General Electric (GE) Holdings Trimmed by Mosaic Family Wealth LLC

Mosaic Family Wealth LLC lessened its position in shares of General Electric (NYSE:GE) by 20.9% in the second quarter, according to its most recent filing with the SEC. The firm owned 20,051 shares of the conglomerate’s stock after selling 5,301 shares during the quarter. Mosaic Family Wealth LLC’s holdings in General Electric were worth $273,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in GE. Buckley Wealth Management LLC grew its position in shares of General Electric by 1.3% during the 1st quarter. Buckley Wealth Management LLC now owns 272,144 shares of the conglomerate’s stock worth $3,669,000 after buying an additional 3,575 shares during the period. Pinnacle Wealth Management Advisory Group LLC grew its position in shares of General Electric by 28.1% during the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 16,411 shares of the conglomerate’s stock worth $221,000 after buying an additional 3,600 shares during the period. Legacy Advisors LLC grew its position in shares of General Electric by 16.3% during the 2nd quarter. Legacy Advisors LLC now owns 26,145 shares of the conglomerate’s stock worth $356,000 after buying an additional 3,669 shares during the period. Home Federal Bank of Tennessee grew its position in shares of General Electric by 7.4% during the 2nd quarter. Home Federal Bank of Tennessee now owns 53,210 shares of the conglomerate’s stock worth $725,000 after buying an additional 3,675 shares during the period. Finally, Advisors Capital Management LLC grew its position in shares of General Electric by 7.6% during the 1st quarter. Advisors Capital Management LLC now owns 52,750 shares of the conglomerate’s stock worth $711,000 after buying an additional 3,714 shares during the period. 53.81% of the stock is owned by institutional investors and hedge funds.

Shares of GE opened at $9.42 on Wednesday. General Electric has a 12-month low of $9.06 and a 12-month high of $20.75. The company has a current ratio of 1.66, a quick ratio of 1.36 and a debt-to-equity ratio of 2.03. The firm has a market capitalization of $80.66 billion, a P/E ratio of 8.97, a PEG ratio of 2.40 and a beta of 0.95.

General Electric (NYSE:GE) last issued its earnings results on Tuesday, October 30th. The conglomerate reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.06). General Electric had a positive return on equity of 10.29% and a negative net margin of 27.36%. The firm had revenue of $29.57 billion during the quarter, compared to the consensus estimate of $30.08 billion. During the same quarter in the prior year, the business earned $0.29 earnings per share. General Electric’s revenue for the quarter was down 3.6% on a year-over-year basis. As a group, sell-side analysts forecast that General Electric will post 0.68 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 25th. Shareholders of record on Monday, September 17th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 5.10%. The ex-dividend date of this dividend was Friday, September 14th. General Electric’s dividend payout ratio (DPR) is presently 45.71%.

In related news, Chairman H Lawrence Culp, Jr. acquired 225,000 shares of the company’s stock in a transaction on Thursday, November 1st. The shares were acquired at an average cost of $9.73 per share, for a total transaction of $2,189,250.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 1.12% of the stock is currently owned by company insiders.

Several analysts have recently commented on the stock. Royal Bank of Canada set a $15.00 price objective on shares of General Electric and gave the stock a “neutral” rating in a research report on Wednesday, July 11th. Deutsche Bank set a $15.00 price objective on shares of General Electric and gave the stock a “hold” rating in a research report on Thursday, July 12th. MED upgraded General Electric from a “sell” rating to a “hold” rating and set a $15.00 target price on the stock in a report on Thursday, July 12th. JPMorgan Chase & Co. reiterated a “sell” rating and issued a $11.00 target price on shares of General Electric in a report on Monday, July 16th. Finally, Gabelli reiterated a “buy” rating on shares of General Electric in a report on Wednesday, July 18th. Five analysts have rated the stock with a sell rating, twelve have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. General Electric presently has an average rating of “Hold” and a consensus price target of $14.94.

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General Electric Company Profile

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.

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

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