Sawyer & Company Inc purchased a new position in General Electric (NYSE:GE) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 117,110 shares of the conglomerate’s stock, valued at approximately $2,044,000. General Electric comprises about 1.3% of Sawyer & Company Inc’s holdings, making the stock its 21st largest holding.
Several other hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in General Electric by 0.6% in the 2nd quarter. Vanguard Group Inc. now owns 600,238,644 shares of the conglomerate’s stock worth $16,212,445,000 after acquiring an additional 3,297,890 shares during the last quarter. BlackRock Inc. grew its holdings in General Electric by 3.9% in the 2nd quarter. BlackRock Inc. now owns 517,315,514 shares of the conglomerate’s stock worth $13,972,691,000 after acquiring an additional 19,422,516 shares during the last quarter. Capital World Investors grew its holdings in General Electric by 8.6% in the 2nd quarter. Capital World Investors now owns 141,322,676 shares of the conglomerate’s stock worth $3,817,125,000 after acquiring an additional 11,194,678 shares during the last quarter. Capital Research Global Investors grew its holdings in General Electric by 18.6% in the 2nd quarter. Capital Research Global Investors now owns 91,205,460 shares of the conglomerate’s stock worth $2,463,459,000 after acquiring an additional 14,316,281 shares during the last quarter. Finally, Franklin Resources Inc. grew its holdings in General Electric by 43.8% in the 2nd quarter. Franklin Resources Inc. now owns 78,024,403 shares of the conglomerate’s stock worth $2,107,438,000 after acquiring an additional 23,764,129 shares during the last quarter. 56.28% of the stock is currently owned by institutional investors.
In other General Electric news, insider Alexander Dimitrief purchased 2,689 shares of the stock in a transaction that occurred on Monday, January 29th. The stock was bought at an average cost of $16.16 per share, with a total value of $43,454.24. Following the transaction, the insider now directly owns 81,185 shares in the company, valued at approximately $1,311,949.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.12% of the company’s stock.
Shares of GE stock opened at $13.07 on Friday. General Electric has a 12-month low of $13.02 and a 12-month high of $30.54. The company has a market cap of $115,912.40, a PE ratio of -18.15, a PEG ratio of 2.53 and a beta of 1.00. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.87 and a quick ratio of 1.59.
General Electric (NYSE:GE) last issued its quarterly earnings results on Wednesday, January 24th. The conglomerate reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.01). General Electric had a negative net margin of 4.74% and a positive return on equity of 11.60%. The business had revenue of $31.40 billion for the quarter, compared to analysts’ expectations of $33.93 billion. During the same period last year, the business earned $0.46 earnings per share. The company’s revenue was down 5.1% on a year-over-year basis. research analysts predict that General Electric will post 0.99 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 25th. Investors of record on Monday, February 26th will be given a dividend of $0.12 per share. The ex-dividend date is Friday, February 23rd. This represents a $0.48 dividend on an annualized basis and a yield of 3.67%. General Electric’s dividend payout ratio (DPR) is currently -66.67%.
General Electric Profile
General Electric Company is a global digital industrial company. The Company’s products and services range from aircraft engines, power generation, and oil and gas production equipment to medical imaging, financing and industrial products. Its segments include Power, which includes products and services related to energy production; Renewable Energy, which offers renewable power sources; Oil & Gas, including liquefied natural gas and pipelines; Aviation, which includes commercial and military aircraft engines, and integrated digital components, among others; Healthcare, which provides healthcare technologies in medical imaging, digital solutions, patient monitoring and diagnostics, and drug discovery, among others; Transportation, which is a supplier to the railroad, mining, marine, stationary power and drilling industries; Energy Connections & Lighting, which includes Energy Connections and Lighting businesses, and Capital, which is a financial services division.
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