First Personal Financial Services trimmed its holdings in shares of General Electric (NYSE:GE) by 42.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 111,692 shares of the conglomerate’s stock after selling 81,165 shares during the quarter. First Personal Financial Services’ holdings in General Electric were worth $1,949,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Ffcm LLC purchased a new stake in General Electric in the second quarter worth $114,000. Corbenic Partners LLC increased its position in General Electric by 15.7% in the second quarter. Corbenic Partners LLC now owns 5,340 shares of the conglomerate’s stock worth $144,000 after buying an additional 725 shares during the last quarter. Bristlecone Advisors LLC purchased a new stake in General Electric in the third quarter worth $164,000. KCS Wealth Advisory purchased a new stake in General Electric in the fourth quarter worth $183,000. Finally, Broadleaf Partners LLC purchased a new stake in General Electric in the fourth quarter worth $195,000. 56.22% of the stock is owned by institutional investors.
A number of research firms have issued reports on GE. TheStreet downgraded General Electric from a “c” rating to a “d+” rating in a research report on Wednesday, January 24th. Vetr cut General Electric from a “strong-buy” rating to a “buy” rating and set a $21.08 price target for the company. in a research report on Wednesday, January 10th. JPMorgan Chase reiterated a “sell” rating and issued a $11.00 price target on shares of General Electric in a research report on Monday, April 9th. DZ Bank reiterated a “sell” rating on shares of General Electric in a research report on Tuesday, April 3rd. Finally, Goldman Sachs reiterated a “neutral” rating and issued a $14.00 price target on shares of General Electric in a research report on Tuesday, April 10th. Seven equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $17.86.
In other General Electric news, insider Alexander Dimitrief acquired 2,689 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The stock was bought at an average price of $16.16 per share, with a total value of $43,454.24. Following the completion of the purchase, the insider now owns 81,185 shares of the company’s stock, valued at $1,311,949.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.12% of the stock is currently owned by company insiders.
NYSE:GE opened at $13.79 on Wednesday. The firm has a market cap of $117,127.95, a P/E ratio of 13.13, a price-to-earnings-growth ratio of 2.62 and a beta of 1.02. General Electric has a 52-week low of $12.73 and a 52-week high of $30.54. 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 posted its quarterly earnings data on Wednesday, January 24th. The conglomerate reported $0.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.01). The business had revenue of $31.40 billion for the quarter, compared to the consensus estimate of $33.93 billion. General Electric had a negative net margin of 4.74% and a positive return on equity of 11.60%. General Electric’s quarterly revenue was down 5.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.46 EPS. equities research analysts anticipate that General Electric will post 0.96 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 25th. Investors of record on Monday, February 26th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 3.48%. The ex-dividend date is Friday, February 23rd. General Electric’s dividend payout ratio is 45.71%.
COPYRIGHT VIOLATION NOTICE: “General Electric (GE) Shares Sold by First Personal Financial Services” was first reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this story on another publication, it was copied illegally and reposted in violation of U.S. and international trademark and copyright law. The original version of this story can be read at https://ledgergazette.com/2018/04/18/general-electric-ge-shares-sold-by-first-personal-financial-services.html.
About General Electric
General Electric Company operates as a digital industrial company worldwide. It operates through Power, Renewable Energy, Oil & Gas, Aviation, Healthcare, Transportation, Lighting, and Capital segments. The Power segment offers technologies, solutions, and services related to energy production, including gas and steam turbines, engines, generators, and high voltage equipment; and power generation services and digital solutions.
Receive News & Ratings for General Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Electric and related companies with MarketBeat.com's FREE daily email newsletter.