Bonness Enterprises Inc. trimmed its position in shares of General Electric (NYSE:GE – Free Report) by 79.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,484 shares of the conglomerate’s stock after selling 9,611 shares during the quarter. Bonness Enterprises Inc.’s holdings in General Electric were worth $317,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently made changes to their positions in the company. Halpern Financial Inc. increased its stake in shares of General Electric by 968.4% during the 4th quarter. Halpern Financial Inc. now owns 203 shares of the conglomerate’s stock worth $25,000 after purchasing an additional 184 shares during the last quarter. CGC Financial Services LLC grew its stake in shares of General Electric by 90.2% during the 4th quarter. CGC Financial Services LLC now owns 232 shares of the conglomerate’s stock worth $30,000 after acquiring an additional 110 shares during the period. Global Wealth Management Investment Advisory Inc. increased its holdings in General Electric by 808.1% in the 1st quarter. Global Wealth Management Investment Advisory Inc. now owns 336 shares of the conglomerate’s stock worth $31,000 after acquiring an additional 299 shares during the last quarter. Financial Freedom LLC purchased a new stake in General Electric during the fourth quarter valued at about $32,000. Finally, Macroview Investment Management LLC boosted its position in General Electric by 43.4% during the third quarter. Macroview Investment Management LLC now owns 317 shares of the conglomerate’s stock worth $35,000 after purchasing an additional 96 shares during the period. Institutional investors own 74.77% of the company’s stock.
Insider Activity at General Electric
In other General Electric news, SVP Michael J. Holston sold 22,055 shares of the stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $144.87, for a total transaction of $3,195,107.85. Following the transaction, the senior vice president now directly owns 56,284 shares in the company, valued at approximately $8,153,863.08. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other General Electric news, SVP Michael J. Holston sold 13,601 shares of the stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $135.55, for a total transaction of $1,843,615.55. Following the transaction, the senior vice president now owns 48,339 shares in the company, valued at $6,552,351.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Michael J. Holston sold 22,055 shares of the company’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $144.87, for a total transaction of $3,195,107.85. Following the transaction, the senior vice president now owns 56,284 shares of the company’s stock, valued at approximately $8,153,863.08. The disclosure for this sale can be found here. 0.66% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
GE has been the subject of several analyst reports. Wells Fargo & Company raised their price objective on shares of General Electric from $177.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday, March 27th. StockNews.com started coverage on General Electric in a research report on Thursday, March 28th. They issued a “hold” rating for the company. Citigroup lifted their target price on General Electric from $135.00 to $148.00 and gave the company a “buy” rating in a report on Monday, December 11th. JPMorgan Chase & Co. cut their price objective on shares of General Electric from $180.00 to $148.00 and set an “overweight” rating for the company in a research report on Tuesday. Finally, Barclays increased their target price on shares of General Electric from $153.00 to $181.00 and gave the stock an “overweight” rating in a research note on Thursday, February 29th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, General Electric has a consensus rating of “Moderate Buy” and a consensus target price of $148.08.
Get Our Latest Research Report on General Electric
General Electric Stock Performance
General Electric stock traded down $3.39 during midday trading on Tuesday, reaching $136.47. 20,470,948 shares of the company traded hands, compared to its average volume of 6,302,168. General Electric has a 12 month low of $93.47 and a 12 month high of $180.36. The business has a 50 day moving average of $154.32 and a two-hundred day moving average of $130.76. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.18 and a quick ratio of 0.85. The firm has a market capitalization of $149.20 billion, a price-to-earnings ratio of 16.93, a price-to-earnings-growth ratio of 2.35 and a beta of 1.29.
General Electric (NYSE:GE – Get Free Report) last posted its quarterly earnings data on Tuesday, January 23rd. The conglomerate reported $1.03 EPS for the quarter, topping the consensus estimate of $0.90 by $0.13. General Electric had a return on equity of 10.88% and a net margin of 13.95%. The firm had revenue of $19.42 billion for the quarter, compared to the consensus estimate of $17.27 billion. During the same quarter last year, the company earned $1.24 earnings per share. The business’s revenue for the quarter was up 15.4% compared to the same quarter last year. As a group, research analysts predict that General Electric will post 4.57 earnings per share for the current year.
General Electric Company Profile
(Free Report)
General Electric Company operates as a high-tech industrial company in Europe, China, Asia, the Americas, the Middle East, and Africa. It offers gas and steam turbines, full balance of plant, upgrade, and service solutions, as well as data-leveraging software for power generation, industrial, government, and other customers.
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