CoreCap Advisors LLC Boosts Position in General Electric (NYSE:GE)

CoreCap Advisors LLC increased its holdings in shares of General Electric (NYSE:GEFree Report) by 6.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,747 shares of the conglomerate’s stock after purchasing an additional 346 shares during the quarter. CoreCap Advisors LLC’s holdings in General Electric were worth $734,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of GE. CGC Financial Services LLC increased its position in shares of General Electric by 90.2% during the 4th quarter. CGC Financial Services LLC now owns 232 shares of the conglomerate’s stock worth $30,000 after purchasing an additional 110 shares during the last quarter. Global Wealth Management Investment Advisory Inc. grew its position in General Electric by 808.1% in the 1st quarter. Global Wealth Management Investment Advisory Inc. now owns 336 shares of the conglomerate’s stock valued at $31,000 after acquiring an additional 299 shares in the last quarter. Financial Freedom LLC acquired a new position in General Electric in the 4th quarter valued at about $32,000. Macroview Investment Management LLC grew its position in General Electric by 43.4% in the 3rd quarter. Macroview Investment Management LLC now owns 317 shares of the conglomerate’s stock valued at $35,000 after acquiring an additional 96 shares in the last quarter. Finally, DHJJ Financial Advisors Ltd. acquired a new position in General Electric in the 3rd quarter valued at about $37,000. 74.77% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other General Electric news, SVP Michael J. Holston sold 22,055 shares of the stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $144.87, for a total value of $3,195,107.85. Following the completion of the transaction, the senior vice president now owns 56,284 shares in the company, valued at $8,153,863.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other General Electric news, SVP Michael J. Holston sold 22,055 shares of the stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $144.87, for a total value of $3,195,107.85. Following the completion of the transaction, the senior vice president now owns 56,284 shares in the company, valued at $8,153,863.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Michael J. Holston sold 13,601 shares of the stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $135.55, for a total value of $1,843,615.55. Following the completion of the transaction, the senior vice president now owns 48,339 shares of the company’s stock, valued at approximately $6,552,351.45. The disclosure for this sale can be found here. 0.66% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Barclays lifted their target price on General Electric from $153.00 to $181.00 and gave the company an “overweight” rating in a research report on Thursday, February 29th. JPMorgan Chase & Co. raised General Electric from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $166.00 to $180.00 in a research report on Friday, March 8th. Wells Fargo & Company boosted their price objective on General Electric from $144.00 to $148.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 24th. TheStreet raised General Electric from a “c+” rating to a “b+” rating in a research report on Tuesday, January 23rd. Finally, Oppenheimer reissued a “market perform” rating on shares of General Electric in a research report on Tuesday, March 5th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, General Electric presently has a consensus rating of “Moderate Buy” and a consensus price target of $146.54.

View Our Latest Stock Analysis on GE

General Electric Price Performance

Shares of NYSE GE opened at $173.51 on Tuesday. 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 stock has a fifty day moving average price of $148.73 and a 200 day moving average price of $128.14. General Electric has a 1-year low of $92.11 and a 1-year high of $177.50. The company has a market cap of $189.69 billion, a PE ratio of 20.73, a P/E/G ratio of 2.32 and a beta of 1.28.

General Electric (NYSE:GEGet Free Report) last issued its quarterly earnings results on Tuesday, January 23rd. The conglomerate reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.13. General Electric had a return on equity of 10.88% and a net margin of 13.95%. The firm had revenue of $19.42 billion during the quarter, compared to the consensus estimate of $17.27 billion. During the same period last year, the company earned $1.24 earnings per share. The company’s revenue for the quarter was up 15.4% on a year-over-year basis. Sell-side analysts forecast that General Electric will post 4.57 EPS for the current year.

General Electric Company Profile

(Free Report)

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.

See Also

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

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