Anderson Hoagland & Co. Has $1.22 Million Holdings in General Electric (NYSE:GE)
Anderson Hoagland & Co. increased its holdings in shares of General Electric (NYSE:GE) by 8.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 148,280 shares of the conglomerate’s stock after buying an additional 12,065 shares during the quarter. Anderson Hoagland & Co.’s holdings in General Electric were worth $1,223,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Ashburton Jersey Ltd bought a new position in General Electric during the 2nd quarter worth about $25,000. Employers Holdings Inc. bought a new position in General Electric during the 2nd quarter worth about $28,000. Fusion Family Wealth LLC increased its holdings in General Electric by 10,516.0% during the 2nd quarter. Fusion Family Wealth LLC now owns 2,654 shares of the conglomerate’s stock worth $28,000 after purchasing an additional 2,629 shares in the last quarter. Manchester Financial Inc. bought a new position in General Electric during the 2nd quarter worth about $30,000. Finally, Princeton Global Asset Management LLC increased its holdings in General Electric by 307,700.0% during the 2nd quarter. Princeton Global Asset Management LLC now owns 3,078 shares of the conglomerate’s stock worth $32,000 after purchasing an additional 3,077 shares in the last quarter. 59.27% of the stock is currently owned by institutional investors and hedge funds.
In other General Electric news, Chairman H Lawrence Culp, Jr. purchased 331,684 shares of General Electric stock in a transaction that occurred on Monday, August 12th. The stock was acquired at an average price of $9.04 per share, for a total transaction of $2,998,423.36. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Paula Rosput Reynolds purchased 5,000 shares of General Electric stock in a transaction that occurred on Wednesday, August 14th. The shares were acquired at an average price of $9.05 per share, with a total value of $45,250.00. Following the acquisition, the director now directly owns 16,500 shares of the company’s stock, valued at approximately $149,325. The disclosure for this purchase can be found here. Insiders bought a total of 801,068 shares of company stock valued at $6,954,745 in the last 90 days. 1.13% of the stock is owned by corporate insiders.
General Electric (NYSE:GE) last announced its quarterly earnings data on Wednesday, July 31st. The conglomerate reported $0.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.05. The company had revenue of $28.83 billion during the quarter, compared to analysts’ expectations of $28.83 billion. General Electric had a positive return on equity of 10.64% and a negative net margin of 15.38%. General Electric’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.19 EPS. Sell-side analysts expect that General Electric will post 0.63 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Monday, September 16th will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.48%. The ex-dividend date is Friday, September 13th. General Electric’s payout ratio is 6.15%.
A number of equities analysts have issued reports on the company. ValuEngine upgraded General Electric from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. JPMorgan Chase & Co. reiterated a “sell” rating on shares of General Electric in a report on Monday. Citigroup set a $14.00 target price on General Electric and gave the stock a “buy” rating in a report on Wednesday, September 4th. William Blair reiterated a “buy” rating on shares of General Electric in a report on Friday, August 16th. Finally, Morgan Stanley assumed coverage on General Electric in a report on Thursday, September 5th. They set an “equal weight” rating and a $10.00 target price for the company. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $10.55.
About General Electric
General Electric Company operates as a high-tech industrial company worldwide. It operates through Power, Renewable Energy, Aviation, Oil & Gas, Healthcare, Transportation, Lighting, and Capital segments. The Power segment offers technologies, solutions, and services related to energy production, including gas and steam turbines, generators, and high voltage equipment; and power generation services.
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