YHB Investment Advisors Inc. Raises Stock Position in General Electric (NYSE:GE)

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YHB Investment Advisors Inc. grew its holdings in General Electric (NYSE:GE) by 41.4% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 351,224 shares of the conglomerate’s stock after buying an additional 102,865 shares during the period. YHB Investment Advisors Inc.’s holdings in General Electric were worth $3,140,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of GE. Ashburton Jersey Ltd bought a new stake in shares of General Electric in the 2nd quarter worth about $25,000. Fusion Family Wealth LLC lifted its holdings in shares of General Electric by 10,516.0% in the 2nd quarter. Fusion Family Wealth LLC now owns 2,654 shares of the conglomerate’s stock worth $28,000 after acquiring an additional 2,629 shares during the last quarter. Employers Holdings Inc. bought a new stake in shares of General Electric in the 2nd quarter worth about $28,000. Manchester Financial Inc. bought a new stake in shares of General Electric in the 2nd quarter worth about $30,000. Finally, Princeton Global Asset Management LLC lifted its holdings in shares of General Electric by 307,700.0% in the 2nd quarter. Princeton Global Asset Management LLC now owns 3,078 shares of the conglomerate’s stock worth $32,000 after acquiring an additional 3,077 shares during the last quarter. 59.28% of the stock is owned by institutional investors and hedge funds.

GE has been the subject of several analyst reports. ValuEngine upgraded shares of General Electric from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. JPMorgan Chase & Co. restated a “sell” rating on shares of General Electric in a report on Monday, October 7th. William Blair restated a “buy” rating on shares of General Electric in a report on Friday, August 16th. Royal Bank of Canada set a $13.00 price objective on shares of General Electric and gave the company a “buy” rating in a report on Monday, October 7th. Finally, Credit Suisse Group set a $11.00 price objective on shares of General Electric and gave the company a “hold” rating in a report on Friday, September 13th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the company. General Electric has an average rating of “Hold” and a consensus target price of $10.55.

In other General Electric news, Director Thomas W. Horton purchased 55,248 shares of General Electric stock in a transaction dated Monday, August 12th. The stock was acquired at an average price of $9.02 per share, for a total transaction of $498,336.96. Following the acquisition, the director now owns 55,248 shares in the company, valued at approximately $498,336.96. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman H Lawrence Culp, Jr. purchased 331,684 shares of General Electric stock in a transaction dated Monday, August 12th. The stock was acquired at an average price of $9.04 per share, with a total value of $2,998,423.36. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 801,068 shares of company stock valued at $6,954,745. Company insiders own 1.13% of the company’s stock.

NYSE:GE opened at $8.65 on Tuesday. General Electric has a one year low of $6.66 and a one year high of $12.81. 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 firm has a market cap of $76.10 billion, a P/E ratio of 13.30, a P/E/G ratio of 2.00 and a beta of 1.11. The firm has a 50-day simple moving average of $8.78 and a 200-day simple moving average of $9.57.

General Electric (NYSE:GE) last posted its quarterly earnings results on Wednesday, July 31st. The conglomerate reported $0.17 EPS for the quarter, beating the 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 business had revenue of $28.83 billion during the quarter, compared to analyst estimates of $28.83 billion. During the same quarter in the previous year, the business posted $0.19 EPS. The company’s quarterly revenue was down 1.1% compared to the same quarter last year. On average, research analysts predict that General Electric will post 0.61 EPS for the current fiscal year.

The firm also recently declared 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. The ex-dividend date is Friday, September 13th. This represents a $0.04 annualized dividend and a dividend yield of 0.46%. General Electric’s dividend payout ratio is currently 6.15%.

General Electric Profile

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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