General Electric (NYSE:GE) Stock Position Increased by Scopus Asset Management L.P.

Scopus Asset Management L.P. lifted its holdings in shares of General Electric (NYSE:GE - Free Report) by 9.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 653,103 shares of the conglomerate's stock after buying an additional 55,000 shares during the quarter. General Electric comprises 2.1% of Scopus Asset Management L.P.'s investment portfolio, making the stock its 3rd biggest position. Scopus Asset Management L.P. owned about 0.06% of General Electric worth $72,201,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. O Shaughnessy Asset Management LLC increased its holdings in General Electric by 10.9% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 109,332 shares of the conglomerate's stock worth $12,087,000 after acquiring an additional 10,722 shares during the period. D1 Capital Partners L.P. increased its holdings in General Electric by 159.8% during the 2nd quarter. D1 Capital Partners L.P. now owns 1,455,000 shares of the conglomerate's stock worth $159,832,000 after acquiring an additional 895,000 shares during the period. Hoey Investments Inc. increased its holdings in General Electric by 51,152.3% during the 3rd quarter. Hoey Investments Inc. now owns 22,551 shares of the conglomerate's stock worth $2,493,000 after acquiring an additional 22,507 shares during the period. Qsemble Capital Management LP bought a new stake in General Electric during the 3rd quarter worth approximately $1,846,000. Finally, Cambridge Financial Group Inc. bought a new stake in General Electric during the 3rd quarter worth approximately $6,285,000. 74.83% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, SVP Michael J. Holston sold 13,601 shares of General Electric stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $135.55, for a total transaction of $1,843,615.55. Following the sale, the senior vice president now owns 48,339 shares of the company's stock, valued at approximately $6,552,351.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, SVP Michael J. Holston sold 22,055 shares of General Electric 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 sale, the senior vice president now owns 56,284 shares of the company's stock, valued at approximately $8,153,863.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Michael J. Holston sold 13,601 shares of General Electric stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $135.55, for a total transaction of $1,843,615.55. Following the sale, the senior vice president now directly owns 48,339 shares in the company, valued at approximately $6,552,351.45. The disclosure for this sale can be found here. Insiders own 0.67% of the company's stock.

General Electric Trading Down 2.0 %

General Electric stock traded down $3.15 during trading hours on Tuesday, reaching $157.86. The stock had a trading volume of 6,330,591 shares, compared to its average volume of 5,431,659. The stock has a market cap of $171.80 billion, a PE ratio of 19.24, a PEG ratio of 2.36 and a beta of 1.28. General Electric has a 52 week low of $86.07 and a 52 week high of $162.15. 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 company has a fifty day simple moving average of $137.24 and a 200-day simple moving average of $122.67.

General Electric (NYSE:GE - Get Free Report) last announced its quarterly earnings results on Tuesday, January 23rd. The conglomerate reported $1.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.90 by $0.13. The business had revenue of $19.42 billion for the quarter, compared to analyst estimates of $17.27 billion. General Electric had a net margin of 13.95% and a return on equity of 10.88%. The company's revenue was up 15.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.24 EPS. Analysts forecast that General Electric will post 4.53 EPS for the current fiscal year.

General Electric Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 25th. Stockholders of record on Thursday, December 28th were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.20%. The ex-dividend date was Wednesday, December 27th. General Electric's payout ratio is 3.82%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on GE shares. Wells Fargo & Company increased their price target on shares of General Electric from $144.00 to $148.00 and gave the stock an "overweight" rating in a report on Wednesday, January 24th. Barclays increased their price target on shares of General Electric from $153.00 to $181.00 and gave the stock an "overweight" rating in a report on Thursday, February 29th. Oppenheimer reissued a "market perform" rating on shares of General Electric in a report on Tuesday. Royal Bank of Canada increased their price target on shares of General Electric from $148.00 to $170.00 and gave the stock an "outperform" rating in a report on Friday. Finally, Citigroup increased their price target on shares of General Electric from $135.00 to $148.00 and gave the stock a "buy" rating in a report on Monday, December 11th. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, General Electric currently has a consensus rating of "Moderate Buy" and a consensus target price of $137.71.

About General Electric

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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