Paragon Capital Management LLC raised its stake in shares of General Electric Co. (NYSE:GE) by 15.5% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 10,172 shares of the company’s stock after buying an additional 1,362 shares during the period. Paragon Capital Management LLC’s holdings in General Electric were worth $320,000 as of its most recent filing with the SEC.
A number of other institutional investors have also added to or reduced their stakes in GE. Catamount Wealth Management boosted its position in General Electric by 35.3% in the first quarter. Catamount Wealth Management now owns 3,451 shares of the company’s stock valued at $110,000 after buying an additional 901 shares during the period. James Investment Research Inc. boosted its position in General Electric by 2.6% in the second quarter. James Investment Research Inc. now owns 5,850 shares of the company’s stock valued at $184,000 after buying an additional 150 shares during the period. Barry Investment Advisors LLC boosted its position in General Electric by 0.7% in the second quarter. Barry Investment Advisors LLC now owns 6,871 shares of the company’s stock valued at $216,000 after buying an additional 50 shares during the period. D. Scott Neal Inc. boosted its position in General Electric by 1.3% in the second quarter. D. Scott Neal Inc. now owns 7,441 shares of the company’s stock valued at $234,000 after buying an additional 93 shares during the period. Finally, Windward Capital Management Co. CA boosted its position in General Electric by 1.2% in the second quarter. Windward Capital Management Co. CA now owns 7,873 shares of the company’s stock valued at $248,000 after buying an additional 95 shares during the period. 55.81% of the stock is currently owned by institutional investors.
General Electric Co. (NYSE:GE) traded up 0.42% during trading on Friday, reaching $28.89. The company’s stock had a trading volume of 28,181,380 shares. General Electric Co. has a 1-year low of $27.10 and a 1-year high of $33.00. The company’s 50 day moving average price is $29.97 and its 200-day moving average price is $30.69. The stock has a market cap of $258.89 billion, a P/E ratio of 24.42 and a beta of 1.15.
General Electric (NYSE:GE) last released its quarterly earnings data on Friday, July 22nd. The company reported $0.51 earnings per share (EPS) for the quarter, beating the Zacks’ 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 earned $33.49 million during the quarter, compared to analysts’ expectations of $31.76 billion. During the same period last year, the firm posted $0.31 earnings per share. The business’s revenue was up 14.6% on a year-over-year basis. Equities analysts forecast that General Electric Co. will post $1.50 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 25th. Stockholders of record on Monday, September 19th will be given a $0.23 dividend. The ex-dividend date is Thursday, September 15th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.18%. General Electric’s payout ratio is 77.97%.
Several research firms have weighed in on GE. Credit Suisse Group AG reaffirmed a “buy” rating on shares of General Electric in a research note on Saturday, July 9th. Oppenheimer Holdings Inc. reiterated a “market perform” rating on shares of General Electric in a report on Tuesday, June 28th. JPMorgan Chase & Co. reiterated a “sell” rating on shares of General Electric in a report on Wednesday, June 29th. Vetr upgraded General Electric from a “hold” rating to a “buy” rating and set a $30.83 price target for the company in a report on Monday, June 27th. Finally, Zacks Investment Research upgraded General Electric from a “sell” rating to a “hold” rating in a report on Thursday, June 30th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $32.79.
In other General Electric news, Chairman Jeffrey R. Immelt acquired 50,000 shares of the business’s stock in a transaction dated Tuesday, July 26th. The stock was bought at an average cost of $31.45 per share, with a total value of $1,572,500.00. Following the completion of the transaction, the chairman now directly owns 2,198,688 shares in the company, valued at approximately $69,148,737.60. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.23% of the stock is owned by insiders.
About General Electric
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