2 weeks Ago By ABMN Staff
Strategic Blueprint LLC grew its position in shares of General Electric ( NYSE:GE – Free Report ) by 14.4% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,416 shares of the conglomerate’s stock after buying an additional 429 shares during the quarter.
Strategic Blueprint LLC’s holdings in General Electric were worth $543,000 as of its most recent filing with the SEC. Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc.
raised its holdings in General Electric by 0.6% during the fourth quarter. Vanguard Group Inc.
now owns 88,444,222 shares of the conglomerate’s stock worth $11,288,136,000 after purchasing an additional 550,996 shares in the last quarter. Capital International Investors increased its position in General Electric by 9.9% during the 1st quarter.
Capital International Investors now owns 59,100,643 shares of the conglomerate’s stock worth $10,373,936,000 after purchasing an additional 5,309,543 shares during the period. Capital World Investors increased its position in General Electric by 2,818.1% during the 1st quarter.
Capital World Investors now owns 12,749,560 shares of the conglomerate’s stock worth $2,237,930,000 after purchasing an additional 12,312,648 shares during the period. Norges Bank purchased a new position in shares of General Electric during the 4th quarter worth approximately $1,193,159,000. Finally, Canada Pension Plan Investment Board lifted its holdings in shares of General Electric by 221.
6% in the 1st quarter. Canada Pension Plan Investment Board now owns 7,121,741 shares of the conglomerate’s stock valued at $1,250,079,000 after buying an additional 4,907,530 shares during the period. Institutional investors and hedge funds own 74.
77% of the company’s stock. General Electric Price Performance GE stock opened at $173.59 on Friday.
The stock’s 50 day moving average price is $164.81 and its 200 day moving average price is $162.20.
The firm has a market cap of $190.01 billion, a P/E ratio of 56.91, a PEG ratio of 1.
70 and a beta of 1.21. The company has a debt-to-equity ratio of 0.
95, a quick ratio of 0.85 and a current ratio of 1.14.
General Electric has a 1 year low of $84.42 and a 1 year high of $177.20.
General Electric Announces Dividend The company also recently declared a quarterly dividend, which was paid on Thursday, July 25th. Stockholders of record on Thursday, July 11th were issued a dividend of $0.28 per share.
The ex-dividend date of this dividend was Thursday, July 11th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.
65%. General Electric’s dividend payout ratio (DPR) is presently 36.72%.
Wall Street Analyst Weigh In Several research analysts have issued reports on the company. Jefferies Financial Group increased their price objective on General Electric from $185.00 to $190.
00 and gave the stock a “buy” rating in a research report on Friday, June 28th. StockNews.com downgraded shares of General Electric from a “buy” rating to a “hold” rating in a report on Monday, July 29th.
Royal Bank of Canada boosted their price objective on shares of General Electric from $175.00 to $190.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th.
UBS Group increased their target price on shares of General Electric from $201.00 to $209.00 and gave the company a “buy” rating in a report on Monday, July 1st.
Finally, Barclays boosted their price target on General Electric from $175.00 to $200.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 30th.
Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, General Electric has a consensus rating of “Moderate Buy” and a consensus target price of $190.
38. View Our Latest Report on General Electric About General Electric ( Free Report ) General Electric Company, doing business as GE Aerospace, designs and produces commercial and defense aircraft engines, integrated engine components, electric power, and mechanical aircraft systems. It also offers aftermarket services to support its products.
The company operates in the United States, Europe, China, Asia, the Americas, the Middle East, and Africa. Featured Stories Want to see what other hedge funds are holding GE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for General Electric ( NYSE:GE – Free Report ).
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