General Electric Company (GE) Holdings Reduced by Mitsubishi UFJ Kokusai Asset Management Co. Ltd.

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. cut its holdings in shares of General Electric Company (NYSE:GE) by 15.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,461,056 shares of the conglomerate’s stock after selling 274,863 shares during the quarter. General Electric makes up about 1.0% of Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s investment portfolio, making the stock its 17th biggest position. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in General Electric were worth $39,463,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of GE. Nationwide Fund Advisors increased its holdings in shares of General Electric by 41.6% in the first quarter. Nationwide Fund Advisors now owns 5,420,262 shares of the conglomerate’s stock worth $161,524,000 after purchasing an additional 1,591,790 shares during the last quarter. Truepoint Inc. increased its holdings in shares of General Electric by 4.5% in the first quarter. Truepoint Inc. now owns 46,690 shares of the conglomerate’s stock worth $1,391,000 after purchasing an additional 2,000 shares during the last quarter. Country Trust Bank increased its holdings in shares of General Electric by 0.9% in the first quarter. Country Trust Bank now owns 1,313,695 shares of the conglomerate’s stock worth $39,148,000 after purchasing an additional 11,408 shares during the last quarter. Boyd Watterson Asset Management LLC OH increased its holdings in shares of General Electric by 13.2% in the first quarter. Boyd Watterson Asset Management LLC OH now owns 65,017 shares of the conglomerate’s stock worth $1,938,000 after purchasing an additional 7,573 shares during the last quarter. Finally, Guardian Investment Management increased its holdings in shares of General Electric by 11.4% in the first quarter. Guardian Investment Management now owns 137,715 shares of the conglomerate’s stock worth $3,535,000 after purchasing an additional 14,111 shares during the last quarter. 54.29% of the stock is currently owned by institutional investors and hedge funds.

General Electric Company (GE) opened at $19.02 on Tuesday. The company has a market cap of $177,777.73, a P/E ratio of 16.53, a P/E/G ratio of 2.15 and a beta of 1.11. General Electric Company has a 12 month low of $18.75 and a 12 month high of $32.38. The company has a quick ratio of 1.53, a current ratio of 1.86 and a debt-to-equity ratio of 1.14.

General Electric (NYSE:GE) last issued its quarterly earnings data on Friday, October 20th. The conglomerate reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.20). The business had revenue of $33.47 billion during the quarter, compared to the consensus estimate of $32.51 billion. General Electric had a return on equity of 13.72% and a net margin of 6.08%. The business’s quarterly revenue was up 11.5% on a year-over-year basis. During the same period last year, the firm earned $0.32 EPS. analysts forecast that General Electric Company will post 1.06 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 25th. Investors of record on Monday, September 18th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 5.05%. The ex-dividend date was Friday, September 15th. General Electric’s dividend payout ratio (DPR) is 120.00%.

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In other General Electric news, Director James S. Tisch acquired 100,000 shares of General Electric stock in a transaction that occurred on Tuesday, August 22nd. The stock was bought at an average price of $24.56 per share, with a total value of $2,456,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.36% of the company’s stock.

GE has been the topic of several research reports. UBS AG reaffirmed a “buy” rating and issued a $31.00 target price (down from $35.00) on shares of General Electric in a report on Tuesday, July 25th. Bank of America Corporation upgraded General Electric from a “neutral” rating to a “buy” rating and set a $27.00 price target for the company in a research report on Monday, October 23rd. Vetr lowered General Electric from a “strong-buy” rating to a “buy” rating and set a $25.63 price target for the company. in a research report on Wednesday, September 13th. Oppenheimer Holdings, Inc. lowered General Electric from a “market perform” rating to an “underperform” rating in a research report on Tuesday, October 24th. Finally, J P Morgan Chase & Co reiterated a “sell” rating and issued a price target on shares of General Electric in a research report on Thursday, October 19th. Six analysts have rated the stock with a sell rating, six have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $25.55.

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

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