chairman now directly owns 575,477 shares in the company, valued at $10,513,964.79. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Steven M. Mollenkopf acquired 5,500 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The shares were bought 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 owns 5,500 shares of the company’s stock, valued at $100,320. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 120,500 shares of company stock worth $2,183,220. Company insiders own 0.36% of the company’s stock.

GE has been the subject of a number of research reports. J P Morgan Chase & Co reaffirmed an “underweight” rating and issued a $22.00 price objective on shares of General Electric in a report on Thursday, September 7th. Deutsche Bank reissued a “sell” rating and set a $21.00 price target (down previously from $24.00) on shares of General Electric in a report on Monday, September 11th. Vetr downgraded shares of General Electric from a “strong-buy” rating to a “buy” rating and set a $25.63 price target for the company. in a report on Wednesday, September 13th. Royal Bank Of Canada reissued a “buy” rating and set a $31.00 price target on shares of General Electric in a report on Friday, September 15th. Finally, Argus reduced their price target on shares of General Electric from $30.00 to $27.00 and set a “buy” rating for the company in a report on Monday, September 18th. Six equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. General Electric currently has a consensus rating of “Hold” and a consensus target price of $23.39.

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About General Electric

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

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