Carlton Hofferkamp & Jenks Wealth Management LLC decreased its position in shares of General Electric (NYSE:GE) by 30.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 27,175 shares of the conglomerate’s stock after selling 11,768 shares during the quarter. Carlton Hofferkamp & Jenks Wealth Management LLC’s holdings in General Electric were worth $205,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in the business. Royal London Asset Management Ltd. increased its stake in General Electric by 5.0% during the 4th quarter. Royal London Asset Management Ltd. now owns 3,619,662 shares of the conglomerate’s stock valued at $27,184,000 after purchasing an additional 173,600 shares in the last quarter. Hikari Power Ltd boosted its holdings in shares of General Electric by 274.1% in the 4th quarter. Hikari Power Ltd now owns 1,951,080 shares of the conglomerate’s stock worth $14,770,000 after buying an additional 1,429,480 shares during the last quarter. GWM Advisors LLC lifted its holdings in General Electric by 68.5% during the fourth quarter. GWM Advisors LLC now owns 79,767 shares of the conglomerate’s stock valued at $604,000 after purchasing an additional 32,433 shares during the last quarter. Gilman Hill Asset Management LLC lifted its holdings in General Electric by 7.2% during the fourth quarter. Gilman Hill Asset Management LLC now owns 19,444 shares of the conglomerate’s stock valued at $147,000 after purchasing an additional 1,300 shares during the last quarter. Finally, Barry Investment Advisors LLC increased its position in shares of General Electric by 24.7% during the fourth quarter. Barry Investment Advisors LLC now owns 14,119 shares of the conglomerate’s stock valued at $107,000 after buying an additional 2,796 shares during the period. Hedge funds and other institutional investors own 57.72% of the company’s stock.
GE has been the topic of several analyst reports. Credit Suisse Group set a $10.00 price target on General Electric and gave the company a “neutral” rating in a research report on Thursday, January 3rd. Vertical Research upgraded shares of General Electric from a “hold” rating to a “buy” rating in a research report on Wednesday, December 19th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $10.16 target price (up previously from $1.06) on shares of General Electric in a research note on Friday, February 1st. Barclays cut their target price on General Electric from $13.00 to $12.00 and set an “overweight” rating for the company in a research note on Monday, December 17th. Finally, Argus raised General Electric from a “hold” rating to a “buy” rating in a research note on Thursday, January 31st. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and ten have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $12.39.
General Electric (NYSE:GE) last posted its quarterly earnings data on Thursday, January 31st. The conglomerate reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). General Electric had a positive return on equity of 9.85% and a negative net margin of 18.38%. The firm had revenue of $33.28 billion during the quarter, compared to the consensus estimate of $32.01 billion. On average, analysts predict that General Electric will post 0.53 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, April 25th. Stockholders of record on Monday, March 11th will be issued a dividend of $0.01 per share. The ex-dividend date of this dividend is Friday, March 8th. This represents a $0.04 annualized dividend and a dividend yield of 0.45%. General Electric’s payout ratio is presently 6.15%.
In other news, insider Russell Stokes sold 49,904 shares of the firm’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $9.93, for a total transaction of $495,546.72. Following the completion of the transaction, the insider now directly owns 265,986 shares in the company, valued at $2,641,240.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.13% of the stock is owned by company insiders.
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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