General Electric (NYSE:GE) Shares Sold by Strategic Wealth Partners Ltd.

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Strategic Wealth Partners Ltd. trimmed its holdings in shares of General Electric (NYSE:GE) by 26.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,618 shares of the conglomerate’s stock after selling 1,677 shares during the period. Strategic Wealth Partners Ltd.’s holdings in General Electric were worth $48,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. CHICAGO TRUST Co NA grew its position in General Electric by 0.4% in the 2nd quarter. CHICAGO TRUST Co NA now owns 249,228 shares of the conglomerate’s stock valued at $2,617,000 after buying an additional 992 shares in the last quarter. Beacon Investment Advisory Services Inc. grew its position in General Electric by 1.7% in the 4th quarter. Beacon Investment Advisory Services Inc. now owns 59,059 shares of the conglomerate’s stock valued at $447,000 after buying an additional 1,013 shares in the last quarter. Evanson Asset Management LLC grew its position in General Electric by 5.6% in the 2nd quarter. Evanson Asset Management LLC now owns 19,490 shares of the conglomerate’s stock valued at $205,000 after buying an additional 1,029 shares in the last quarter. Cetera Investment Advisers grew its position in General Electric by 1.0% in the 4th quarter. Cetera Investment Advisers now owns 105,683 shares of the conglomerate’s stock valued at $818,000 after buying an additional 1,054 shares in the last quarter. Finally, Monarch Capital Management Inc. grew its position in General Electric by 0.7% in the 2nd quarter. Monarch Capital Management Inc. now owns 165,752 shares of the conglomerate’s stock valued at $1,740,000 after buying an additional 1,100 shares in the last quarter. 58.85% of the stock is currently owned by institutional investors.

Shares of NYSE:GE traded down $0.22 during trading hours on Friday, hitting $7.97. 118,549,454 shares of the company’s stock traded hands, compared to its average volume of 101,013,968. General Electric has a 52 week low of $6.66 and a 52 week high of $13.78. The company has a debt-to-equity ratio of 1.65, a quick ratio of 1.44 and a current ratio of 1.73. The company’s fifty day simple moving average is $9.75 and its two-hundred day simple moving average is $9.91. The company has a market cap of $71.47 billion, a price-to-earnings ratio of 12.26, a price-to-earnings-growth ratio of 1.77 and a beta of 1.03.

General Electric (NYSE:GE) last posted 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. General Electric had a negative net margin of 15.38% and a positive return on equity of 10.64%. The company had revenue of $28.83 billion during the quarter, compared to analyst estimates of $28.83 billion. During the same quarter last year, the firm posted $0.19 EPS. The business’s revenue for the quarter was down 1.1% on a year-over-year basis. On average, analysts anticipate that General Electric will post 0.64 EPS for the current fiscal year.

In other news, Director Paula Rosput Reynolds acquired 5,000 shares of General Electric stock in a transaction on Wednesday, August 14th. The stock was bought at an average cost of $9.05 per share, with a total value of $45,250.00. Following the completion of the purchase, the director now owns 16,500 shares of the company’s stock, valued at $149,325. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Thomas S. Timko acquired 10,000 shares of General Electric stock in a transaction on Monday, August 19th. The shares were purchased at an average cost of $8.83 per share, with a total value of $88,300.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 794,568 shares of company stock valued at $6,904,045. Insiders own 1.13% of the company’s stock.

GE has been the subject of a number of recent analyst reports. Zacks Investment Research lowered shares of General Electric from a “strong-buy” rating to a “hold” rating and set a $12.00 target price for the company. in a research report on Friday, August 2nd. Deutsche Bank set a $10.00 target price on shares of General Electric and gave the company a “hold” rating in a research report on Thursday, May 2nd. ValuEngine lowered shares of General Electric from a “hold” rating to a “sell” rating in a research report on Thursday. William Blair reiterated a “buy” rating on shares of General Electric in a research report on Friday, August 16th. Finally, Cowen reiterated a “hold” rating and issued a $8.00 target price on shares of General Electric in a research report on Wednesday, May 1st. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $11.68.

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

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