General Electric (NYSE:GE) Stock Position Raised by Executive Wealth Management LLC

Executive Wealth Management LLC lifted its holdings in shares of General Electric (NYSE:GE) by 42.8% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,070 shares of the conglomerate’s stock after buying an additional 2,720 shares during the period. Executive Wealth Management LLC’s holdings in General Electric were worth $95,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Ardevora Asset Management LLP grew its position in General Electric by 19.0% in the 2nd quarter. Ardevora Asset Management LLP now owns 4,173,300 shares of the conglomerate’s stock worth $43,820,000 after purchasing an additional 666,800 shares during the last quarter. Hayden Royal LLC lifted its stake in shares of General Electric by 6.6% in the 2nd quarter. Hayden Royal LLC now owns 21,628 shares of the conglomerate’s stock worth $219,000 after acquiring an additional 1,343 shares during the period. Coastal Investment Advisors Inc. lifted its stake in shares of General Electric by 163.4% in the 2nd quarter. Coastal Investment Advisors Inc. now owns 69,377 shares of the conglomerate’s stock worth $725,000 after acquiring an additional 43,040 shares during the period. ELCO Management Co. LLC lifted its stake in shares of General Electric by 17.7% in the 2nd quarter. ELCO Management Co. LLC now owns 38,200 shares of the conglomerate’s stock worth $401,000 after acquiring an additional 5,750 shares during the period. Finally, Westpac Banking Corp lifted its stake in shares of General Electric by 12.3% in the 2nd quarter. Westpac Banking Corp now owns 1,737,450 shares of the conglomerate’s stock worth $18,243,000 after acquiring an additional 190,852 shares during the period. 57.49% of the stock is owned by institutional investors and hedge funds.

GE stock traded down $0.99 on Thursday, hitting $8.04. 208,998,925 shares of the company’s stock traded hands, compared to its average volume of 61,059,360. General Electric has a 1-year low of $6.66 and a 1-year high of $13.78. The firm has a market cap of $78.98 billion, a PE ratio of 12.36, a price-to-earnings-growth ratio of 1.96 and a beta of 1.03. The stock’s fifty day moving average is $10.13. The company has a debt-to-equity ratio of 1.65, a quick ratio of 1.44 and a current ratio of 1.73.

General Electric (NYSE:GE) last released its 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 period in the prior year, the business earned $0.19 earnings per share. The business’s quarterly revenue was down 1.1% on a year-over-year basis. On average, equities analysts expect that General Electric will post 0.64 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 25th. Investors of record on Monday, July 1st were paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.50%. The ex-dividend date of this dividend was Friday, June 28th. General Electric’s dividend payout ratio is presently 6.15%.

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. reaffirmed a “sell” rating on shares of General Electric in a research note on Wednesday, July 31st. UBS Group lowered shares of General Electric from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $13.00 to $11.50 in a research note on Monday, July 15th. Cowen reaffirmed a “hold” rating and issued a $8.00 price target on shares of General Electric in a research note on Wednesday, May 1st. Citigroup set a $14.00 price target on shares of General Electric and gave the stock a “buy” rating in a research note on Wednesday, June 19th. Finally, William Blair reaffirmed a “buy” rating on shares of General Electric in a research note on Thursday, June 13th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the company’s stock. General Electric has a consensus rating of “Hold” and a consensus price target of $11.68.

In other General Electric news, Director Thomas W. Horton bought 55,248 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The stock was acquired at an average cost of $9.02 per share, with a total value of $498,336.96. Following the completion of the purchase, the director now directly owns 55,248 shares in the company, valued at $498,336.96. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, insider L Kevin Cox bought 105,600 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The shares were acquired at an average cost of $9.42 per share, with a total value of $994,752.00. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 492,532 shares of company stock valued at $4,491,512. Company insiders own 1.13% of the company’s stock.

General Electric Company 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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