Macguire Cheswick & Tuttle Investment Counsel LLC trimmed its stake in shares of General Electric (NYSE:GE) by 28.3% during the third quarter, HoldingsChannel.com reports. The firm owned 39,830 shares of the conglomerate’s stock after selling 15,683 shares during the quarter. Macguire Cheswick & Tuttle Investment Counsel LLC’s holdings in General Electric were worth $963,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Ffcm LLC purchased a new position in General Electric during the second quarter worth about $114,000. MPS Loria Financial Planners LLC purchased a new position in General Electric during the second quarter worth about $113,000. Corbenic Partners LLC grew its position in General Electric by 15.7% during the second quarter. Corbenic Partners LLC now owns 5,340 shares of the conglomerate’s stock worth $144,000 after buying an additional 725 shares in the last quarter. Bristlecone Advisors LLC purchased a new position in General Electric during the third quarter worth about $164,000. Finally, Tuttle Tactical Management LLC purchased a new position in General Electric during the second quarter worth about $209,000. Institutional investors own 55.63% of the company’s stock.

Several research firms recently commented on GE. Vetr cut General Electric from a “hold” rating to a “sell” rating and set a $23.72 target price for the company. in a research report on Monday, September 25th. Credit Suisse Group restated an “outperform” rating and set a $30.00 target price (down from $33.00) on shares of General Electric in a research report on Thursday, October 5th. JPMorgan Chase & Co. set a $22.00 target price on General Electric and gave the stock a “sell” rating in a research report on Tuesday, September 19th. Morgan Stanley reduced their target price on General Electric from $26.00 to $25.00 and set an “equal weight” rating for the company in a research report on Monday, October 2nd. Finally, Argus reduced their target price on General Electric from $30.00 to $27.00 and set a “buy” rating for the company in a research report on Monday, September 18th. Six analysts have rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $23.19.

In other news, Director Steven M. Mollenkopf acquired 5,500 shares of the business’s stock in a transaction dated Thursday, November 16th. The stock was purchased at an average cost of $18.24 per share, for a total transaction of $100,320.00. Following the acquisition, the director now owns 5,500 shares of the company’s stock, valued at $100,320. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman John Leonard Flannery bought 60,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The shares were bought at an average price of $18.27 per share, with a total value of $1,096,200.00. Following the completion of the acquisition, the chairman now directly owns 575,477 shares in the company, valued at $10,513,964.79. The disclosure for this purchase can be found here. Insiders bought a total of 120,500 shares of company stock valued at $2,183,220 over the last quarter. Company insiders own 0.36% of the company’s stock.

General Electric (NYSE:GE) opened at $18.76 on Friday. General Electric has a fifty-two week low of $17.25 and a fifty-two week high of $31.47. The company has a quick ratio of 1.53, a current ratio of 1.86 and a debt-to-equity ratio of 1.14. The stock has a market capitalization of $162,690.00, a PE ratio of 21.81, a PEG ratio of 2.05 and a beta of 1.07.

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

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 25th. Stockholders of record on Wednesday, December 27th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date is Tuesday, December 26th. General Electric’s payout ratio is currently 55.81%.

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General Electric Company Profile

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

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