General Electric Co. (GE) Shares Sold by Alexandria Capital LLC

Alexandria Capital LLC lowered its position in General Electric Co. (NYSE:GE) by 0.7% during the second quarter, Holdings Channel reports. The fund owned 56,604 shares of the company’s stock after selling 376 shares during the period. Alexandria Capital LLC’s holdings in General Electric were worth $1,782,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. BB&T Securities LLC boosted its position in General Electric by 2.3% in the second quarter. BB&T Securities LLC now owns 1,975,191 shares of the company’s stock worth $62,178,000 after buying an additional 44,177 shares during the period. Commonwealth Equity Services Inc boosted its position in General Electric by 0.9% in the second quarter. Commonwealth Equity Services Inc now owns 4,668,834 shares of the company’s stock worth $146,975,000 after buying an additional 41,180 shares during the period. Robshaw & Julian Associates Inc. boosted its position in General Electric by 4.6% in the second quarter. Robshaw & Julian Associates Inc. now owns 149,297 shares of the company’s stock worth $4,700,000 after buying an additional 6,600 shares during the period. Plancorp LLC boosted its position in General Electric by 203.3% in the second quarter. Plancorp LLC now owns 82,847 shares of the company’s stock worth $2,608,000 after buying an additional 55,532 shares during the period. Finally, State Board of Administration of Florida Retirement System boosted its position in General Electric by 15.9% in the second quarter. State Board of Administration of Florida Retirement System now owns 13,548,121 shares of the company’s stock worth $426,495,000 after buying an additional 1,857,761 shares during the period. Institutional investors own 55.81% of the company’s stock.

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

Shares of General Electric Co. (NYSE:GE) traded up 0.28% during mid-day trading on Friday, hitting $28.85. The stock had a trading volume of 6,741,939 shares. The stock has a market cap of $258.53 billion, a price-to-earnings ratio of 24.39 and a beta of 1.15. The firm has a 50 day moving average of $30.04 and a 200 day moving average of $30.71. General Electric Co. has a one year low of $27.10 and a one year high of $33.00.

General Electric (NYSE:GE) last posted its earnings results on Friday, July 22nd. The company reported $0.51 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.05. General Electric had a return on equity of 15.04% and a net margin of 9.14%. The company had revenue of $33.49 million for the quarter, compared to analyst estimates of $31.76 billion. During the same period last year, the company earned $0.31 earnings per share. The business’s revenue was up 14.6% compared to the same quarter last year. On average, analysts forecast that General Electric Co. will post $1.50 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 25th. Shareholders of record on Monday, September 19th will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Thursday, September 15th. This represents a $0.92 annualized dividend and a yield of 3.20%. General Electric’s dividend payout ratio (DPR) is currently 77.97%.

Several equities analysts recently commented on GE shares. Vetr upgraded General Electric from a “sell” rating to a “hold” rating and set a $30.93 target price for the company in a research note on Thursday, July 7th. Credit Suisse Group AG reiterated an “outperform” rating and issued a $34.00 target price on shares of General Electric in a research note on Monday, June 27th. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $26.00 target price on shares of General Electric in a research note on Thursday, August 11th. Bank of America Corp. reiterated a “buy” rating and issued a $37.00 target price on shares of General Electric in a research note on Thursday, October 6th. Finally, Zacks Investment Research upgraded General Electric from a “sell” rating to a “hold” rating in a research note on Wednesday, July 13th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $32.79.

In other General Electric news, Chairman Jeffrey R. Immelt acquired 50,000 shares of the company’s stock in a transaction dated Tuesday, July 26th. The shares were acquired at an average cost of $31.45 per share, for a total transaction of $1,572,500.00. Following the completion of the purchase, the chairman now owns 2,198,688 shares of the company’s stock, valued at approximately $69,148,737.60. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.23% of the company’s stock.

General Electric Company Profile

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